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McKinsey : How the coronavirus could change US personal auto insurance
Executive summary : The COVID-19 pandemic could cause structural changes. Understanding the range of scenarios can help carriers plan for an uncertain future. The COVID-19 ...
How auto insurance can adapt to changing risks
Article Synopsis : Travelers public policy division The Travelers Institute has released a white paper called Insuring Autonomy: How auto insurance can adapt to changing risks, ...
Pay-per-mile car insurance company Metromile raises $90 million to automate the claims process
Metromile, a well know usage-based car insurance startups has raised $90mn in a series E funding co-led by Tokio Marine Holdings and Intact Financial. Metromile allows driver...
Insurer Beazley to launch blockchain registry with Bitfury, Lloyd’s broker and Emericon
Insurer Beazley has partnered with Risk Cooperative, an insurance broker which supports Lloyd’s London programs; in addition to Bitfury Group which is a blockchain tech...
MetLife partners with AXA telemedicine platform
Metlife and AXA have partnered to develop a teleconsultation service proposition to all employees in the US who are travelling overseas.
InsureTech Connect & TDI 2020 Innovation awards and China Ecosystems
View Session Recordings Watch InsurTech Innovation Awards Watch Ecosystems in China webinar Watch Insurer Innovation Awards Congratulations to Winners Event Statistics ...
Hudson Structured Capital Management Ltd. Expands in Insu...
New study from Bindable says independent agents must go d...
BOSTON (PRWEB) DECEMBER 10, 2020 The insurance landscape is evolving with digital processes and purchasing offerings becoming the gold standard...
Insureon Offers Its Quoting and Rating Technology Brokera...
The agency/program manager says the cloud-based Insureon Accelerate product will help expand revenue opportunities in the small business insurance space.
AI-driven auto insurer Loop secures $3.25m seed investment
Loop, a B-Corp auto insurance MGA, has raised $3.25m in seed funding led by venture capital firm Freestyle VC.
Briza announces James C. Riviezzo as Head of Business Dev...
James will focus his efforts on expanding relationships with insurance carriers, MGAs and brokerage partners seeking to develop digital distribution solutions for commercial ins...
Pacific Life deploys Life.io to transform digital custome...
Life.io’s digital solution suite delivers an enhanced client and advisor experience Pacific Life, a leading financial services company, has partnered...
Nayya raises $11 million in Series A
Nayya leverages billions of datasets across the healthcare and insurance industries to eliminate the complexity of benefits selection and help consumers choose and utilize the r...
Harness reaches $1.7 billion valuation with $115 million ...
With a total of $195 million in financing to date, Harness will use the funding to grow its engineering team, support global expansion plans, and extend its software delivery pl...
Saga Partners with Sollers Consulting on Digital Self-Ser...
Based on Guidewire CustomerEngage, the portal was created using a mobile-first approach, and under remote project conditions, owing to the pandemic.
Rho Technologies raises $15 million in Series A
The company will use the proceeds to further expand their team-oriented commercial banking platform, starting with the launch of their integrated accounts payable platform.
Amica partners with HOVER and CoreLogic for underwriting ...
Amica leverages complete data package from HOVER and CoreLogic Digital Hub Alliance to streamline workflow and save costs with "DIY" process
Going High-Tech to Address Challenges and Deliver Streaml...
The two companies will work together to digitize insurance claims and ... This
unique digital alliance enables agents to use the data growers are already ...
Employee Navigator raises $34 million
The company began licensing its benefits and HR products to insurance brokers in 2012 and has expanded its offerings to partner with insurance carriers, payroll companies, and T...
TechAssure to offer CyberCube’s Broking Manager to ...
TechAssure, a global network for insurance brokers specializing in ... clients on
potential sources of loss, relevant cyber events, and peer-to-peer benchmarking.
Blend raises $300 million
The capital will be used to fuel Blend's next phase of growth and support investment in the products and services "that matter most" to financial institutions.
Builders Mutual Insurance Selects Duck Creek Suite OnDemand
Seeking to increase speed-to-market and operational agility, the construction industry-focused commercial insurer cites modern technology, and the alignment of company values an...
Cigna: Take a holistic approach to benefits to reap the b...
Plan providers can improve their cost ratios, product engagement and members’ health outcomes by offering combined and comprehensive benefits, suggests a new Cigna study
Insureon launches Insureon Accelerate
The new offering enables brokers and agents to access national carriers via a streamlined quote submission process.
One80 Intermediaries swoops on Commercial Insurance Group
Boston-headquartered insurance aggregator One80 Intermediaries has acquired Commercial Insurance Group (CIG) for an undisclosed amount.
Curve raises $95 million as it plans US launch
Since its inception in 2015, the company has raised ~$175 million.
Cogitate Hires Keith Lewis as Vice President of Sales
Google’s Insurance Strategy Could Be a Game Changer...
Google's newest insurance initiative, a cloud-based SaaS (Software-as-a-Service
) data and analytics platform for insurers and reinsurers, is revolutionary in its ...
USI Insurance Services Acquires Venneberg Insurance
All of the agency's employees, including Mike Venneberg, owner and principal,
will be joining USI. Terms of the transaction were not disclosed. Recommended
AI ...
Flow launches flood comparative rater
FlowRater is both a private residential and a commercial flood comparative rater.
AmFam-backed Neat closes $22.5 million Series B round
Founded in 2015, Neat Capital offers a lending platform that provides clients with visibility, educational resources, and control over their financial data along the way. That b...
Ex-Ameriprise advisor launches special-needs focused indi...
Advisors may sometimes overlook clients with special needs, despite the size of the community and available tools like ABLE Accounts.
The strength (and the message) of startups – Insura...
Despite Covid, startups continue to grow by showing a responsiveness and innovation that large companies should be inspired by. Like insurance carriers, whose main source of pro...
ReSource Pro Acquires 2 Insurance Consulting Firms: Strat...
Insurance operations, analytics and process services firm ReSource Pro said it has acquired two strategic advisory and management consulting firms focused
Visa and Plaid announce mutual termination of merger agre...
The proposed transaction was first announced on January 13, 2020.
American Integrity Insurance Announces New Partnership wi...
Partnership provides American Integrity with virtual property assessment capabilities to keep agents, employees and customers safe American Integrity Insurance Company,...
Aflac expands product offerings with new dental and visio...
The new dental and vision coverage, available for businesses with as few as three employees in many locations, features a streamlined underwriting process, more than 100 'easy-t...
Pay-Per-Mile Insurance Gains Momentum Amid Metromile̵...
Pandemic-induced lockdowns are causing a shift in usage-based insurance. Usage-based insurance refers to behavior-based models as well as pay-per-mile or distance-based approach...
Walmart announces creation of new fintech startup
The new company is a strategic partnership with fintech investment firm Ribbit Capital.
Sapiens, Click-Ins collaborate on automated vehicle damag...
Sapiens has partnered with AI SaaS vehicle damage inspection and assessment platform Click-Ins to help carriers augment claims management.
Glia Raises $78 Million in Series C Funding Led by Insigh...
Glia plans to expand every department across its organization, with a focus on product development. The company says it is also exploring strategic acquisitions.
Pathpoint launches multi-carrier instant quote platform
The new Cyber quoting product is delivered through Pathpoint's online platform with Pathpoint serving as the surplus lines agent and handling all servicing and compliance on the...
The Gig Economy, Auto Insurance and Surplus Lines
Automobile insurance looks very different today than it did a generation ago. The means by which people (and goods) travel via motor vehicles continue to
Guardian Life Commits $1M to NPower to Advance Diversity ...
The grant will support NPower’s programs that help bridge the digital skills gap through free training programs, mentoring, support services and other benefits.
Betterview PropertyNow Helps P&C Insurers Provide Qu...
The PropertyNow solution improves the speed and accuracy of quotes by providing prefill data on key property attributes for locations across the entire United States.
Alliant acquires Vertus
Terms of the agreement were not disclosed.
Lemonade places more focus on homeowners insurance
The company is hiring a Homeowners Operations Manager who will oversee a team of 8 to 10 individuals who maintain its back-end servicing of homeowners policies and communication...
Hello Ralphie raises $1 million
Founded in 2019 and a team of ~4, Hello Ralphie connects pet parents with licensed veterinarians through chat and video appointments to offer a convenient approach to quality pe...
Hub International buys CAPAX Management and Insurance Ser...
Hub International has snapped up CAPAX Management and Insurance Services, an insurance brokerage and employee benefits consulting firm.
Zeguro Expands Cyber Insurance Beyond Ransomware Attack &...
Cybersecurity & risk management startup Zeguro expands cyber insurance
coverage beyond ransomware attacks to include computer fraud and more.
Marsh Launches UK & Ireland Sharing Economy & M...
Marsh, the world's leading insurance broker and risk advisor, today launched a
dedicated Sharing Economy & Mobility (SE&M) industry group in the UK &
Ireland.
Glia raises $78 million in Series C
This round was led by existing investor Insight Partners and Glia was advised in the transaction by Cooley LLP.
Encova Insurance expands partnership with Bold Penguin
Encova Insurance has expanded its partnership with insurance technology provider Bold Penguin to rolling out a digital commercial insurance solution.
Cannabis Broker Spotlight: Sherman with PSA Saw Cannabis ...
Editor's note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business,
SoFi to become publicly-traded via merger with Social Cap...
The transaction values the company at an equity value of $8.65 billion post-money.
Employees are demanding pet insurance benefits as COVID-1...
An employee may spend between $700 and $2,000 per year in veterinary bills to care for a healthy pet; pet insurance benefits can help alleviate this burden.
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