Your Daily InsurTech Briefing – 2024-06-22

June 22, 2024
1 min read

Let’s see what’s in the news today.

How everybody wins in a digitized insurance market

The transformative shift to digitization enhances efficiency and collaboration for commercial lines insurance.

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Insurtech startup Kenko Health stares at shutdown: What went wrong?

Insurtech startup Kenko Health is facing closure due to a shareholder battle and funding issues. The company, backed by Peak XV Partners and Orios Venture Partners, struggled to raise capital from the Hero Group, leading to a stalemate. With no immediate funding prospects, the $39.7 million-valued firm is on the verge of shutdown, impacting its workforce and operations.

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GradGuard launches expanded renters insurance program for Rhode Island students

GradGuard has expanded its renters insurance program to include students coverage in Rhode Island.

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Vantage Risk introduces U.S. primary cyber insurance

Vantage, a prominent insurance provider, has unveiled it is underwriting U.S. primary cyber insurance through its U.S. insurance subsidiaries, offering up to $10m in capacity.

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Anterior nets $20m to accelerate health insurance approvals

Anterior, an InsurTech which specialises in leveraging AI to accelerate health insurance approvals, has finalised a $20m Series A round.

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