A different style Sø.Nws today.
Less chat, more headlines.
Investments: Singapore Life – Singapore’s fastest growing life insurer are set to grow a little faster. Following on from the $20m they received earlier in the month, Aberdeen Standard Investments ploughs in $13m. The plan is to spend the money expanding across Southeast Asia.
Hyperscience – the New York/Bulgarian machine learning company that turns readable data into machine readable data, secures $30m Series B led by Stripes Group. If you want to reduce your data-entry backlog, or cut out the human requirement, check them out. Ironically the investment is intended to help Hyperscience grow their team.
Clearcover – based out of my favourite city in the world (Chicago, if you were wondering), Clearcover raised another $43m to expand to other states and double its staff.
AXA Venture Partners – back in 2015 they raised $110m. Earlier this week they announced a further $150m fund for pre and early-revenue tech and insurtech companies focused on insurance.
Partnerships: AXA & Impact Hub – on first read it’s the usual angel accelerator proposition: financial support to early stage businesses. This one however, is supporting businesses founded by, or have significant impact on, women. Read: Angels For Women
SBI Holdings & wefox – starting in Japan, SBI have signed an exclusive agreement with wefox to engage with insurance sales and consultation businesses in East and Southeast Asia. If you don’t know wefox, you should take a look. They’re a German concierge platform; the app works as an online marketplace, allowing customers, brokers, and insurtech companies to digitally manage their insurance products.
New product launches: Policygenius – the New York based comparison site, is now offering home and auto insurance. Their USP? The fact they combine digital with human. Hmmm.
Equian – these guys are all about payment integrity; making sure the right money is going to the right place. And they’ve just launched EquianAI which has been built specifically for the P&C subrogation market. If this is your space, check them out. They’ve quite literally employed all the buzzwords and developed a serious bit of kit delivering some great results already.
Other: Setoo – pronounced ‘c’est tout’, the UK (just to confuse things) startup has just landed their first client – Invia Flights Germany. Backed by Kamet last year with an €8m Series A, Setoo creates tailor-made insurance and protection products for B2C businesses.
A big thanks to all the Sønr Insiders for your continued investment and feedback on the 2019 roadmap features. I cannot wait til we start rolling some of this stuff out.
We’re heading to China (Shanghai, Hangzhou and Beijing) early March. Any contacts or friends you have out there, please send them my way. I’d love to connect with more people. Especially if they can recommend some great spots to eat (or, failing that, tech businesses to meet).
Finally, looks like we’ll be publishing the Insurtech 100 in April/May time. If you think you should be included, hit me up.
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