Spain-based insurtech firm, Elma, successfully raised $3.2 million in the recently concluded Series A funding round. The round was led by Mangrove Capital.
Apart from Mangrove Capital, the insurtech business garnered the support of other investors in the industry. These...
US-based crypto exchange Bittrex announced Wednesday, Jan 29, that it has secured $300 million in digital asset insurance to protect the cryptocurrency assets held in its cold storage system.
In a blog post, the blockchain technology and cryptocurrency exchange said...
United Kingdom-based insurance firm By Miles recently announced the launch of its “connected car” feature to cover drivers of Tesla vehicles. TechCrunch reported that this new product will be pay-by-mile using real-time mileage information from the Tesla car itself.
The...
The Philippines’ Government Service Insurance System (GSIS) is currently working to ensure government assets in calamity-prone coastal areas. The state-owned institution will be accepting bids for this ₱2-billion project, reported INQUIRER.net.
GSIS chair and acting president Rolando L. Macasaet and...
The recent attacks on two tankers in near the Persian Gulf surges the price of insurance premiums for ships passing by the Middle East. The attacks also caused the cost of transporting oil from the Middle East to balloon.
Records...
Victims of the rain swamps in Townsville are still fighting to get insurance money after the disaster earlier this year. According to 9News, claims of Townsville residents and commercial property owners remain to be under evaluation. These claims amount...
Specialist insurance group Beazley rebrands its accident and health unit to Beazley Benefits to make the company meaningful for investors and customers.
Part of the rebranding initiative came from the management’s idea of providing solutions and value to their customers....
Last October 4, 2019, Friday, President Donald Trump signed a proclamation requiring immigrant visas applications from being approved unless individuals can prove their ability to pay for health insurance. Individuals who fail to uphold this requirement will be denied...
Startup company Lemonade announced its expansion plans to Germany. The company launches its services in Europe prior to its IPO.
According to a report by Insurance Journal, the New York-based company has started offering its cover services to the public....
President Donald Trump will be eliminating the fees and penalties linked to Health Reimbursement Arrangement (HRA) and expand health insurance of Americans starting in January 2020.
Before Obamacare, employers used to provide a cash contribution to help employees get their...
