TDI Daily Newswire - 01st October 2020

Published: Thu, 10/01/20

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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Coverance Insurance Solutions Raises $10.5 Million led by CUNA Mutual Group

Coverance Insurance Solutions has announced a $10.5 million financing led by CUNA Mutual Group, with participation from existing investor Strandview Capital. Coverance is an independent insurance agency that helps seniors navigate the complex Medicare insurance market to obtain the optimal policy and save money.

IIR

London-based Insurwave raises £5 million

London-based commercial insurance SaaS company Insurwave has raised $6.4 million in its first seed round. It focuses on commercial insurance and has developed a platform to connect buyers, brokers and sellers around specialty coverage.

COVERAGER

Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln

Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime.

INSURANCE JOURNAL

Spruce partners with Munich Re on title insurance

Spruce has partnered with reinsurer Munich Re to make cost-effective title insurance based on automation available in the US market. The partnership, which brings together the technical and risk expertise and financial strength of the reinsurer with Spruce’s proprietary API-driven technology, aims to make title insurance affordable.

LIFE INSURANCE INTERNATIONAL

InsureMyTrip launches Covid-19 tool

InsureMyTrip released a ‘Covid-19 recommendation tool’ to guide travellers towards plans best suited to protect against Covid-19-related travel concerns.

ITIJ

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