News In Brief: Latest Insurtech Funding Rounds

Latest funding in the insurtech sector;

Waterdrop Inc

Reuters is reporting that Chinese online insurance technology platform Waterdrop Inc has raised $230 million in a new funding round led by reinsurer Swiss Re (SRENH.S) and Chinese internet giant Tencent Holdings, it said on Thursday.

Waterdrop’s existing investors, including IDG Capital and Wisdom Choice Global Fund, also participated, it said in a statement.

Demex

The Demex Group, recently announced that it had raised $4.2 million in funding from investors Anthemis and IA Capital Group.

Demex Group develops tech and financial solutions to mitigate weather risks. The funds from the capital raising will be used to expand the Demex team and market their range of cover options for weather events and their impact on business, live events, agriculture, global freight etc.

Zensurance

Zensurance, based in Canada has raised Series B funding from Travelers, and is seeking to expand its range of online insurance products to business users. The platform is all about matching business owners in particular sectors with the right insurers, who can offer public indemnity, cyber, fleet etc depending on their needs.

Co-Pilot

CoPilot, announced director changes and extra funding last week;

“I am extremely excited to publicly share the news of Brett Hurt, Rob Chesney, and Tom Ball serving on the CoPilot board of directors,” said CoPilot CEO and founder Pat Ryan.

“They have successfully guided us through our private beta, during which we grew to over $500 million Annualized Gross Merchandise Volume. Now that we have launched CoPilot’s app to the public, their decades of hands-on experience in building, growing, and funding large technology and commerce businesses will help us bring our platform to everyone who shops for or owns a car. I am especially honored and appreciative that this is the only for-profit board of directors that Brett Hurt serves on outside of his own company, data.world. Having a legendary founder like Brett adds incredible insights and wisdom to our journey.”

The announcement of the addition of the three board members is on the heels of CoPilot publicly debuting its mobile app-enabled service today, designed to assist shoppers as they navigate high-value purchases, starting with the $1.2 trillion U.S. car market.

To fuel its growth, CoPilot also raised an additional $10 million in outside funding, bringing total outside investments to $17 million.

Claim Central

Claim Central Consolidated (Claim Central), a pioneer in claims fulfillment technology, is pleased to announce former WeGoLook executives Robin Roberson and Kenneth Knoll have joined the company as managing directors.

While a growing number of claims insurtech solutions are available today, adoption remains low. Claim Central provides industry-leading digital claims technology to insurance customers around the world, and recently built on the success of the ClaimLogik claims tracking suite by launching a technology and services marketplace to help carriers, independent adjusters (IAs), and third-party administrators (TPAs) access and operationalize modern claims handling practices.

From virtual inspections as a service at the time of loss via connected live-streaming tools, like LiveGenic, to self-managed repair solutions through the TradesPlus contractor network, ClaimLogik provides modular building blocks to improve tech and service accessibility for claims organizations of all sizes.

 

 

About alastair walker 4267 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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