Insurance

As a result of this latest round of financing, the insurance startup now has an impressive valuation of $1.75 billion, according to The Wall Street Journal.

This sharing willingness varies by device used, ranging from 42% of digital pedometer owners to only 26% of those with a sleep-quality monitor.

Using the app, plan participants are able to access important health information on their iPhones and Android devices while on the go.

Customers are able to take a picture of their claim and submit it to begin processing it; the process is faster and is on average completed within four minutes.

MassMutual Ventures and AXA Strategic Ventures led the funding round, with participation from the series seed lead investor LaunchPad Digital Health.

The company is cash flow positive and will use the funds to expand operations and accelerate the development of related consumer decision support products.

The company makes it easier for freelancers and independent contractors, who make up one third of the U.S. labor force, to find the right insurance for them.

63% of survey respondents believe that wearable technologies will be adopted broadly by the insurance industry within the next two years.

The new capital will allow Oscar to expand its operations, develop new products and extend plans to new members across the country.

The feature pinpoints a user's location and pulls up the profiles and contact information of recommended health and life insurance agents in that area.