Canopy Connect is making the process of sharing your insurance data so much simpler and more efficient, you no longer have to fumble around for a VIN number or insurance papers. Tolga and I discuss how far insurance is behind as compared to fintech, the importance of consumer permissions data, raising capital, and a whole lot more. I hope you enjoy the show.
Insurtech leader Lemonade has filed to go public; the company is backed by an A-list group of venture capitalists including...
A new report by Capgemini shows that banks are ahead of the insurance counterparts when it comes to transforming their...
Banking alternative Revolut is launching international medical and dental insurance for £1 a day; the company is using your phone’s location to automatically turn insurance on and off; there is a limit to the service if you are one to travel for months at a time but you can pay up front for the service annually; the company partners with Thomas Cook Money for their insurance product. Source.
While the full English report is still in the works KPMG releases their annual Fintech 50 for China; China has become one of the most important fintech markets in the world as some of the largest companies are from the market; they are also one of the most diversified markets as they have leading companies in insurtech, payments, regtech and online lending. Source.
The home insurance industry has been dominated by legacy insurance carriers for decades. These companies are still doing business the...
Northwestern Mutual is creating a second venture fund which will invest between $500,000 and $5 million in Series A/B rounds...
Business Insider has put together a list of the 27 fintech unicorns from around the world; data used to determine...
Insurtech startup Lemonade raised $120mn led by Softbank with backing from Allianz, Sequoia Capital and Google Ventures; the company has licenses in 25 states across the US and has sold more than 80,000 policies since launch last year; “By combining big data and AI with a seamless user experience, Lemonade is truly revolutionizing the insurance industry,” said David Thevenon, a senior investment professional at SoftBank, to the Financial Times. Source.
The KPMG Pulse of Fintech Q3 report pointed to 274 deals worth over $8bn in investment; the hottest areas of investment include artificial intelligence, insurtech, regtech and blockchain; the three biggest countries come as no surprise with the US, China and the UK dominating their respective regions. Source.