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Montreal-based insurtech startup Covera raises $1.5 million

October 19, 2017 by Canadian Underwriter

Covera Technologies Inc., a Montreal-based insurtech startup that uses technology to find its customers “optimal insurance rates every year,” has raised $1 million as part of its seed financing round led by Ferst Capital Partners, with participation from fintech “angel

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Worldwide wearable device sales to grow 16.7% in 2017 to 310.4 million units: Gartner

August 28, 2017 by Canadian Underwriter

Research and advisory company Gartner, Inc. is forecasting that 310.4 million wearable devices will be sold in 2017, a 16.7% increase from last year. Sales of wearable devices – including smartwatches, fitness trackers and other smart devices – will generate

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Slice launches “first on-demand insurance platform” for homeshare hosts in 13 states

June 1, 2017 by Canadian Underwriter

Slice Labs Inc., a technology company offering what it calls “the first on-demand insurance platform in the United States,” announced on Wednesday the launch of their homeshare insurance product in 13 states. Homeshare hosts in 13 states – California, Colorado,

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Self-driving car prototypes need less human help, data show

February 2, 2017 Justin Pritchard - THE ASSOCIATED PRESS

LOS ANGELES – Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public Wednesday by California transportation regulators. The data reflect safety-related incidents reported by

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Silicon Valley startup accelerator launches new insurance innovation platform

May 1, 2016 by Canadian Underwriter

The Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced that it has partnered with the world’s largest reinsurer – Munich Re – to create what it is calling the first ever accelerator program