Insurtech weekly: Dacadoo; Sproutt; Rein; Greater Than

17 December 2019

Swiss health insurtech secures $71.4m in funding

Who's involved: Swiss health insurtech dacadoo

What's happening: dacadoo has completed its C funding round and raised a total of CHF 70m ($71.4m) so far.

Significance of development:  dacadoo, which develops technology offerings for health risk quantification, said the funding will help drive its global growth strategy.

 

Insurtech Sproutt raises $12m for AI-platform

Who's involved: Israeli insurtech Sproutt Insurance, and investors State of Mind Ventures (SMOV) Moneta Capital and Guardian Life.

What's happening: Sproutt has raised $12m in series A financing from SMOV, Moneta Capital and Guardian Life.

Significance of development:  The funding will help Sproutt’s use of data and artificial intelligence across the insurance value chain.

 

Volvo Financial Services invests in insurtech

Who's involved: Volvo Financial Services, the global captive finance arm of the Volvo Group and insurtech start-up Rein.

What's happening: Volvo Financial Services (VFS) has made an undisclosed investment in Rein.

Significance of development: The investment has been made to deploy “the next generation of connected insurance services” to the commercial transport industry. VFS Innovation Ventures, a newly formed entity within VFS, has joined the REIN investor group through its strategic investment in the company. 

 

Insurtech partners with New Zealand Automobile Association

Who's involved: Insurtech firm Greater Than and automobile organisation AA New Zealand.

What's happening: Greater Than and AA New Zealand have formed a partnership.

Significance of development:  The partnership aims to develop safe driving by using Greater Than's artificial intelligence insurtech platform Enerfy to gain real-time insight on risk.

The Enerfy solution will initially be offered to AA's fleet customers with the aim of embedding it in their current and future operations.