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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| | French startup Luko is acquiring German startup Coya in order to grow its European presence and get an insurance license from German regulators. While Luko isn’t disclosing terms of the deal, the company says it’s a 100% share deal.
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Honeycomb, an InsurTech with the mission of providing simple, fair, and affordable multi-family property insurance, announced that it has raised $15.4 million in a Series A funding round led by Ibex Investors.
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| | Foresight Group, which includes workers compensation insurance startup Foresight Commercial Insurance and risk management platform Safesite, has secured $39 million in Series B funding. The round was led by OMERS Ventures, with participation from new investors.
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| | American digital insurance platform Appulate has joined forces with AllDigital Specialty to fuel digital network expansion. AllDigital facilitates transactions using blockchain technology and leverages artificial intelligence to underwrite insurance products for wholesale broker
partners.
LIFE INSURANCE INTERNATIONAL
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| | Reask, a catastrophe modelling, climate analytics and data company that uses machine learning techniques and artificial intelligence, has gained a significant vote of confidence from Chinese technology giant Tencent, which has led a seed funding round for the company.
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