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The latest fundraising exceeds the cumulative $14.3mn raised previously, according to Crunchbase.
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The company makes its Nasdaq debut.
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Nine cedants including Allianz and Generali were involved in the pilot. -
The digital notice of loss product allows customers to report accidents online or through an app.
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The MGA is backed by (re)insurance capacity from Markel, through the carrier’s Nephila insurance-linked securities fund.
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The series C fundraising round was led by Accel and joined by other investors including Weatherford Capital.
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Despite a record $2bn funding quarter, early-stage funding volumes decreased year on year.
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In total, 184 InsurTechs have failed over the last three years.
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The executive told the Insider London conference that big tech was now a bigger threat than start-ups.
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The series B round also featured capital from MS&AD Ventures, Portag3 Ventures and 8VC.
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The cyber and emerging risks specialist makes its second acquisition in six months.
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The InsurTech scans satellite data to provide underwriters with data on the risks facing 90 million properties in the US.
