Editor at Coverager
“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...
Founder and CEO of Avanti, Glen Smith, wants to be famous and his products to be understood. After investing £2m in an advertising campaign through MWO, Smith is looking for a PR partner,...
The “challenger brand with real potential”, aka DirectAsia, has unveiled a new brand campaign called “Where happier matters” in Singapore and Hong Kong as the company looks to “deliver a more positive experience when...
Allianz’s MyHealth app, which launched in August 2014 to allow members to submit medical claims more quickly, was downloaded over 60,000 times and used to submit more than 100,000 member claims, surpassing all...
MassMutual plans to expand its financial learning initiative called Society of Grownups to 10 more cities in the next three years post a $100 million injection. Society of Grownups holds financial planning classes and...
Cigna’s health and fitness app called Coach is now available on Apple and Android devices. Bottom Line: 350,000 users enjoy free access to personality-driven fitness and health programs to help them live healthy ever after....
