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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| | iCover, an InsurTech that provides an algorithmic underwriting Platform as a Service (PaaS) for life insurance companies, has raised an undisclosed amount in seed funding. The company says it will use the funds raised to expand insurance distribution through a direct-to-consumer offering, increase technical
staff and expand sales and marketing efforts.
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Toronto-based digital broker Foxquilt has raised $8 million in a Series A financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital will be used to support talent acquisition, product development, and to further expand.
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| | Corvus Insurance, a provider of smart commercial insurance products, has partnered with specialty re/insurer SiriusPoint, via a strategic investment and multi-year underwriting capacity partnership that will support existing and future commercial insurance product offerings.
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| | Ategrity Specialty Insurance Company has completed a $75m capital raise led by Sequentis Financial to spur growth. Ategrity is a property & casualty insurance company focused on the excess and surplus (E&S) lines market. The insurer plans to use the latest funding to invest in technology to
support its expansion plans.
LIFE INSURANCE INTERNATIONAL
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| | Great American Insurance Group launched a new product offering designed for home-based businesses. The new product, HomeHQ, is an expansion of Great American’s online offering for small business owners, PolicySweet.
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