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InsurTech Weekly Roundup – July 26, 2019

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July 26, 2019

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

  • Global insurance technology investors made total new funding commitments of more than $1.2 billion during the second quarter for the fourth consecutive quarter, according to Willis Towers Watson PLC’s Quarterly InsurTech Briefing.  [Willis Towers Watson]
  • AXA XL has partnered with InsurTech Vindati on ocean cargo insurance for small and mid-sized businesses.  [Digital Insurance]
  • Start-up life insurance provider reviti has joined InsurTech UK, the alliance of InsurTechs and brands.  [Verdict]
  • Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based personal lines  managing general agent and Lloyd’s coverholder.  [Insurance Journal]
  • Hippo, a tech startup focused on the insurance market, has raised $100 million in new venture capital at a $1 billion valuation.  [Fortune]
  • New research reveals which insurance industry players are best positioned to be leaders in the future of insurance.  [Business Wire]
  • Farmers Edge announced what they believe to be the agriculture industry’s first InsurTech platform that combines field-level data, remote sensing, AI-driven models, and secure automation technology designed to deliver new levels of efficiency and transparency for both insurance providers and growers.  [Business Wire]

The post InsurTech Weekly Roundup – July 26, 2019 appeared first on Insurance & Reinsurance.

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