Coverager® - Insurance News and Insights

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Ethos Life raised $202M Skyway Technologies partnered with UPC Insurance Dalma partnered with Seyna Kin Insurance raised $63.9M BriteCo partnered with Hannover Re BriteCo partnered with Glencar Insurance Company eHealth partnered with Pie Insurance Shift Technology raised $220M Sprout.ai raised $11M 180° Insurance raised $8.18M Texas Mutual uses Digital / Other in Admin Kentucky Employers' Mutual Insurance uses Data & Analytics in Sales SOMPO Holdings uses Digital / Other in Claims Grange Insurance uses Messaging Apps in Claims Travelers uses Mobile in Customer Service

Life insurance startup Ethos raises $202M at $2B valuation

By Shefi Ben-Hutta

"Life insurance is great. It used to be hard to keep straight. We'd never give you the cold shoulder. Because we love our policyholders." - a poem by Ethos.

Investments

Accelerant Holdings backs rent guarantee insurance provider Leap

By Coverager ·

Accelerant is an underwriting group that specializes in serving a carefully selected and managed network of Member MGAs in Europe and the UK.

Innovation

Healthcare transportation marketplace Roundtrip partners with Clover Health

By Coverager ·

Clover members whose plans include transportation benefits will be able to schedule non-emergency medical transportation through Roundtrip's ride ordering app.

Investments

Plunk raises $6.5 million

By Avi Ben-Hutta ·

Plunk's mobile app helps homeowners make decisions to increase their home’s value.

Member News

Platform security in a cloud-based world: How Socotra protects insurance products and customer data from cyberthreats

By Andrew Ly ·

Insurance companies collect and access a lot of data to help them make smarter decisions and deliver more personalized customer experiences. But as cyberthreats become more sophisticated, safeguarding this mission-critical...

Member News

Sigo selects Socotra as core platform to launch new personal auto product

By Andrew Ly ·

Sigo leverages Socotra’s modern cloud-native platform to provide underinsured communities with easier, more transparent access to reliable policies Sigo, an auto insurance provider focused on delivering accessible and affordable coverage...

Investments

Lili raises $55 million

By Avi Ben-Hutta ·

Lili offers a variety of banking services for the 200k freelancers it serves.

Investments

Mortgage startup Better to go public in SPAC merger

By Avi Ben-Hutta ·

The transaction reflects an implied equity value for Better of approximately $6.9 billion and a post-money equity value of approximately $7.7 billion.

Business

Just Auto Insurance expands pay-per-mile insurance

By Gabriella Ben-Hutta ·

The company now offers full auto coverage in Arizona.

Investments

Growers Edge closes $5 million debt facility from SVB

By Shefi Ben-Hutta ·

The news follows a $40 million Series B round; announced last summer.

Product

Adam Riese launches residential building insurance

By Gabriella Ben-Hutta ·

Adam Riese is now counting 6 insurance products.

Innovation

Harley-Davidson launches LiveWire, the electric motorcycle brand

By Coverager ·

LiveWire plans to redefine electric, delivering the best experience for the urban rider, with personality and soul.

Member News

Inclusivity: How can insurers lower barriers to access for those with mental health challenges?

By Bart Patrick ·

Insurance can be daunting, from quotes to claims, and insurers need to work to make the process more accessible for the huge numbers of people experiencing mental health conditions says...

Product

Neptune launches a digital flood insurance platform

By Gabriella Ben-Hutta ·

sbaflood.com from Neptune is a digital flood insurance platform where businesses can quote and bind entirely online in 'under two minutes'.

Investments

Monzo backs Fronted

By Gabriella Ben-Hutta ·

Founded in 2019, the company (a team of 9) offers an alternative to rent deposit, allowing tenants to pay "bite-size" payments every month.

Business

Sentro partners with Tower Insurance

By Gabriella Ben-Hutta ·

To provide New Zealanders with access to discounted insurance.

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Member News

battleface announces new partnership with Spinnaker Insurance Company

By Sasha Gainullin, battleface ·

The Roots of Insurtech Root take hold: 1Q 2021 Results

By Kaenan Hertz, Insurtech Advisors LLC ·

Distraction is Now Measurable and Thus Improvable Thanks to Telematics

By Cambridge Mobile Telematics ·

Omniscience granted patent for OCR engine

By Pallavi Ramnarain, Omniscience ·

Tremor granted rights to redistribute Best’s Credit Ratings

By Sean Bourgeois, Tremor ·

KEMI and Convr partner to advance underwriting and agent experience

By Convr, Convr ·

Bamboo Insurance transitions to Socotra’s cloud-native core

By Andrew Ly, Socotra ·

How digital is transforming commercial insurance for customers and agents

By Andrew Ly, Socotra ·

TrustedChoice.com partners with Semsee to provide commercial quoting online

By Emmeline Reed, Semsee ·

5 Ways to Transform the Healthcare Member Experience

By Ushur, Ushur ·

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