Editor at Coverager
GEICO’s loss ratio was 72.5% in the quarter, a decrease of 10.5 percentage points compared to 2023.
USAA is one backer of the new fund.
The new offering enhances the insurance buying experience by using an embedded model.
WeCompare is a new insurance comparison website.
In 2022, Arta raised $11 million in a round led by AXA Venture Partners.
The direct channel was Root’s primary growth driver in the quarter, fueled by performance marketing.
Prudential has made decision to shut down the operations of Assurance IQ.
Koop originally launched to provide insurance for emerging risks such as autonomous cars and robotics.
Arbol offers a variety of solutions around parametric risk transfer and climate and weather insurance/reinsurance.
Walmart will close all 51 of its health care centers.
Mansutti S.p.A. is currently part of the Wefox Group.
Auto policies are issued by The American Road Insurance Company, a Ford subsidiary.
Progressive plans to hire thousands of job seekers for numerous roles.
The startup will use the new capital to expand into new areas.
The insurer ended 2023 with a net underwriting loss of $40.5 million.