Press Release

What were the biggest InsurTech deals of 2022?

Despite a tough fundraising climate and a cool-off in investment since 2021 levels, InsurTech is still a thriving sector. Many companies closed significant deals last year.

January 26, 2023

Distribution deals crucial for Asia's growing insurance technology companies

The issuance reaffirms Carrot’s growth potential and strong investor confidence

January 3, 2023

Niche players top Asiainsurtech 2022fundraising charts

Insurtechs that have managed to carve out a niche within the insuranceindustry were some of the biggest fundraisers in Asia in 2022 even as ...

December 28, 2022

Digital Insurer Carrot Eyes Unicorn Club as It Raises US $250M & Boosts Its ...

The recent financing round is viewed as highly notable amid lackluster market performance of publicly traded insurtechs & global recession

September 8, 2022

A New App from Carrot Rewards Safe Drivers With Cash Incentives

Its advanced driving behavior analytics turn risky drivers into safe and loyal customers

June 8, 2022

Carrot Extends Aggressive Growth Track 1H 2022

InsurTech Carrot adds another 100k subscribers to its PAYD in two months The company welcomed more than 600 thousand drivers since inception two years ago

May 18, 2022

S. Korea’s Ministry of Land Appoints Carrot to Explore Potential Use of Drones for Local Government

Initiative will accelerate Carrot’s R&D for incorporating drones for robust emergency responses to accident & rescue scenes ...

May 19, 2022

InsurTech Carrot Enters Exclusive Partnership with Naver

Korea’s 1st full-stack digital insurer now partners with the largest e-commerce shopping platform to distribute shipping return insurance

May 18, 2022

Carrot Executes Series of Partnership with Government Authorities

The public-private alliance aims to construct data-driven systems around safety & mobility parameters

May 18, 2022

Carrot and Luxrobo Launch IoT Joint Venture

Internalization of IoT-telematics technology will drive Carrot to further expand applications of IoT across new insurance business opportunities

May 19, 2022

Carrot-led Claims Management Joint Venture Set To Disrupt The Industry Once Again

“Hero” to revolutionize accident reporting and claims experience for insurers and customers alike

March 23, 2022

InsurTech Carrot Distributes Distance-based Auto Insurance To More Than Half A Million Consumers

March 9, 2022

InsurTech Carrot Continues On Its Explosive Growth Trajectory With Written Policies Surpassing 400k Mark

Carrot’s unprecedented track record attracts interests from potential investors

December 24, 2021

South Korean Insurtech Carrot Launches Pay-Per-Mile Insurance Specifically Designed For Electric Vehicles

One of the world’s leading Insurtech from South Korea Carrot General Insurance Corp.

August 18, 2021

Insurtech Carrot Reaches Strategic Collaboration with Korea Expressway Corporation

Both parties agree to cooperate in R&D and implementation of the SMART Safe Driving Platform for the citizens.

August 25, 2021

Carrot Doubles Its Capital Through A Successful $90 Million Rights Offering

The issuance reaffirms Carrot’s growth potential and strong investor confidence

July 2, 2021