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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| | Commercial auto insurance provider INSHUR has completed its Series B round of funding, which takes its total funding raised to date to $35m. The latest round was led by JVP. Existing investors Viola Fintech, and MTech Capital also participated in the round.
LIFE INSURANCE INTERNATIONAL
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MAPFRE, the largest auto insurer in Massachusetts, has launched MotionSmart, a usage-based insurance (UBI) program available to new MAPFRE policyholders in Massachusetts. Developed in partnership with Cambridge Mobile Telematics, MotionSmart assesses users’ driving behaviors.
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| | Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million), which equals its founding capital raised in 2019.
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| | Penn River, a life and annuity software company, announced its partnership with Hannover Re in the US to launch a reinsurance addition to its ProductHub platform. This addition to the platform gives Penn River’s clients the ability to integrate with Hannover Re US to evaluate new reinsurance
solutions.
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| | LiquidX, a global fintech solutions provider for working capital, trade finance, and insurance, has been granted approval by the Monetary Authority of Singapore (MAS) to offer insurance brokerage services in the country.
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