Soonicorn Club
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Minicorn
Aqeed (2016, Dubai, $18M) – Online car insurance marketplace
Market: Insurance Tech > Distribution Platforms > Property & Casualty > Auto -
Minicorn
At-Bay (2016, Mountain View, $19M) – Cyber insurance provider to enterprises
Market: Insurance Tech > Internet-first Insurers > Commercial > Cyber Insurance -
Minicorn
Simplesurance (2012, Berlin, $35.5M) – Point of sale insurance solutions
Market: Insurance Tech > Enablers > Point of Sale Insurance -
Minicorn
Beam Technologies (2012, Columbus, $33.5M) – Smart dental insurance solutions
Market: Insurance Tech > Internet-first Insurers > Personal > Life & Health > Health -
Minicorn
Easypolicy (2011, Noida, $6.1M) – Online selling and comparison platform for insurance
Market: Insurance Tech > Distribution Platforms > Horizontal -
Minicorn
BriteCore (2004, Springfield, $15.1M) – Software solutions for property/casualty insurance carriers.
Market: Insurance Tech > Enablers > Back-end Solutions > Policy Administration
Analyst Picks
- Toffee (2017, Gurgaon) – Insurance distribution platform
Market: Insurance Tech > Distribution Platforms > Horizontal - Evari Insure (2016, Perth) – Insurance platform for small businesses
Market: Insurance Tech > Distribution Platforms > Commercial - DreamQuark (2014, Paris, $3.5M) – AI-based software platform for financial services industry
Market: Insurance Tech > Enablers > Back-end Solutions > Underwriting & Risk Management
Funding Rounds
Series F, $200M
Policybazaar (2008, Gurgaon, $363.6M) – Leading online insurance aggregator in India.
Investors: SoftBank Group
Series B, $29M
Clark (2015, Berlin, $45M) – Mobile insurance platform to manage insurance
Investors: Portag3 Ventures, White Star Capital, Coparion, Kulczyk Investments
Series C, $24M
Simplesurance (2012, Berlin, $35.5M) – Point of sale insurance solutions
Investors: Allianz X, Rheingau Founders, Rakuten
Series C, $22.5M
Beam Technologies (2012, Columbus, $33.5M) – Smart dental insurance solutions
Series C, $22M
Coverfox (2011, Mumbai, $57.1M) – Insurance aggregator and selling platform
Investors: IFC, Transamerica Ventures, Catamaran Ventures, SAIF Partners, Accel Partners, N.R.Narayana Murthy
Series A, $18M
Aqeed (2016, Dubai, $18M) – Online car insurance marketplace
Series A, $13.5M
BriteCore (2004, Springfield, $15.1M) – Software solutions for property/casualty insurance carriers.
Series A, $10M
LeaseLock (2012, Marina Del Rey, $12M) – Commercial Guarantor for rental market
Investors: Wildcat Venture Partners, American Family Ventures, Moderne Ventures, Liberty Mutual, Hivers and Strivers
Seed, $3.9M
Konsileo (2015, London, $3.9M) – Helping individual insurance brokers with technology platforms
Investors: Committed Capital
Series A
BetterView (2014, San Francisco, $2M) – Drone-based inspection for P&C insurance
Investors: Nationwide Mutual Capital
Series B
Easypolicy (2011, Noida, $6.1M) – Online selling and comparison platform for insurance
Investors: Unilazer Ventures
M&A
- Ebix Enters India’s E-Learning Markets via Acquisition of 60 Percent Stake in Smartclass Educational Services GlobeNewswire
- Unilazer Ventures ups stake in EasyPolicy to 70%, co may raise additional Rs 150 CrIndiatimes
- Connecture, Inc. Completes Take-Private Acquisition by Francisco Partners GlobeNewswire
- Symbility Solutions Completes Agreement to Sell its Symbility Health Division PR Newswire
IPO
- Octo Telematics’ Execs to Buy 20% of Russian Shareholder Stake, Paving Way for IPOInsurance Journal
New Product Announcement
- CCC Introduces AI Damage Detection and Heat Maps to Aid Customer CommunicationCollisionWeek
- Verisk Launches API for Mozart Form Composer GlobeNewswire
- CoverWallet Expands its Innovative Insurtech Platform to The Hanover Insurance Group Agents PR Newswire
- H2O.ai Accelerates AI Deployments for Customers with Automatic Pipelines Generated with Driverless AI PR Newswire
- miEdge Property & Casualty Goes Mobile Business PR News
- CLARA analytics Launches ‘CLARA litigation’ at RIMS 2018 Business Wire
- Majesco Launches Majesco Digital1st Insurance, an Innovative Next Generation Platform Solution as the Foundation of a New Business Unit Business Wire
- Clover Health Launches New In-Home Primary Care Program Supported by Genomic Testing Capabilities PR Newswire
- Zipari Launches Mobile App to Enhance Customer Experience with Health InsurersBusiness Wire
- Askarvi Enters Motor Insurance Segment; Offers the Plans Through Mobile Chat FeatureStartup Success Stories
- Meteo Protect develops parametric solution following French floods Reinsurance News
- Cavirin Hybrid Cloud CyberPosture Intelligence Released DEVOPSdigest
New Geo Entry
- CoverWallet to open in Brighton, creating 100 jobs Rochester Business Journal
Business Partnership
- Sempre Health and Novo Nordisk Partner to Improve Medication Costs for Patients With Diabetes BioSpace
- Sapiens to Enrich Digital Engagement Platform Through Partnership With EasySend PR Newswire
- Hyundai Joins the Verisk Data Exchange Citybizlist
- Guidewire Software Announces Prelude Software as a New Solution Partner Business Wire
- Roomi Announces Partnership With Lemonade So Users Can Easily Buy Renter Insurance PR Newswire
- Hellas Direct and Revolut join forces to revolutionize the insurance industry in Greece and Cyprus PR Newswire
- TrueMotion Partners with INRIX to Deliver Contextual Driving Data to Auto InsurersPRWeb
- Tokio Marine Kiln Forms Strategic Agreement with Australian Insurtech Firm EvariInsurance Journal
- InsureSign Partners with HawkSoft Agency Management System to Offer Integrated e-Signature Service HITECH news articles
- US Bank streamlines automated insurance payment process with Enservio Finextra
- HDI Sigorta Selects the Sapiens Non-Life/General Insurance Suite PressReleasePoint
- Symbility and HOVER Collaborate to Reduce Claims Adjusting Costs and Decrease Cycle Times PR Newswire
- InsureSign Announces Integration with Partner XE Agency Management System Business PR News
Earnings Release
- Sapiens Reports First Quarter 2018 Financial Results PR Newswire
New Feature Release
- Linedata launches enhanced fund accounting platform PressReleasePoint
Key People Movement
- Kirstin Marr Appointed to President of Valen Analytics Business Wire
Award
- IMGlobal.com Announced as Website of the Year PR Newswire