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A round-up of InsurTech news from 13 March to 20 March.
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Premiums more than double, while the unit's net loss shrinks from the prior-year period. -
A run-down of developments in InsurTech from the past week.
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The intermediary is targeting expansion into the insurance, reinsurance and mortgage insurance sectors.
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Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.
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The fund will focus on Series B onwards, evolving from pre-seed and Series A.
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The company will use the money to expand in the US.
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The investment is part of a “seven-figure” seed round.
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The investment, which brings total fundraising to $55mn, will be used to expand into fresh markets.
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Digital Risks, which focuses on the small and medium-sized enterprise market, said it is growing by 25 percent month-on-month.
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Acrew Capital led the round, with Munich Re Ventures also participating.
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The consultant urges incumbents to connect with big tech super-gatekeepers.
