Coverager® - Insurance News and Insights

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Wolt partnered with Demandoo Acorns partnered with Savvy Layr partnered with The Hartford Layr raised $5M Koala raised $1.79M Canopy raised $2.48M Pets Plus Us partnered with aha Insurance Just Auto Insurance raised $5.7M AgencyKPI raised $5M Root partnered with GasBuddy Kin Insurance uses Image Recognition in Underwriting Anthem uses Voice Computing in Claims SSQ Insurance uses Digital / Other in Sales John Hancock uses Digital / Other in Sales Admiral Seguros uses AI / Machine Learning in Claims

FraudScope raises $7 million to address healthcare fraud

By Shefi Ben-Hutta

Founded in 2016, FraudScope is an AI-based platform that helps identify fraud, waste, and abuse in healthcare.

Investments

P2P motorcycle sharing platform Riders Share raises $2 million

By Avi Ben-Hutta ·

Launched in 2018 by Guillermo Cornejo, who worked at Nissan Motors, General Motors and Hyundai, Riders Share has now served over 10,000 unique customers and listed over 10,000 motorcycles for rent on its platform.

Innovation

Wolt partners with on-demand insurance platform Demandoo to serve freelancers

By Shefi Ben-Hutta ·

Wolt's insurance coverage will only be activated from the moment the messenger signs that he is available for delivery, and up to half an hour after he signs that he has finished receiving shipments. Also, couriers will be able to file a claim in full using the Wolt's app.

Business

MicroEnsure, TonkaBI and STP Group merge to launch The Micro Insurance Company

By Coverager ·

The Micro Insurance Company brings together resources, expertise and skills in underwriting, technology and distribution.

Business

Paytm, Vijay Shekhar Sharma to acquire Raheja QBE

By Avi Ben-Hutta ·

Paytm, whose services are used by tens of millions of Indians each month, said that it currently is in the process of acquiring 100% stake in the company.

Business

Aviva appoints Amanda Blanc as CEO

By Coverager ·

For family health reasons Maurice Tulloch, the previous Chief Executive, has today stepped down from the role and retired from his position on the Aviva plc Board.

Member News

MATRIX partners with Novidea to drive digital transformation with cloud-based broker platform

By Lianne Trantz ·

MATRIX Greece, a Howden Group company and the largest insurance & reinsurance broker in Greece, has selected leading broker platform provider Novidea as its technology partner, to support its digital transformation, as part of...

Business

La Capitale and SSQ Insurance officially merge

By Coverager ·

La Capitale and SSQ Insurance announce that their merger of equals is now official, creating the largest mutual insurance company in Canada with over 3.5 million members and clients.

Investments

Koala raises €1.6 million led by Insurtech Gateway

By Shefi Ben-Hutta ·

Paris-based Koala has raised €1.6 million in a Seed round of financing led by Insurtech Gateway with participation from Playfair Capital, according to Crunchbase.

Investments

Unlatch raises $5.8 million led by AXA Venture Partners

By Shefi Ben-Hutta ·

Unlatch is a B2B software solution for residential real estate professionals – property developers, brokers, social landlords - that fully digitizes the sales process.

Business

Accolade announces pricing of IPO

By Coverager ·

The shares are expected to begin trading on The Nasdaq Global Select Market under the ticker symbol "ACCD" on July 2, 2020.

Investments

Layr raises $5 million in Seed round

By Gabriella Ben-Hutta ·

It also promises insurance shoppers up to 35% in savings; that's more than what Next (up to 30%) or biBerk (up to 20%) promise.

Innovation

Acorns launches Acorns Early to invest in a child from birth

By Shefi Ben-Hutta ·

To support those impacted by the coronavirus pandemic, Acorns will provide Acorns Early free to babies born in 2020.

Member News

The perils of the Great British summer 2020 staycation

By Alan Inskip ·

The reopening of the British travel and hospitality sectors is welcome news for both the economy and holidaymakers alike. And although some destinations abroad have started to reopen their borders...

Member News

Coronavirus, what have you done?

By Ruud van Gerwen ·

The pandemic impacted the insurance industry in both predictable and unexpected ways. From the moment news of COVID-19 started spreading, insurance carriers knew there would be a significant business impact....

Investments

AgencyKPI announces $5 million Series A financing

By Gabriella Ben-Hutta ·

The Series A round of funding is led by EMC Insurance Companies of Des Moines, Iowa.

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Featured Jobs

Insurance emerges as a core strategy in the evolution of consumer-centric auto brands

By Wayne Slavin, SURE ·

3 ways to eliminate auto insurance fraud

By Amber Livingston, Smartcar ·

UDoTest Launches COVID-19 Employer Testing Platform

By Jennifer Overhulse, St. Nick Media Services ·

Angie’s List Partners with Thimble to offer Flexible Insurance Options for Small Businesses

By Rikin Diwan, Thimble ·

Smartcar and Paydrive bring pay-per-mile insurance to EV owners in Sweden

By Amber Livingston, Smartcar ·

Covid kick: changing broker minds about e-commerce

By Simon Ball, Quotall ·

Interest on debt grows without rain

By Bart Patrick, Duck Creek Technologies Europe ·

Insurance Innovation – Alive and Kicking

By Denise Garth, Majesco ·

Pricing auto insurance premiums with the Smartcar API

By Amber Livingston, Smartcar ·

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FraudScope raises $7 million to address healthcare fraud

P2P motorcycle sharing platform Riders Share raises $2 million

Wolt partners with on-demand insurance platform Demandoo to serve freelancers

MicroEnsure, TonkaBI and STP Group merge to launch The Micro Insurance Company

Paytm, Vijay Shekhar Sharma to acquire Raheja QBE

Aviva appoints Amanda Blanc as CEO

MATRIX partners with Novidea to drive digital transformation with cloud-based broker platform

La Capitale and SSQ Insurance officially merge

Koala raises €1.6 million led by Insurtech Gateway

Unlatch raises $5.8 million led by AXA Venture Partners

Accolade announces pricing of IPO

Layr raises $5 million in Seed round

Acorns launches Acorns Early to invest in a child from birth

The perils of the Great British summer 2020 staycation

Coronavirus, what have you done?

AgencyKPI announces $5 million Series A financing

Director of Partner Success

Insurance emerges as a core strategy in the evolution of consumer-centric auto brands

3 ways to eliminate auto insurance fraud

UDoTest Launches COVID-19 Employer Testing Platform

Angie’s List Partners with Thimble to offer Flexible Insurance Options for Small Businesses

Smartcar and Paydrive bring pay-per-mile insurance to EV owners in Sweden

Hold the front page

Covid kick: changing broker minds about e-commerce

Interest on debt grows without rain

Insurance Innovation – Alive and Kicking

Pricing auto insurance premiums with the Smartcar API

Share a news tip with Coverager