IN THE NEWS
- Date
- March 15, 2022
Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. Cowbell Cyber, a full-stack insurance company that provides cyber insurance to SMEs, has closed a Series B of $100 million, which it will be using to continue investing in its data science and “risk engineering”, as well as underwriting tech, claims management, its reinsurance business Cowbell Re and expanding its go-to-market channels. The company — based out of Pleasanton and active so far only in the U.S. […]- Date
- March 1, 2022
A home in California has different insurance needs than a home in Nebraska, and Kin Insurance believes data and technology can determine the best way to insure homes where insurance is harder to get. It’s been a few years since we caught up with the Chicago-based direct-to-consumer home insurance company after it raised $4 million, but CEO Sean Harper told TechCrunch that among the $110 billion home insurance market, half of the homes are in regions exposed to extreme weather and fires. “There is a lot of demand for insurance because people are increasingly moving to those places,” he added. “There are some […]- Date
- March 1, 2022
CHICAGO, IL – March 1, 2022 – Kin Insurance, the direct-to-consumer home insurance company built for every new normal, today announced the $82 million first close of its Series D round, with additional commitments for a second close totaling $18 million. The funding was led by QED Investors with participation from returning investors Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), Alpha Edison, Allegis NL Capital, Avanta Ventures (venture arm of CSAA Insurance Group, a AAA Insurer), and August Capital, and new investors Geodesic Capital and PROOF.VC. Kin had raised $133 million in […]- Date
- February 16, 2022
PALO ALTO, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — Motorq, the leading connected car API company, has raised $40 million in its Series B round of funding. The round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from existing investors including Story Ventures, FM Capital, Monta Vista Capital and Avanta Ventures. Funding will be used to grow the product development and engineering teams, increase collaboration with the automotive OEMs, establish sales and business development in Europe and Japan and enhance the core Motorq platform for new markets, including insurance, automotive rental, and dealer […]- Date
- February 11, 2022
The ongoing global supply chain crisis has put meat, cars, washing machines – even Girl Scout Cookies – in a pinch. Last year’s Suez Canal disaster publicized the billions of dollars shipping delays cost businesses each year and how little recourse traditional insurance policies offer. OTONOMI is a blockchain-enabled platform using Chainlink Data Feeds to deliver parametric on-chain air cargo insurance policies that are independently triggered and executed at a fraction of the time and cost. This week, the Otonomi team expanded its integration of Chainlink oracles to launch the first-ever smart contracts-powered air freight insurance index. As an official risk contributor to the Nasdaq Global Index Data Services platform, the index is […]- Date
- January 20, 2022
InShare Expands its Digital Platform to Bring a Differentiated Insurance Claims Experience Tailored to the Needs of its Fast Moving, Digitally Driven Customers. January 20, 2022 09:00 AM Eastern Standard Time SCOTTSDALE, Ariz.–(BUSINESS WIRE)–InShare, a leading provider of insurance solutions for the sharing economy, final mile delivery and logistics, today announced its partnership with Snapsheet, the pioneer of virtual appraisals and an emerging leader in cloud-native claims management. InShare selected Snapsheet’s claims platform to deliver a fully digital, end-to-end claims experience designed specifically to meet the needs of InShare’s digitally-driven customers. “Our larger clients with substantial self-insured retentions (SIRs) are also […]- Date
- January 12, 2022
PLEASANTON, Calif., Jan. 12, 2022 /PRNewswire/ — Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced the launch of Cowbell Re, its highly anticipated cyber insurance captive, to address the increased demand for cyber insurance while helping policyholders build cyber resiliency and close insurability gaps. The creation of Cowbell Re reflects the company’s commitment to cyber insurance and confidence in its unique approach to cyber risk underwriting. Cowbell introduces new captive, Cowbell Re, to meet growing demand in 2022 PLEASANTON, Calif., Jan. 12, 2022 /PRNewswire/ — Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to […]- Date
- December 22, 2021
ST. PAUL, Minn., Dec. 22, 2021 /PRNewswire/ — Upsie, a consumer warranty startup for purchasing product warranties, announced a new partnership with AAA. Over 61 million members trust AAA to take care of their car, and now they can trust Upsie to protect their electronics and appliances. AAA members save an extra 15% on all Upsie warranty plans to stay protected from life’s uh-oh’s. Upsie customers save $15 on their first AAA Colorado membership. AAA members save an extra 15% on all Upsie warranty plans to stay protected from life’s uh-oh’s. Tweet this “We are so excited to announce our partnership with AAA!” says Clarence Bethea, […]