Editor at Coverager
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...
Chicago-based online small business insurance agency, Insureon, raised $31 million in funding from Oak HC/FT “to increase its technology development and enhance its sales and marketing activities targeting small businesses”. Cash in Context:...
Meet Amino, a new website that looks to help people figure out if a doctor is experienced enough to treat a given condition by analyzing health insurance claims of 188 million Americans. Fun...
Google Ventures backs San Mateo-based startup Collective Health that raised $81 million in Series C funding yesterday bringing the total amount of funding to date to $119 million. The company offers a...
The division of Applied Systems has acquired EvoSure, an Austin, Texas-based insurance technology firm to support its IVANS Market Appetite initiative; a search engine for P&C agents and brokers to quickly identify carriers’ appetite for...
