<div>
  <ul>
    <li>
      <p>
        Insurify, a comparison site for auto, home, and life insurance, acquired Inspop USA, LLC and its subsidiary, Compare.com, a similar comparison site for auto, home, and health insurance, from Admiral Group for an undisclosed amount.
      </p>
    </li>
    <li>
      <p>
        Through the acquisition, Insurify aims to realize the benefits of the respective brands, platforms, and operations and build on its complementary products to strengthen its market position. It will also continue to maintain the Compare.com brand.
      </p>
    </li>
    <li>
      <p>
        Admiral Group will retain a minority stake in Insurify and will continue to serve as a strategic shareholder.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://finance.yahoo.com/news/insurify-completes-acquisition-compare-com-130000004.html">
      Company press release
    </a>
  </p>
  <p>
    <a href="https://coverager.com/insurify-completes-acquisition-of-compare-com/">
      Coverager
    </a>
  </p>
  <p>
  </p>
</div>


InsurTech: Personal Lines

Insurify acquires Inspop USA, LLC and subsidiary Compare.com for undisclosed amount

PROMINENT_CATEGORY

<div>
 
 <p>Slide, a digital homeowners insurance provider, has implemented One Inc.'s digital payments solutions. This initiative is designed to provide their customers with an improved, instant digital payments experience.</p>
 <p>With the introduction of ClaimsPay, policyholders at Slide have the option of selecting their preferred method of receiving claim payments. They can choose from traditional direct deposits or widely-used platforms such as PayPal, Venmo, and Zelle. Plus, ClaimsPay enhances lien holder approval and payment processing speed, cutting down the time frame from several weeks to mere days by eliminating manual check handling.</p>
 
</div>

Slide Insurance deploys One Inc.'s digital payments solutions for homeowners

<div>
 
 <p>French embedded insurance provider, Neat, has successfully raised EUR 50 million, which is approximately USD 55 million, in a Series A funding round. The funding round was led by Hedosophia, a private company, along with other investors such as Alma Mundi Ventures, ETFS, Athletico Ventures including the participation from existing investors. Interestingly, the funding that Neat has received consists of 60% equity and 40% debt.</p>
 <p>While there is speculation that the funding will be used to enhance the development of Neat's insurance platform and expand its partnerships, it is important to note that the articles did not reveal specific information regarding the allocation of the funds.</p>
 <p>Neat was established in the year 2019 and is an InsurTech company based in France. The company operates as a managing general agent (MGA) and is renowned for specializing in provision of affinity insurance solutions. The company has been working in collaboration with well-known insurers in order to provide services to ecommerce and retail businesses. An intriguing aspect of Neat is its white-label platform, which facilitates merchants to incorporate insurance products into their digital and physical sales channels.</p>
 
</div>

Neat raises EUR 50 million in Series A funding to expand insurance platform

INCUMBENTS_PRESENT

<div>

 <p>Trupanion launched its pet insurance product in Germany and Switzerland in 2022, after making a debut in Europe. It offers lifetime coverage for pets, including unexpected accidents and illnesses and also covers congenital and hereditary conditions. Trupanion aims to revolutionize claims processing by paying veterinarians directly through its patented technology.</p>  
 <p>The firm's expansion is part of its growth strategy to leverage Continental Europe's growth potential, influenced by the region's low pet insurance penetration rates.</p>

</div>

Trupanion launches pet insurance in Germany and Switzerland

<div>
 
 <p>Sigo Seguros, an auto insurance company aimed at immigrant and lower-income communities, has secured USD 10.5 million in a Series A funding round. Notable investors include Varco Capital and Listen. Other contributors to this round were Angeles Ventures, Flintlock Capital, Zeal Capital, Rise of the Rest, and Fiat Ventures. This funding round brings the total investment in Sigo Seguros to USD 22.6 million.</p>
 <p>Sigo Seguros intends to use these funds to expand their market to Florida and California, adding to their current operations in Texas.</p>
 
</div>

Sigo Seguros raises USD 10.5 million in Series A funding for expansion

ANALYST_QUICK_TAKE

<div>
 
 <p>APOLLO Insurance, a Canadian digital insurance provider, has grown its relationship with Payquad Solutions, a property management software company. The objective is to incorporate tenant insurance into Payquad's workflows, granting renters with immediate access to insurance within the property management platform. The collaboration will streamline insurance transactions, automate compliance, and offer real-time tracking and alerts for property managers.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> APOLLO is actively collaborating with property management companies and REITs to provide embedded renters insurance, aiming to expand their market reach and share rapidly. This is APOLLO's fifth partnership since June of this year. Previous collaborations include Rhapsody, Dream Partner, Century Group, and Peterson Rental.</p>

APOLLO and Payquad Solutions expand partnership for embedded digital tenant insurance

<div>
 
 <p>Bikmo, a UK-based specialist bike insurer, has entered into a three-year partnership with the Association of Cycle Traders (ACT). The objective of this partnership is to provide specially designed commercial insurance solutions.</p>
 <p>The insurance products are meant for ACT's 4,000 member businesses. These businesses comprise of retailers, manufacturers, suppliers, and hire centers.</p>
 
</div>

Bikmo to offer members of Association of Cycle Traders commercial insurance services

<div>
 
 <p>Root Insurance, an automobile insurance provider that operates on a usage basis, has teamed up with Goosehead Insurance, a personal lines insurance agency. The partnership aims to improve the process of insurance sales for agents.</p>
 <p>The partnership sees the integration of Root's insurance products with Goosehead's Quote to Issue (QTI) platform. The aim is to foster increased efficiency, with policy sale times being reduced by over half due to this deep integration.</p>
 <p>This collaboration is centred around simplifying the distribution process involved in insurance sales. Agents are enabled to quickly access bindable quotes, and the steps of the application process, coverage customization, and payment, are streamlined.</p>
 
</div>

Root Insurance partners with Goosehead Insurance to streamline insurance sales for agents

<div>
 
 <p>Digital auto insurer, Clearcover, has partnered with ServiceUp, an automotive repairs technology company. This partnership aims at enhancing the car repair experience related to insurance claims.</p>
 <p>The alliance allows Clearcover's policyholders to conveniently schedule and receive necessary car repairs without leaving their homes by using ServiceUp's mobile platform that offers pick-up and delivery services.</p>
 <p>The company stated that the integration has yielded significant benefits, which includes a decrease in cycle times by 30% and over 20 hours saved weekly per adjuster. These improvements have greatly increased overall claims efficiency and customer satisfaction.</p>
 
</div>

Clearcover partners with ServiceUp to streamline insured car repair process

<div>

 <p>APOLLO Insurance, a Canadian-based digital insurance company, has teamed up with Petsecure to provide pet insurance to its customers. With the rising pet ownership rates in Canada, this partnership allows APOLLO to include pet insurance in their roster of services. This means that alongside APOLLO's main tenant insurance, customers will now have access to Petsecure's insurance coverage that caters to various veterinary needs such as diagnostics, X-rays, hospitalization, surgery, and medication.</p>
 <p>Through APOLLO's digital platform, this alliance seeks to make pet insurance more readily available to Canadian families. It aims to aid pet owners in coping with unpredictable veterinary costs, thereby promoting the investment in the health and wellness of their pets.</p>

</div>

APOLLO Insurance partners with Petsecure to offer pet insurance

<div>
 
 <p>Canadian insurance comparison platform, YouSet, has secured CAD 3.5 million (USD 2.6 million) in seed funding from a mix of existing and new investors  including Don Fox, Neil Mitchell, Joe Canavan, Nicolas Bouchard, Jim Texier, Phil Gibson, and Dan Robichaud.</p>
 <p>The new funding aims to support YouSet's expansion plans, increasing sales via its wide network of over 50 distribution partners, and expanding its current workforce from 20.</p>
 <p>Launched in 2017, YouSet provides a platform for users to compare insurance rates from notable insurers within minutes. The company suggests its users can enjoy significant savings, close to 30% on average and permit customers to amalgamate home and auto insurance policies from disparate providers.</p>

</div>

All Updates

Insurify acquires Inspop USA, LLC and subsidiary Compare.com for undisclosed amount

Slide Insurance deploys One Inc.'s digital payments solutions for homeowners

Neat raises EUR 50 million in Series A funding to expand insurance platform

Trupanion launches pet insurance in Germany and Switzerland

Sigo Seguros raises USD 10.5 million in Series A funding for expansion

APOLLO and Payquad Solutions expand partnership for embedded digital tenant insurance

Bikmo to offer members of Association of Cycle Traders commercial insurance services

Root Insurance partners with Goosehead Insurance to streamline insurance sales for agents

Clearcover partners with ServiceUp to streamline insured car repair process

APOLLO Insurance partners with Petsecure to offer pet insurance

YouSet raises CAD 3.5 million in seed funding to expand operations

InsurTech: Personal Lines

Insurify acquires Inspop USA, LLC and subsidiary Compare.com for undisclosed amount

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