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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| | Flock has now raised $17 million in a Series A funding led by Social Capital, the investment vehicle run by Chamath Palihapitiya, best known as a SPAC investor and chairman of Virgin Galactic. Flock’s existing investors Anthemis and Dig Ventures also participated. This round brings Flock’s total funding to
$22 million.
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Spot, the tech startup modernizing insurance by providing digital, on-demand injury insurance to tens of thousands of customers, today announced it has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt. The round was led by GreatPoint Ventures, with participation from Montage Ventures, Mutual of Omaha, MS&AD, and Silverton Partners.
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| | Ping An Insurance (Group) Company of China, Ltd. announced that Ping An Property & Casualty Insurance Company of China, Ltd. has issued the first batch of digital RMB insurance policies in Shenzhen in cooperation with Bank of China.
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| | Harford Mutual Insurance Group, which sells commercial property and casualty insurance products, announced Tuesday a partnership with Toronto-based Ecopia AI, which produces high-definition vector maps using artificial intelligence.
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| | Openly, a premium homeowners insurance platform that affirms the agent channel while simplifying the buying process, has selected Snapsheet’s claims management platform to offer greater transparency, faster cycle times, and better customer experiences throughout the claims process.
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