InsurTech Weekly Roundup – March 15, 2019

While you were off changing the industry, you may have missed these important developments:

• India-based online insurance startup Acko General Insurance Ltd. raised $65 million USD from Flipkart co-founder Binny Bansal, RPS Ventures Inc. and Intact Ventures Inc. in a series C financing round. [S&P Global]
• Boston-based InsurTech company Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product lines with the launch of an excess cyber insurance policy designed to give brokers the ability to participate on the coverage towers of larger companies. [Insurance Journal]
• Aon has formed a strategic alliance with Zesty.ai, a San Francisco-based InsurTech startup, which uses artificial intelligence (AI) to enhance insurers’ property underwriting. [Insurance Journal]
• Global reinsurance player Hannover Re has announced the launch of hr | equarium, an online platform designed to better connect InsurTech solutions with the insurance industry. [Reinsurance News]
• The UK InsurTech Board, an initiative facilitated by Tech Nation as part of the Fintech Delivery Panel (FDP) convened by HM Treasury, has announced the launch of a new toolkit of legal documents to assist start-ups in building relationships with insurance incumbents. [Reinsurance News]
• Singapore based InsurTech startup CXA Group has raised $25 million USD in a bridge funding round for its expansion in the Asia-Pacific region. [The Business Times]
• Wefox Group, a Germany-based InsurTech firm, has successfully secured $125 million through its Series B funding round. [Crowdfund Insider]

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