Sunday, May 26, 2024
Artificial intelligence-based data platform for insurance underwriting Planck announced its successful participation in the recent Series B investment round. The company raised $16 million, a portion of which comes from Nationwide Insurance’s $100 million investment fund, notes Venture Beat. Planck...
Cyber insurance and security company Coalition announced on Wednesday it has raised $90 million in its Series C funding led by Valor Equity Partners. The round, which included participation from Greyhound Capital, Felicis, and other existing investors, brings the...
Cryptocurrency exchange and custodian firm, Gemini Exchange or Gemini Trust Company, LLC, launched Nakamoto, Ltd. last Wednesday, January 16, 2020. Nakamoto, Ltd. is a captive insurer designed to insure Gemini Custody. The crypto exchange business currently offers coverage for customer...
Marsh recently announced it will launch, market, and promote it's proof of insurance (POI) blockchain platform in the U.S. The Canada-based global insurance and risk management firm said the platform was initially launched as a proof of concept April last...
Autokid Truck Solutions, a leading truck parts and services provider in the Philippines, is partnering with the country’s top non-life insurance company, the Standard Insurance. According to a report from Inquirer, Autokid has chosen Standard Insurance to be its key...
Early-stage insurance company Singapore Life is slated to debut in the Philippine market next year. Inquirer reported the Singaporean insurer is expecting to get its Philippine license sometime in 2019. The Philippines’ Insurance Commission (IC) chief, Dennis B. Funa, said...
The United States’ Supreme Court decided to examine a case filed by health insurers against the federal government. According to Reuters, the health insurance companies are suing the U.S. government due to the $12 billion in losses they suffered...
New Zealand insurance firm Vero partnered up with charity organization Good Shepherd to offer auto coverage for low-income earners through a trial run, said the NZ Herald. Premiums for this plan starts at $8 per week. The 12-month trial applies...
Etherisc recently released an insurance service for farmers, says Coin Telegraph. This new platform is based on blockchain technology, allowing farmers to get insurance with minimal risk. The insurtech company worked with London-based insurance firm Aon and civic organization Oxfam...
UK Insurers are at risk of being banned from charging long-time customers a “loyalty penalty,” The Guardian reported. In an evaluation by the United Kingdom’s Financial Conduct Authority (FCA), insurance firms have been overcharging loyal clients’ premiums knowing that...

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