Trading

Paris-based 'insurtech' startup secures Accel backing

Venture capital investors are allocating increasing amounts of money to help the $4.7 trillion insurance industry get digital

Shift Technology team (L-R) Eric Sibony, David Durrleman and Jeremy Jawish
Shift Technology team (L-R) Eric Sibony, David Durrleman and Jeremy Jawish Photo: Shift Technology

A Paris-based startup that helps insurers detect fraudulent claims has raised new venture capital funding, as investors allocate increasing amounts of money to help the $4.7 trillion insurance industry get digital.

Shift Technology announced on May 19 that it had raised $10 million in a round led by Accel Partners, with further participation from existing investors Elaia Partners and Iris Capital.

WSJ Logo
JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global ClienteleExternal link

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele