Igloo sees 50% increase in valuation since Series B+round in 2022 and is aims to achieve profitability by 2024.
Through its new innovation hub, Howden aims to fast-track insurance product development, with capacity to be provided by Lloyd's underwriters such as Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets.
InsuranceDekho secures US$60m in new funding round, with new investors including Mitsubishi UFJ Financial Group and BNP Paribas.
The round brings total funding for the insurtech to nearly US$40m, as it aims to scale its SME-focused, subscription-based healthcare insurance offering.
The record for the largest ever Series B round for an insurer reaches US$246m, courtesy of a US$50M investment by the impact investment firm.
The Hong Kong insurtech raised US$34.9m led by Sun Life Hong Kong Limited and with participation from Mitsui & Co.
The digital broker plans to use the capital injection on technology and expansion.
The company said it plans to use the funds to expand across Asian markets and improve its product offerings and technology capabilities.
The investment aims to promote the advancement of blockchain technology and to streamline the proces of digital asset legalisation.
New approaches to assessing risk could drive growth and offer better protection.