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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| | KYND, provider of cyber risk management solutions for the insurance industry, announced a £3.25 million ($4.4 million) investment from BGF, a growth capital investor. The insurtech will use the investment to accelerate its growth and further development of transformative cyber risk technology to launch
new products.
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Dubai-based insurance innovator, Beema Insurance, has welcomed the new year with the launch of yet another unique insurance product, "Beema SmartDriver", which rewards users for safer and more responsible driving. The product is the first of its kind in the market and can be purchased and activated online through Beema’s mobile app.
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| | Stoïk has raised €3.8 million in a new funding round. The startup combines security software to mitigate risk levels and an insurance offer that transfers residual risk to a third-party. The funding is expected to assist the company in ongoing development efforts with positioning the service as the most
comprehensive offer on the cyber insurtech market.
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| | Hudson Structured Capital Management, the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has participated in the launch financing of a new life and annuity reinsurance firm named Martello Re Limited.
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| | Accelerant, “the insurtech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments,” announced it has raised in excess of $190 million at a $2 billion pre-money valuation led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD
Ventures, and others.
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