Editor at Coverager
Zurich’s new strategy includes crops. The Swiss insurer looks to acquire MN-based agricultural insurer, Rural Community Insurance Services, from Wells Fargo for ~$1.05 billion. Recall: OneBeacon also exited crop insurance this past summer. Bottom Line: one’s...
“This is not a market where you just put your product up online and people buy it” – Michael Dixon, partner at Sequoia Capital, understands that healthtech players face a slow growth....
The Martin Agency’s “Unskippable” ads for Geico have won the Adweek’s award for the best ad campaign of 2015 while Compare the Market‘s meerkats Aleksandr and Sergei have won our hearts...
The out of nowhere soon-to-be P2P insurer, Lemonade, that raised $13 million to start its operations, revealed that it will propose a sharing economy alternative to traditional home insurance.
“If you look at Africa and emerging consumers especially, often your insurance brands are not as strong as some of your retail, mobile or banking brands – so it helps...
Nanjing-based data service provider, Lichengbao, partners with smaller insurers to launch China’s first usage-based insurance targeting drivers who think flat (premium) is out. Bottom Line: 100,000 users aiming for 500,000 come...
The Ohio-based insurer launched a new commercial quoting system that allows its agents to quote Business Owners and Auto quotes faster. It’s called FastPath. Bottom Line: sounds awfully similar to CNA’s Quote...
The NYC-based startup that raised $13 million to disrupt P&C insurance via a Peer-to-Peer model is defining its market – “Buffett’s margin is Lemonade’s opportunity”. P2P models certainly enjoy a lot of mind share but...
Yesterday Baidu announced its driverless modified-BMW 3-Series has successfully navigated a complicated route through Beijing. The Gist: Google is aiming for the moon looking to launch a driverless car that’s fully capable...
“We have a cemetery of apps” – Isabelle Conner, CMO at Generali, believes apps are not the answer. Instead, the company is looking to empower and engage with their agents, aka ‘their...
Aviva launched a new ~£100m venture capital fund that will look to invest in a range of digital and new technology businesses. And the first investment goes to…Cocoon – a smart device...
Germany-based startup FairFleet, which acts as a matchmaker between drone pilots and businesses, launched out of beta mode this week, aka it’s open for business if the business is in Germany. Fun Fact:...
Another company the public knows little about – Melody Health Insurance – secured $3.8 million in equity funding with the promise to create lovable health insurance. At this point, if you are wondering...
“We’re betting Lemonade will transform the insurance landscape beyond recognition. It is one to watch” – Partner at Sequoia Capital, Haim Sadger, on the first P2P insurance company called Lemonade. Bottom Line: the...
Melody Health Insurance, the startup health insurer that will provide value-priced health insurance to individual consumers throughout the U.S., today announced it raised $3.8 million in equity funding. The company...
