Root Insurance valuation hits $3.65 billion in latest round led by DST Global and Coatue – gpgmail

[ad_1] Root Insurance,  lang=”EN”>an Ohio-based car insurance startup that uses smartphone technology to understand individual driver behavior, said Monday it has raised $350 million on a $3.65 billion valuation in a Series E funding round.  The amount of the round was reported last month, citing anonymous sources. This official announcement fills in the remaining details, […]

Lemonade Uses AI To Get You Insurance Claims Paid Out Faster

[ad_1] This site may earn affiliate commissions from the links on this page. Terms of use. We’re guessing that every adult you know either owns or rents a home. Whether they’re living it up in a mansion in Malibu or squeezing by in a five-person studio in Queens, having a home is understandably important for […]

Tesla promises up to 30% lower rates with new car insurance play – gpgmail

[ad_1] Tesla said Wednesday it has launched an insurance product, promising owners of its electric vehicles to deliver rates 20% and even as high as 30% lower than other insurance providers. For now, the product known as Tesla Insurance, will only be available to owners in California. The business will expand to additional U.S. state […]

Health insurance startup Alan launches four new verticals – gpgmail

[ad_1] French startup Alan announced new products, international expansion plans and a brand refresh at a press conference this morning. The company also announced plans to overhaul some of its tech stack to improve the overall user experience. Alan is a software-as-a-service startup that offers health insurance in France. The company wants to create a […]

Sweden’s Hedvig raises $10.4M led by Obvious Ventures to build “nice insurance” – gpgmail

[ad_1] Hedvig, a Swedish startup, is following in the footsteps of Lemonade building a new generation of insurance platforms that use AI to help evaluate customers and operate on a policy of using surplus for social good, and today the company announced the next stage of its growth. The startup has closed a SEK100 million […]

The CareVoice raises $10 million to develop better tech for insurance providers in Asia – gpgmail

[ad_1] The CareVoice, a Shanghai-based health insurance software startup with ambitions to expand throughout Asia, announced today that it has raised about $10 million in Series A funding. The investment was led by LUN Partners Group and an undisclosed global investment manager that specializes in financial services, with participation from DNA Capital and returning investors […]

Brolly launches ‘Brolly Contents’ to tackle the antiquated home contents insurance market – gpgmail

[ad_1] Brolly, the U.K. insurance app that lets you keep track of your various policies so that you are correctly and competitively covered, is launching a new product to plug what it sees as a gap in home contents insurance. Dubbed “Brolly Contents,” the new offering promises “flexible” monthly cover for all or a subset […]

SafetyWing raises $3.5M seed to offer medical insurance to ‘digital nomads’ – gpgmail

[ad_1] Former British Prime Minister Theresa May once said “if you believe you are a citizen of the world, you are a citizen of nowhere”. And while that sentiment would be considered risible by just about anybody who works in today’s outward-looking technology industry, if you are a digital worker of the world, you may […]