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The funding round was led by Bling Capital, and included angel investors such as Vantage Risk CEO Greg Hendrick and CRC Insurance president Garret Koehn -
The InsurTech said it had raised its per occurrence limit by 32%.
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The InsurTech Corridor helps UK InsurTechs to prepare for entry into the US market.
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A regional focus has been adopted for the first time, with Lloyd’s Europe sponsoring efforts to tackle cyber and climate underinsurance.
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London carriers were bullish on the opportunity ahead and suggested new ways of working will continue to evolve.
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Artur Niemczewski has held leadership roles at WTW, Marsh, Asta and DXC.
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Cover Genius has grown GWP to nearly $1.1mn a day since its last funding round in September 2021.
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The latest Gallagher Re InsurTech study shows that, beyond the biggest funding rounds in Q3, investment fell to its lowest level since early 2020.
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The homeowners’ InsurTech reported that it has received approximately 6,800 claims associated with Hurricane Ian to date.
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Often regarded as the destination for tech start-ups, IPOs no longer have the same attraction for UK InsurTechs, due to market volatility and the performance of their listed US counterparts.
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The fundraise comes after the company raised $180mn of Series A funding last year.
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Ferian Re will be capitalized by an investor group led by BDT Capital Partners
