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As companies grow they expose more of themselves online and become harder to defend in terms of cybersecurity. One report estimates that 30%-40% of a company’s IT infrastructure isn’t even known about by the security team. So startups have appeared with an ‘offensive’ profile in order to similate c…

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Bangalore-based Pazcare, an employee benefits and insurtech platform, raises $8.2M

Pazcare, a Bangalore-based employee benefits and insurtech platform, announced today it has raised $8.2 million led by Jafco Asia, bringing its valuation to $48 million. The funding also included participation from returning investors 3One4 Capital and BEENEXT. Pazcare currently offers health, term…

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Armed with experience, insurtech MGAs are paving the way for insurtech 2.0

As we enter “insurtech 2.0,” the lessons learned are becoming the new best practices, and nowhere is this more evident than at the startups building an MGA (a managing general agent.)

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COVID was the best thing for Kitty, as insurance apps for pets boom

Pet app and insurance provider Lassie has today closed an €11 million Series A round led by Felix Capital.

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Texas exposed 1.8 million residents’ data for almost 3 years

A bug in the department's website exposed personal information to the wider internet.

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Amex Ventures bets $5M on Trellis, which wants to make switching insurance providers easier

How many people have stuck with the same auto insurance provider because the process of finding a new one feels overwhelming and painful? A lot. It’s no surprise then that a number of startups have emerged over the years to help consumers tackle this challenge in one way or another, including The Z…

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To win insurtech 2.0, focus on underwriting before growth

Focusing on customer experience on the front end leads to rapid growth indeed, but failing to focus on underwriting on the back end can lead to a very large number of claims, very quickly.

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Faye hopes to do for travel insurance what Lemonade did for general insurance

While (former) startups like Lemonade came along to attack the tired world of insurance, the travel insurance market is now coming in for the same treatment from the likes of Safetywing (covered by TC here) and Battleface. In an ideal world, travel insurance would be easier to understand, would pay…

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Bookaway books $35M to scale up its ground transportation booking platform

Travel and tourism are coming back online in the wake of Covid-19 restrictions getting relaxed, and today a startup tackling one part of the equation for getting from home to one’s destination is announcing some funding to capitalize on that. Bookaway, which has built a platform for people to…

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Snapchat officially introduces its paid subscription at $3.99 per month

Snapchat officially launched its paid subscription plan called Snapchat+ today that will offer exclusive features like the ability to change the app icon and being able to see which people have rewatched your Stories. Earlier this month, the firm confirmed that it’s testing this feature witho…

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Hyundai reveals the IONIQ 6 EV sedan, the eagerly-anticipated follow-up to its IONIQ 5

Hyundai previewed the IONIQ 6 sedan Wednesday, the heavily-anticipated followup to the brand’s popular first battery-electric model, the IONIQ 5 SUV. The automaker won’t announce details such as the IONIQ 6’s price range, and production run size until the vehicle’s world pre…

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