Arthur J. Gallagher & Co. has announced that it has purchased the remaining shares of Edelweiss Gallagher Insurance Brokers Limited from Edelweiss Financial Services Limited, following a minority investment in 2019. Terms of the transaction were not disclosed. The deal is subject to approval by the Insurance Regulatory and Development Authority of India. Headquartered in…
Choice Group has launched a fintech aggregator platform — ISMOS offering life, health and general insurance. “With insurance penetration in India being just over 2%, the intuitive, interactive and tech-enabled platform with universal reach, offers comparable quotes from multiple insurance companies that would facilitate the customer or user to take a well-informed decision keeping his…
Health insurance startup ClaimBuddy has raised an undisclosed seed funding from Titan Capital and other investors like First Cheque, LV angel fund and individual angels. The startup plans to use the fresh funds raised to expand business in India and to invest in technology. “The investors’ belief in our vision will help streamline health insurance…
Health insurtech company Sidecar Health has raised $20 million in its most recent funding round. The company intends to save the U.S.A $1tn in healthcare costs annually by empowering consumers to shop around for health services using its Visa payment card and mobile app. The round was led by Cathay Innovation and joined by new…
The ongoing coronavirus pandemic has claimed more than 1,000 lives of people from all walks of life in India. The virus has become a major health crisis in the country with the Central government imposing nationwide lockdown to contain the virus. In times like these, the government has asked insurance companies to not reject any…
AI-based analytics provider startup Arturo, recently announced that it has reached its Series A goal of $8mn. The funding round was led by Crosslink Capital, a leading early-stage venture capital firm based in San Francisco. The round also saw participation from IAG Firemark Ventures, the venture capital fund for IAG, Australia’s largest general insurer. After…
New Delhi-based technology-enabled insurance grievance redressal platform, Insurance Samadhan has recently raised an undisclosed amount of seed funding from incubator and accelerator Venture Catalysts. It is understood that the company will use these funds to develop the technology stack and the product to scale operations. “This fundraiser would help us to develop our technological frame.…
Insurance aggregator Coverfox is a boat floating in hot waters. The firm’s Co-founder and Chief Technology Officer Devendra Rane had resigned from his position a month ago and now the company’s Chief Executive Officer Premanshu Singh has resigned due to uncertainty about the company’s future. According to a report by Entrackr, the company’s executives had…
Insur-tech startup Digit Insurance recently announced that it will raise $84mn in external funding. The investment will be made by growth equity investors A91 Partners, Faering Capital and TVS Capital. Digit has sought approval from the Insurance Regulatory and Development Authority of India to raise the sum. This is the first time the Bangalore-based startup…
Financial literacy is the education and understanding of various financial areas including topics related to managing personal finance, money and investing. It includes the knowledge of making appropriate decisions about personal finance such as investing, insurance, real estate, paying for college, budgeting, retirement and tax planning.
Imagine, you’re getting fired from your job and your employer pays you a hefty amount to sweeten the good bye. Wouldn’t it be an icing on the cake, if you are handed over sizable stock options as well? And when we say – sizable – it’s really sizable – maybe a few 10’s or 100’s…