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Robert Houlihan has been recruited from Mercury to serve as chief insurance officer.
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The InsurTech also raised $37mn in a funding round led by Founders Fund.
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As any representative of the market will proudly tell you, (re)insurance is a relationships business.
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DropIn founder Louis Ziskin explains how his InsurTech can slash claims costs and curb fraud. -
The round was led by StageOne Ventures and Mundi Ventures.
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The Series A funding round is led by Ignition Partners and Canaan Partners.
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Later-stage and larger financing rounds take the H1 investment tally to $3bn.
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Next Insurance’s Sofya Pogreb said the Palo Alto-based InsurTech’s portal can now be used by brokers.
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Ali Safavi has been involved in investments in at least 38 InsurTech start-ups.
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Root has confirmed that the round was at a valuation of $3.65bn.
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The Shenzhen-based broking platform handled GWP of about $130mn last year.
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The round was led by Anthemis and included WR Berkley, Nephila Capital and Markel.
