Coverager® - Insurance News and Insights

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RateQuote partnered with Benepicks BNP Paribas Cardif partnered with Stellantis Financial Insurance Ember Mutuals picks Kyber in Claims Kinetic Insurance Services picks Quotech in Underwriting Root Insurance partnered with Jerry Newcoast Financial Services partnered with NextBoat Buildium partnered with MSI Stand Insurance Solutions picks Moen in Risk Mitigation USAA picks Zinnia in Admin Travelers picks Applied Systems in Sales Adaptive Insurance raised $5M Data Science Wizards raised $5M Wefox raised $7.97M SageSure raised $460M Great-West Lifeco raised $569.61M

HCF ends Flip Insurance five years after we called it

By Shefi Ben-Hutta

Coverager covered the launch in 2021.

Investments

Somatus raises $325 million

By Gabriella Ben-Hutta ·

To date, the company raised~$500 million.

Product

Howden launches Wildfire Excess Liability Lineslip

By Gabriella Ben-Hutta ·

It will allow contractors engaged in wildfire-exposed areas of operations, such as vegetation management and electrical work for utilities, to carry out vital preventative and repair work.

Strategy

TD to acquire First Horizon

By Coverager ·

First Horizon is headquartered in Memphis, Tennessee, with assets of $89 billion as of December 31, 2021.

Business

Smile partners with Migros Bank

By Gabriella Ben-Hutta ·

Customers who take out car insurance with Smile via the Migros Bank website will benefit from an 'attractive' cash-back payment, which will be credited directly to their Smile app.

Opinion

Grace Under Pressure

By Avi Ben-Hutta ·

Ernest Hemingway once said that courage is grace under pressure. The leaders of Lemonade, Root and other insurance startups can use some grace.

Marketing

Free £250 home excess coverage from GoCompare

By Coverager ·

To qualify for the free home excess coverage, customers will need to compare home insurance and buy through GoCompare.

Business

Carvana acquires ADESA for $2.2 billion

By Coverager ·

Adesa US is the second largest provider of wholesale vehicle auction solutions in the US.

Investments

FOXO to become publicly traded company

By Coverager ·

Products will be reinsured by SCOR.

Member News

Socotra chosen to power Aioi Nissay Dowa’s MOTER commercial fleet insurance program

By Socotra ·

Aioi Nissay Dowa is launching MOTER as an insurtech MGA in the U.S. and partnering with Socotra to rapidly develop its telematics-driven, usage-based insurance product Aioi Nissay Dowa Insurance and...

Business

Highmark Health launches diabetes management program

By Gabriella Ben-Hutta ·

The program is designed to give members simple, personalized, and proactive support to better manage the chronic condition, improve health outcomes and reduce costs.

Member News

Boost and BizDynamics, a cloud business unit of ValueMomentum, announce strategic collaboration

By OwlSurance Technologies, a business unit of ValueMomentum ·

BizDynamics, a cloud business unit of ValueMomentum, announced its partnership with Boost, an insurance infrastructure-as-a-service platform that enables businesses to offer white-labeled, embedded insurance.

Innovation

Bundelz – now inactive

By Shefi Ben-Hutta ·

Aside from its positioning of fairer, cheaper car insurance, a value-added service included a ‘find my car’ feature through the company's app.

Financials

Root’s Q4 2021 highlights

By Avi Ben-Hutta ·

A look at Root's Q4 2021 and full year results.

Business

MetLife partners with Aura

By Avi Ben-Hutta ·

Aura offers identity theft protection that comes with $1 million identity theft insurance.

Business

Aflac partners with NeuroFlow

By Coverager ·

The NeuroFlow solution is designed to help fill gaps that may exist in an employer's behavioral health program.

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Member News

HomeBinder, InspectionGo's Homeownership Solution, Launches Home Insurance Shopping

By Mary Clare Riordan, Bindable ·

Applied Announces Submissionless Commercial Insurance Experience with Travelers as First Anchor Carrier Partner

By Michael Streit, Applied Systems ·

Vertafore introduces Velocity AI Submission Processing Agent to help MGAs move from submission to decision faster

By Vertafore ·

Zywave Launches Zywave Apex™, the First Growth-Focused AI Platform Purpose-Built for Insurance Distribution

By Zywave ·

L+M Development Partners Goes Live with Five Sigma's AI-Native Claims Platform and Clive™

By Oded Barak, Five Sigma ·

Zywave CEO Martin Simoncic: Why Insurance Needs a Different Conversation around AI

By Zywave ·

Kyber Selected as a PropertyCasualty360 2026 Insurance Luminaries Winner

By Kyber, Kyber ·

Vertafore’s latest AI innovations help agencies accelerate carrier statement reconciliation and turn Outlook activity into structured workflows

By Vertafore ·

Claims AI ROI Should Be a Scale Test, Not a Spreadsheet

By Yo Sub Kwon, Voltaire ·

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