Editor at Coverager
Hartford Steam Boiler invests in Augury; a company that makes smart device technology for managing heating, ventilation and air conditioning systems, aka HVAC systems. Refresher: the insurer, which formed a venture capital group...
Swedish insurer Länsförsäkringar launched a marketing gimmick in the form of an app called Fulfiltret, which means “Nasty Filter”. You say “idiot”, it says “genius”. Bottom Line: an attempt to fight cyberbullying.
Bajaj Allianz General Insurance plans to allow customers to settle claims on their own up to the limit allowed by insurance regulator IRDA. Here’s how it will work: customer has a car accident, customer...
Life insurance giant MLC has jumped on the fitness-tracker bandwagon as the company explores “other ways of assessing risk of individuals”. The Watch: Intel Basis Peak fitness. Bottom Line: Australia’s first insurer to use smart watch...
compareit4me is to UAE as nerdwallet is to US. A website that is “dedicated solely to finance and insurance”. Bottom Line: just raised $3 million.
China’s Anbang Insurance Group will acquire Fidelity & Guaranty Life for ~$1.57 billion. Same Anbang that purchased the New York Waldorf Astoria hotel for $1.95 billion back in February.
Comparison auto insurance website Compare.com adds Kemper Specialty California to its list of carriers. The insurer’s auto product is already available on CoverHound and Google Compare. Fast followers.
Two insurance industry execs launched a new company called Reinsurance Direct that will allow employers who self insure their medical benefit plans to purchase stop loss insurance directly from the source because...
Auto insurance comparison site, Google Compare is now available in 4 states: California, Texas, Arizona and Illinois. Included: Some 20 something auto insurers. Not included: Geico and its peers. Experience:...
“Urgent – yet disciplined” – AIG on its plans to cut as many as 400 senior-level jobs, aka ~20% of its senior management. The company reported $231 million net loss, compared...
Geico is enticing its millennial workforce into retirement workshops with at-cost coffee. Think: O2O (online to offline). State Farm should be flattered. Its Next Door initiative was opened back in 2011; similar concept, bigger venue.
Founded in 2014, UK startup Cuvva provides car insurance by the hour up to 24/1. Recently raised $250,000. Bottom Line: Claims to be the first to offer coverage by the hour.
Meet the Carrot app, which gathers the same driving data on speeding, cornering, braking and acceleration as the (black) box for a fraction of the cost. Think: ‘85% cheaper‘. Bottom Line: Zurich saw...
Insurance tech funding continues. Knip, the Swiss ‘mobile-first’ digital insurance broker, has closed a $15.7 million in Series B funding round led by US-based Route 66 Ventures. The Knip app allows user to view a...
AIG is launching a new company in January 2016, called the Legal Operations Company, which will advise external corporate clients on how to set competitive pricing for legal services. They should know, given...
