Latest Startups Headlines

All the headlines from our Startups Topic Page, ordered by recency.

Startup Personal Lines Insurer Root Looking to Raise $604 Million in IPO

Oct 20 2020 // Automobile insurance startup Root Inc. said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the current boom in U.S....

InsurTech NY Announces Its 2020 Accelerator Cohort

Oct 13 2020 // InsurTech NY, an InsurTech community in the New York metro area, has announced its growth-stage InsurTech accelerator cohort.The 22 startups were selected to participate in its insurance carrier and broker sponsored...

Formation of More ‘Class of 2020’ Reinsurers Unlikely

Sep 25 2020 // The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently.Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was...

As Wildfires Spread, Public Safety Tech Startups Lack Venture Capitalists’ Backing

Sep 24 2020 // Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke.Winnacker, a...

Startups Developing Technologies to Clean Air in Workplaces of Coronavirus

Sep 21 2020 // Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking...

Startup Branch Starts Reciprocal Exchange for Personal Lines Insurance

Aug 25 2020 // Columbus, Ohio-headquartered personal lines insurance startup Branch has launched the Branch Insurance Exchange that it says will reduce the cost for its members.Branch formerly operated as a managing general agency,...

Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes

Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...

Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes

Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...

Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions

Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...

The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint

Aug 6 2020 // Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...

CoverWallet Launches Digital Management Liability Package for VC-Backed Startups

Aug 3 2020 // CoverWallet, an Aon company and digital insurance platform for businesses, has launched a digital insurance product for venture capital (VC)-backed startups. The new management liability package offers VC-backed startups...

UK Insurtech Startup battleface Offers COVID-19 Travel Insurance Package

Jul 21 2020 // Travel insurance provider battleface announced a new COVID-19 travel insurance package. The new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries...

SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B

Jul 20 2020 // Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms.The startup plans...

The Class of 2020: Capital Raising for Existing Firms or Insurance Startups?

Jul 16 2020 // Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still won’t be easy for...

Insurance Startup Lemonade Increases Target Price Range for IPO

Jul 1 2020 // SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion.The...

Orchid Insurance, Specialty Lines Startup CrossCover Form CAT-Focused MGU

Jun 26 2020 // Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will...

Insurtechs Will Not Shape the Industry’s Future Alone

May 18 2020 // Insurtech was once the Wild West of the insurance industry. Many of Insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...

AXA Ventures Leads $5M Investment in Cyber-Security Startup Hub Security

May 8 2020 // Hub Security, a startup that offers military-grade cyber-security solutions for fintech, cloud, blockchain and data storage, announced it has closed a $5 million Series A funding round led by AXA Ventures, with...

Q1 Insurtech Fundraising Drops 54% on COVID-19 Disruption: Willis Towers Watson

May 8 2020 // Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers...

Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups

Apr 15 2020 // Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday.Apple and Google...