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.
