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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| | The insurtech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the initial launch of its new virtual agency platform. Auto and home insurance are to be added by the end of June.
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Reinsurer SCOR has developed a Claims Rules Engine (CRE) as a management solution for its life business, designed to accelerate claims lodgement and decision making, while freeing up claims assessor to support more complex claims.
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| | Paris-based digital insurer Acheel closed a $35 million round. Founded in 2020 and led by co-founder and CEO Ralph Ruimy, Acheel offers home, health, and pet insurance and has the reinsurance support of Hannover Re.
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| | Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings, has announced a strategic partnership through capital investment into Upstream Security, which offers a cloud-based mobility cybersecurity and data analytics platform. MSI is leading Upstream’s C-Round as part of a larger
investment round.
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| | Extend, a technology platform that allows businesses to offer product warranties has raised $260M in a Series C with participation from SoftBank Group, Meritech Capital Partners, GreatPoint Ventures, and PayPal Ventures, among others.
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