An extreme cyber incident that takes a top cloud provider offline in the US for 3 to 6 days would result in economic losses of $15 billion and up to $3 billion in insured losses, according to a Lloyd’s Jan. 23 press release.
California-based insurtech company Hippo has raised $25 million in Series B funding, led by Comcast Ventures and Fifth Wall, and other fintech investors.
Specialist tech insurer InMyBag is targeting £500,000 through crowdfunding as it launches an offering to replace gadgets.
Insurtech startup Marshmallow is fighting broker Marsh’s attempt to block the use of its name, according to a Jan. 18 press release.
Munich Re has partnered with California-based AI startup Betterview for the supply of drone imagery, analysis and reporting to Munich Re’s insurance company clients.
Insurtech firm Camatics has launched in the UK as a commercial motor underwriter.
InsurePal, a new peer-to-peer insurer raised £15 million ($18 million) in an Initial Coin Offering (ICO) to fund its UK motor launch in the first half of 2018.
Mike Brockman, the founding member of insurethebox has launched a new insurtech venture in London.
Australia’s QBE Insurance Group is introducing a drone insurance policy in response to the rapidly expanding drone market, according to a Jan. 16 press release.
Aioi Nissay Dowa Insurance Europe (the ANDIE Group), a unit of Tokyo-based MS&AD Group, plans to purchase the remaining 24.99 percent of shares of Box Innovation Group (BIGL), which includes the brands insurethebox and drive like a girl.