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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| | Marshmallow; the London company has raised $85 million in a new round of funding. The Series B valuation is significant on two counts: it catapults Marshmallow to a “unicorn” valuation above $1 billion — specifically, $1.25 billion; and Marshmallow itself becomes one of a very small group of U.K.
startups.
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Uk-based Nuon AI has raised £300k in its first round of investment from Haatch Ventures, an early stage venture fund. Founded in 2020, the startup provides insurers, MGA, and brokers with AI-led tools that can be applied across the insurance value chain.
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| | Bridgestone Americas has completed the acquisition of Azuga Holdings, Inc. and the Azuga fleet management platform from Sumeru Equity Partners, Danlaw, Inc. and other shareholders. Bridgestone characterizes the acquisition, valued at $391 million, as accelerating the company’s efforts to develop and deploy a
comprehensive fleet management solution.
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| | Japanese insurance company Tokio Marine has teamed up with Metromile Enterprise to use its artificial intelligence fraud-detection product. The insurer will use Metromile DETECT for its property and casualty business in Japan to detect potentially fraudulent claims.
LIFE INSURANCE INTERNATIONAL
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| | Intudo Ventures, an Indonesia-focused venture capital firm, has closed Intudo Ventures Fund III, a $115 million venture fund. The fund was oversubscribed and raised in less than three months.The close of Fund III brings Intudo Ventures total assets under management to approximately $200
million.
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