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Coverager Data

Applied Systems picks Bravo Networks in Admin Eleos raised $4M Hippo picks Snapsheet in Claims Skyward Specialty raised $160.6M Arta partnered with Chubb Delos Insurance Solutions partnered with Lloyd's Aviva picks RiskEye in Customer Service WTW picks Riskonnect in Claims Tokio Marine HCC picks Akur8 in Pricing Openly partnered with MS Transverse Insurance Group Arbol raised $60M Honda Insurance Solutions partnered with Nationwide Urban Jungle raised $14.07M BankBazaar raised $6M Talage partnered with Arch Insurance Company

Buffett reveals AI fears, unskippable GEICO, and unstoppable rise in cyber risks

By Shefi Ben-Hutta

In a non-inflationary world, GEICO would not be a $40 billion company and other nuggets.

Financials

GEICO ends Q1 with a big profit

By Avi Ben-Hutta ·

GEICO’s loss ratio was 72.5% in the quarter, a decrease of 10.5 percentage points compared to 2023.

Strategy

Matthew V O’Malley assumes new role as AXA XL’s Chief Client & Distribution Officer, Americas

By Coverager ·

O’Malley will lead AXA XL’s U.S. zonal teams, Canada and Bermuda country distribution, client engagement, broker engagement, and marketing activities in the Americas.

Business

SVB Financial Group enters into definitive qgreement for the sale of SVB Capital

By Coverager ·

Pinegrove and SVB Capital will operate independently.

Investments

Scout Ventures announces close of Fund IV

By Avi Ben-Hutta ·

USAA is one backer of the new fund.

Business

Wagmo partners with Rover

By Coverager ·

Select Wagmo partner companies and their employees will be able to enjoy discounted access to pet care services available on the Rover platform.

Strategy

Trupanion appoints new CEO

By Coverager ·

Tooth holds nearly two decades of experience as a growth-oriented leader within the pet insurance category.

Business

BRP to become The Baldwin Group

By Coverager ·

The firm’s brand name will be The Baldwin Group.

Business

Third Point launches Malibu Life Re

By Coverager ·

Malibu Life Re will focus on providing asset-intensive reinsurance solutions and has entered into a treaty with a leading US annuity provider.

Business

Coalition expands coverage to Canadian companies with up to $5b in revenue

By Coverager ·

Each policy offered by Coalition Insurance Solutions Canada includes onboarding calls with experts.

Business

Westwood Insurance Agency partners with Landsea Homes

By Avi Ben-Hutta ·

The new offering enhances the insurance buying experience by using an embedded model.

Innovation

Marsh launches Sentrisk

By Coverager ·

Sentrisk uses advanced technologies such as supply chain mapping AI and geospatial satellite imaging.

Business

Wag! launches WeCompare

By Avi Ben-Hutta ·

WeCompare is a new insurance comparison website.

Business

Arta partners with Chubb

By Avi Ben-Hutta ·

In 2022, Arta raised $11 million in a round led by AXA Venture Partners.

Technology

Verisk discontinues telematics offering and more

By Shefi Ben-Hutta ·

Select highlights following the company's earnings call.

Business

Travelers counters Zywave’s lawsuit over breach of acquisition agreements

By Shefi Ben-Hutta ·

Travelers has responded to Zywave's lawsuit by primarily denying the claims.

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Featured Jobs

London Underwriters and Foxquilt Insurance Announce Strategic Partnership

By Daniel Feigenbaum, London Underwriters LLC ·

Cox Automotive Ecommerce and Canopy Connect Partner to Enhance Online Car Buying

By Insurance Verification, Canopy Connect, Inc. ·

Automated Claims Management: 3 Pillars of Success

By Appian, Appian ·

Canopy Connect and InsuredMine Announce New Integration to Obtain and Transfer Insurance Information

By Insurance Verification, Canopy Connect, Inc. ·

OneShield Announces Partnership with One Inc to Enhance Digital Payment Solution Offering

By Janice Merkley, OneShield ·

Automated Insurance Claims Processing: How Does It Work?

By Appian, Appian ·

No military service? You May Still Be Eligible for USAA

By Melanie Musson, Clearsurance ·

London Underwriters Unveils LU One: A Game-Changing InsurTech Platform for Insurance Agents

By Daniel Feigenbaum, London Underwriters LLC ·

The 6 Stages of Compliance Grief: How Top Insurance Carriers Are Revolutionizing Compliance Management with AgentSync

By AgentSync, AgentSync ·

Proactive Risk Management and the Benefits of Technology in Construction with Matt Aston, President at GPRS

By John Fohr, TrustLayer ·

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