$250 million Series D for Next Insurance, HSB extends cyber partnership: Roundup
September 25, 2020 3:39 AM
Flueid, insurtech focusing on title and mortgage insurance, has announced Ryan Jaeger as its new CIO. Prior to joining Flueid, Jaeger served as SVP, Systems Engineering and Information Security with Xome. Peter Bowman, CEO of Flueid shared, “Ryan shares Flueid’s commitment to providing a superior customer experience through the use of innovative technology solutions that will benefit customers facing a continuously evolving information and data security landscape.
Next Insurance, insurtech offering small business insurance, announced Series D financing of $250 million led by CapitalG Alphabet's independent growth fund, with participation from FinTLV, a global leading insurtech VC, and existing investor Munich RE Group. With the new funding, Next Insurance has now raised $631 million. It says that it plans to hire more than 200 new employees over the next year and a half at offices in Palo Alto, Austin and Israel. It reports more than 100,000 customers in all 50 states.
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Cyberwrite, cyber risk analytics firm, and HSB insurance have renewed their partnership, which HSB uses to power its cyber insurance products. Cyberwrite's platform helps businesses globally to quantify the potential damages of cyber risks and provides recommendations for mitigation before they materialize. Based off proprietary AI and machine learning algorithms, the platform also enables insurance carriers to underwrite cyber insurance policies in real-time and manage risk aggregation and accumulation. Cyberwrite has been a great partner to work with and they have a solid understanding of the cyber risks that all businesses face in today's world. Their platform helps us to quantify and manage our cyber risks across HSB's portfolio of customers,” says Steve McWilliams, Cyber Risk Services Manager at HSB.
EasySend, a no-code AI-powered platform, has raised $16 million for its platform. The company says the COVID-19 pandemic has spurred financial services and insurance companiesto digitize their operations rapidly. Tal Daskal, EasySend CEO and co-founder claims, "Our no-code platform is uniquely positioned to make this digital transition easier for enterprises from a wide range of industries – especially insurance and financial services – enabling them to create new digital products efficiently and effectively while boosting and creating digital opportunities which not only save on development and maintenance costs, but also drive revenue growth."
Safe-Guard Products International, a third-party warranty provider for automotive, RV, marine and powersports industries, has appointed Michelle Stewart as Chief Information Security Officer. Kaizer Siraj, Chief Information Officer of Safe-Guard shared "Michelle's deep experience within information security across multiple industries will prove to be a big asset to help us continue to secure our data. We're excited to have Michelle as a part of our team as we continue to build the technology and infrastructure to serve and protect our clients' and dealer's business.”