Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.
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Today’s top selected digital insurance content
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| | Quantiphi, a US and India based applied AI and big data services company this week announced a Series A investment of $20 Million from Multiples Alternate Asset Management.
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Foreign insurer Singapore Life Private Ltd. (Singlife) has entered into the Philippine life insurance industry via a partnership with conglomerate Aboitiz Equity Ventures (AEV), seeking to “disrupt” the protection space with its digital offering.
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American insurtech firm Hourly has raised $7.15m in a seed funding round led by Aya Peterburg and Haim Sadger of S Capital.Hourly, which offers workers’ comp insurance, payroll and time tracking for small business owners, intends to invest the proceeds on further expansion of the business into new markets.
LIFE INSURANCE INTERNATIONAL
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Toffee Insurance successfully secured its Series A funding of $5.5 million led by IVM Intersurer with Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital. This is Toffee Insurance’s second consecutive raise from four of the five key investors after their initial funding round of $1.5 million last year.
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Endsleigh Insurance has launched its digital student gadget and possessions proposition with technology company Acturis. Acturis completed the required student insurance re-launch and legacy platform migration in four months, according to the insurer.
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