Friday, September 25, 2020
The Korea Insurance Development Institute (KIDI) announced on Wednesday, Sept. 16, its plans to develop an insurance product covering individuals and businesses of financial damages brought by the spread of infectious diseases. According to the agency, the product will come...
Startup insurer BIMA recently snagged $30 million in funding, which will be used to provide additional insurance and telemedicine services, said Tech Crunch. The improved services will be available on its mobile platform. The funding was obtained through a growth...
California legislature passed a mental parity bill last September 1, requiring insurance companies to cover mental conditions, addiction, along with medical care. The increase of the mental health coverage helps people to lessen out-of-pocket expenses from assessment, therapy, rehabilitation, and...
Following the closure of companies in Illinois, Chicago due to the pandemic, about 175,000 residents are expected to lose universal health coverage. An estimated 186,999 workers in the state have become unemployed since March, leaving them uninsured. Across the state,...
Denver, Colorado-based insurance software provider Vertafore is slated to be acquired by Roper Technologies for $5.35 billion. The company decision was announced on Thursday, August 13, 2020. The acquisition is reportedly the largest takeover deal in the firm’s history,...
Insurance technology firm Zego is collaborating with e-scooter company Ginger for the United Kingdom’s first trial of e-scooter rental legalization on UK roads, said Insurance Journal. The insurtech will be providing coverage for the 12-month trial. The UK government recently...
Amazon’s move to expand services globally debuts in India, as the company announced auto insurance products to cover two to four-wheelers in the country. On Tuesday, July 21, the company announced a partnership with insurtech company Acko General Insurance, to...
Digital insurance app Brolly was recently bought by Direct Line Group, said Tech Crunch. The transaction will be closed in the third quarter. No acquisition information has been disclosed as of yet. Direct Line Group marketing director Kerry Chives did...
Indian domestic low-cost carrier SpiceJet announces its insurance offering for passengers in light of the virus pandemic. The newest offering to SpiceJet passengers is done in partnership with Go Digit General Insurance Limited via the Digital Illness Group Insurance...
SoftBank Group Corp.-backed unicorn insurance startup Lemonade Inc. announced its price range increase ahead of its initial public offering (IPO) debut. From the initial price of $23 to $26 per share, the insurance firm is eyeing a selling price...

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