Editor at Coverager
A Dutch company called Flo is entering the spotlight. The company uses GPS to assess your driving score to allow you to earn discounts on your auto insurance policy. Read in the context of ‘heard that before’. Think:...
Behavioral economist Dan Ariely, which thinks that if you sought out a system designed to bring the worst out of people, it would look a lot like modern day insurance,...
Supposedly MetLife is preparing to part ways with its ~4,000 life-insurance agents. MassMutual may be on the receiving end, looking to boost its current sales force of 5,600 agents.
Gravie, which raised $12.5 million in series B funding last year, is cutting 25% of its workforce, aka 21 employees. Rest assured, the health-tech startup is ‘growing rapidly’ yet CEO Abir Sen believes “It’s...
Cape Town-based digital travel insurance distributor Hepstar has raised $2 million in seed funding to expand its global reach, accelerate its tech development and grow its brand. Founded in 2013, the...
The health insurer raised $400 million in an investment round led by Fidelity; a deal which values the three-year-old company at $2.7 billion. Cofounder Josh Kushner in response – “we have the...
“The Google Compare service itself hasn’t driven the success we hoped for” – Google Compare announces the shutdown of its insurance and financial products comparison service tool in US and UK...
Axa has partnered with Samsung in the development and launch of a telematics offering that includes a dongle and an app. Not clear whether the reward is pizza or cash back. Bottom Line: will be...
Insurance Australia Group is keeping busy with 1) a reverse auction site that allows consumers to access suppliers that, in turn, will compete for the business, 2) a vehicle-as-a-service offering aimed at tradespeople that...
Massachusetts-based weather startup Understory whose real-time, rooftop sensors detect how weather systems are impacting life on the ground, has raised nearly $7.5 million in new funding to grow its network of weather...
A new service designed to help small businesses research and buy cyber coverage. Underwritten by Delta Insurance in New Zealand.
Boston-based machine learning startup DataRobot raised $33 million to grow its global sales, marketing, business development, engineering, R&D, and strategic initiatives in Europe, the Asia-Pacific region, and the US. That’s a...
Chinese conglomerate Fosun has pulled out of its plans to buy a controlling stake (52%) in Israeli insurer Phoenix Holdings for $460 million. A setback for Israel’s largest energy company...
The Empire Life Insurance Company (Empire Life) announced today it has signed an agreement with MetLife Expatriate Benefits to administer its new Voyageur Global Benefits program for expatriate medical, disability,...
Insurance Australia Group is planning to establish an investment fund that will operate within IAG Ventures to buy stakes in emerging growth companies. Think: big data applications, telematics and IoT. While they are...