Vienna-based InsurTech company hi.health has successfully raised €6m in its pre-Series A financing round. The funding comes in the wake of high investor interest, with notable existing investors such as SpeedInvest and Calm/Storm participating alongside new international investors Haymaker Ventures, Fin VC, and Nina Capital. This financing round marks a pivotal moment for hi.health as it seeks to scale its
In an exciting development for the insurance industry, Blink Parametric has agreed to a further three-year deal with Blue Cross, Canada’s most trusted insurance provider. This extended partnership signifies the strength of their collaboration and the significant growth they have experienced over the past five years. Implementation of Blink Parametric by Blue Cross Blue Cross proved to be a trailblazer
Janover Inc., a leading innovator in technology and marketplaces, has unveiled its latest venture, Janover Insurance Group. This insurtech subsidiary aims to disrupt the commercial property insurance industry through the application of generative AI and comprehensive data analysis. With an initial focus on multifamily and commercial property insurance, Janover Insurance Group plans to expand its services to include Small and
Alta Signa, a leading insurance company, has announced a new underwriting structure aimed at strengthening its regional expertise and expanding its insurance offerings across Europe. Currently, the company writes management liability, financial institutions, professional indemnity, cyber risk, financial crime, and marine insurance in seven European markets. With a strong focus on local knowledge and a presence on the ground in
Against a backdrop of unprecedented technological advancement, Zurich Insurance Group (Zurich) is launching the fifth edition of its global startup program, the Zurich Innovation Championship. This open innovation contest for startups in the insurance industry invites entrepreneurs from all across the globe to sign up for one of four categories: Commercial Insurance, Digital Simplification, Life & Health, and Retail P&C.
Janover Inc. (Nasdaq: JNVR), a leading AI-enabled platform for commercial real estate transactions, has announced the launch of Janover Insurance Group as its wholly owned subsidiary. This move marks a significant expansion for the company, allowing it to offer comprehensive, tech-first solutions to its commercial, multifamily, and small business entrepreneur customers. Janover Insurance Group aims to transform the landscape of
In a legal battle that highlights the alleged age discrimination within Major League Baseball (MLB), two scouts for the Detroit Tigers have filed a lawsuit accusing the team of intentionally pushing out older scouts and favoring younger ones, in violation of the Age Discrimination in Employment Act. The plaintiffs, aged 68 and 67, had each dedicated over 20 years of
Insurance technology startup Riskcovry has successfully secured approximately $4.5 million in a bridge round of funding, with leading Dubai-based business-to-business (B2B) fund Morphosis Venture Capital taking the lead. This funding round aims to support Riskcovry in its journey towards profitability and eventually close its Series B round. With a strong commitment to growth, Riskcovry intends to achieve a remarkable five-fold
The rapid adoption of robotic systems by companies has revolutionized operations, enabling enhanced efficiency and cost-effectiveness. However, in the pursuit of automation, it is crucial for organizations to ensure that these systems comply with employment laws and regulations. This article explores how AI algorithms can be leveraged to analyze, interpret, and implement employment laws, thus ensuring compliance and mitigating legal
Howden, a global insurance broker, has recently announced its acquisition of Arctic Insurance AS, a rapidly growing Norwegian insurance broker. This strategic move reflects Howden’s ambition to enhance its presence in the Nordic region and further expand its international footprint. Enhancing Presence in the Nordic Region With the acquisition of Arctic Insurance, Howden aims to strengthen its position in the
SpaceX, the renowned aerospace company founded by Elon Musk, has recently filed a lawsuit against the National Labor Relations Board (NLRB) in a Texas federal court. The legal action is in response to an unfair labor practice charge filed against SpaceX in 2022, which the company claims subjected them to an unconstitutional administrative hearing. This article delves into the background
In a move that demonstrates its commitment to offering comprehensive cybersecurity solutions, leading cyber insurance provider Cowbell has announced the extension of its cyber insurance solutions to mid-market businesses. Previously catering exclusively to small and medium-sized enterprises (SMEs), Cowbell’s market-leading cyber insurance policy will now benefit mid-market organizations with an annual turnover of up to £1 billion. This expansion ensures
