Posts Tagged ‘insurance’

Foxquilt raises $1.2 million to help people save on insurance by buying in groups

Toronto-based Foxquilt has announced a close of $1.2 million in a seed round led by Extreme Venture Partners. Foxquilt enables consumers and small businesses to join groups with similar needs to achieve a discount off their premium, reduce deductibles, and be rewarded at renewal should their claims experience be in line during the past year. The […]

Fintech Eyes Opportunity in $15 Billion Title-Insurance Business

Tech-focused startups are knocking on the door of a $15 billion industry that’s dominated by just four companies: Title insurance. A California regulator, for the first time, gave approval to a tech-focused startup title insurer to operate in the biggest U.S. state by population. States Title Inc. joins newcomers including OneTitle National Guaranty Co. and […]

A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

Root Insurance, an Ohio-based car insurance startup with a tech twist, has raised $100 million in a Series D funding round led by Tiger Global Management, pushing the company’s valuation to $1 billion. Redpoint Ventures, Ribbit Capital and Scale Venture Partners all participated as follow-on investors in this latest round. Root provides car insurance to drivers. […]

Crypto Crime: The Steps Insurance Companies Are Taking To Prevent Cryptocurrency Theft

Jacqueline Quintal is the current managing director and financial institutions practice leader at Aon. She works with financial institutions to address exposures as well as tailor risk transfer and consulting solutions in management and professional liability, cyber, property, casualty, environmental, lender placed insurance, health and benefits, due diligence, transactional solutions, operational risk, talent and compensation. […]

Travelers acquires majority stake in Toronto-based fintech

Travelers, one of America’s largest insurance companies, has acquired a majority stake in the Canadian fintech startup Zensurance. Zensurance aids businesses in the purchase and management of insurance packages through its proprietary platform. Over 2,500 businesses have signed on with Zensurance, and the startup works with more than 40 insurers. Sources close to the matter have […]

Insurers Begin to Offer Cryptocurrency Theft Cover, Tackling Risks of Growing Sector

Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. The risks are clear: digital currency investors have already lost billions from dozens of cryptocurrency hacks, technical errors and fraud. For insurers the […]