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Why the insurance industry is ripe for digital disruption

by: Startacus Admin ~ 11th March 2021
  Callum Rimmer, founder and CEO, By Bits shares his thoughts on why the insurance market needs to change - for the benefit of both insurers and customers alike The last 12 months have seen a massive reduction in travel and, as a result, highlighted the urgent need for the insurance industry to follow in the footsteps of retail banking and provide consumers with a much more dynamic and enga...
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Eusoh announces $1.3M raise

by: Startacus Admin ~ 1st February 2021
Innovative startup Eusoh reveals it has successfully closed a $1.3M round led by Insurtech Gateway alongside Sure Ventures 2021 is set to be a fab year for Eusoh with the news that they have secured major funding to assist with their further growth and development. Eusoh was founded in 2017 by Allen Kamrava, M.D., MBA with a vision for organizing the power of community to provide a better, mo...
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B2B insurtech BondAval secures major funding

by: Startacus Admin ~ 26th January 2021
BondAval secures $1.64 Million Pre-Seed funding to help accelerate its product roll-out, further develop its machine-learning technology and expand its team Fantastic news for B2B insurtech BondAval as it announces it has secured $1.64 million in seed financing led by Insurtech Gateway alongside True Sight Partners and prominent angel investors such as Carlos Gonzalez-Cadenas (formerly COO of G...
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Launch of By Bits - the motor insurance platform putting customers first

by: Startacus Admin ~ 25th January 2021
By Bits enables insurance firms to transform customer experience and meet the growing demand for usage-based insurance Innovation news in the motor insurance industry today with the launch of By Bits, a new technology platform  aiming to transform the customer experience and bring fair and transparent pricing to drivers.  The new platform enables motor insurance providers to create i...
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Insurtech startup, Nayms Closes £1.5m seed round

by: Startacus Admin ~ 15th January 2021
Major seed investment secured by the innovative Insurtech startup Nayms to assist with developing further pilot programs and building its customer base Fantastic news to start the year for Insurtech startup Nayms. The innovative startup has closed a £1.5m seed round led by XBTO, alongside other top investors across insurance, capital markets and crypto including Coinbase Ventures, Maven11...
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Insurtech Gateway Panel event - Could insurtech unlock your business?

by: Startacus Admin ~ 1st December 2020
Could insurtech unlock your business? Insights from our panel event with Insurtech Gateway on how re-framing your business as an insurtech could unlock your business' true potential The UK’s insurance sector has seen huge growth in recent years and more and more innovative startups are emerging in the insurtech space. What is particularly exciting however is the potential that insurtech o...
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Caura adds mobile-first motor insurance product to all-in-one car management app

by: Startacus Admin ~ 23rd November 2020
The innovative car management app, Caura releases a new insurance product to help reduce the cost and time taken to insure a car Managing your car insurance just became a whole lot easier thanks to Caura, the car management app for every drivers’ needs. It has just launched Caura Protect - a new insurance product that significantly reduces the cost and time taken to insure a car. Now, Cau...
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Laka - collective insurance for cyclists

by: Startacus Admin ~ 5th July 2020
The insurance that's powered by the cycling community...  No one can surely be a big fan of insurance companies? They are generally thought of the world over as the soulless entities you must pledge money to in return for the vague idea that if anything should happen, you might possibly be somewhat protected from having to pay even more for repairs... But insurance does work, and ...
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NI InsurTech Bluesona forms strategic partnership with Bosch

by: Startacus Admin ~ 11th June 2020
Bluesona and Bosch form strategic partnership to tackle the problem of distracted driving caused by mobile device usage Great news today for Northern Ireland based InsurTech company Bluesona which has just announced a new strategic partnership with German firm Bosch Connected Devices and Solutions (BCDS). BCDS is a fully owned subsidiary of Robert Bosch GmbH and is a globally leading sensor-dev...
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By Miles raises £15m in Series B funding round

by: Startacus Admin ~ 22nd May 2020
Major investment for innovative InsurTech company, By Miles Good news for By Miles, the UK’s first real-time pay-by-mile car insurance provider, that has successfully raised £15m in a Series B funding round led by CommerzVentures. Existing By Miles investors Octopus Ventures, Insurtech Gateway and JamJar investments also continued their support committing further investment.The insu...
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