TDI Daily Newswire - 14th April 2021

Published: Wed, 04/14/21

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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Clearcover Raises $200 Million in Series D Funding Round

Clearcover, a digital auto insurance startup, has closed $200 million in Series D funding, led by Eldridge, with participation from existing investors American Family Ventures, Cox Enterprises, OMERS Ventures, as well as several other new investors, according to a Clearcover statement. The company reports that it has raised $329 million in total funding to date.

IIR

Die Mobiliar expands home ecosystem with latest acquisition

Swiss insurer Die Mobiliar announced its plans to acquire Swiss real estate portal Flatfox. Flatfox – a team of 15 – offers a free marketplace for property searches, as well as tools around the rental process. With the acquisition, Mobiliar is expanding its range of products and services in the area of living and thus further expanding its market position.

COVERAGER

Envest picks controlling stake in All Parks Insurance

Entrepreneurial insurance distribution and investment company Envest has acquired a majority interest in All Parks Insurance. All Parks is an underwriting agency specialising in the tourism and accommodation sector. Financial terms of the deal have not been shared.

LIFE INSURANCE INTERNATIONAL

Broker BMS Launches Analytics Platform to Support Clients’ Risk Transfer Goals

BMS, the independent specialist insurance and reinsurance broker, announced the launch of an analytics platform called Pathlight Analytics. The platform is designed to harness the collective power of the analytics disciplines to better assist clients with examining, analyzing and interpreting data as it pertains to their specific capital and risk transfer goals and objectives.

INSURANCE JOURNAL

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. Fintech solutions aim to leverage AI and advanced data analytics to address key industry challenges including sustainability.

CROWDFUND INSIDER

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