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Insurama raised $5.93M Clasp raised $5M Insurama raised $2.7M aha insurance partnered with Ingle International WeCompare partnered with Progressive WeCompare partnered with Allstate WeCompare partnered with Liberty Mutual Westland Express partnered with TuGo ERGO picks Digital Claim in Claims InsuraGuest raised $813.11K Intact Financial Corporation raised $300M Cover Genius picks Adyen in Sales Insuredmine picks Canopy Connect in Sales Boundless Rider uses Mobile in Sales Nayms picks Coinbase in Sales

Progressive reports 89% CR for April

By Avi Ben-Hutta

The insurer had ~31.3 million policies at the end April.

Member News

London Underwriters and Foxquilt Insurance Announce Strategic Partnership

By Daniel Feigenbaum ·

Hallandale, FL — May 7th, 2024 London Underwriters (LU), a leading national insurance wholesale broker, is thrilled to announce a strategic partnership with Foxquilt Insurance, a pioneer in digital insurance...

Investments

Munich Re backs geothermal energy startup Zanskar

By Gabriella Ben-Hutta ·

The company raised $30 million in a Series B funding round.

Member News

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

By Insurance Verification ·

Cox Automotive, the leading automotive service provider, has partnered with Canopy Connect, the top insurance verification platform.

Investments

Eleos raises $4 million

By Gabriella Ben-Hutta ·

The round was led by Fuel Ventures and Indico Capital, with APX as a participant.

Investments

Honeycomb raises $36 million

By Avi Ben-Hutta ·

Honeycomb expects to double its workforce from 90 to 180 over the next 18 months and introduce new products.

Investments

Wayve raises $1.05 billion

By Avi Ben-Hutta ·

NVIDIA and Microsoft also participated in the round.

Business

Truist completes sale of Truist Insurance Holdings

By Coverager ·

The all-cash transaction values TIH at an implied enterprise value of $15.5 billion.

Member News

Automated Claims Management: 3 Pillars of Success

By Appian ·

Leading insurers are prioritizing claims process automation. But why?

Financials

Lemonade ends Q1 with $47 million loss

By Avi Ben-Hutta ·

The company’s cash, cash equivalents, and investments totaled approximately $927 million at March 31, 2024.

Strategy

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.

Business

AXA XL introduces new cyber endorsement

By Coverager ·

AXA XL's new endorsement provides dedicated coverage for the costs of investigating the breach including legal fees for compliance and disclosure requirements such as the filing of an 8-K.

Product

Kin launches in Georgia

By Coverager ·

Kin is now live in 9 states.

Product

GradGuard strengthens tuition protection program

By Coverager ·

This benefit is not yet available in the state of Washington.

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.

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Featured Jobs

Implementation: The Final Frontier

By AgentSync, AgentSync ·

How to Deliver Intelligent Connected Insurance Experiences: 6 Success Stories

By Appian, Appian ·

All 50 States in Just 2 Minutes: How Service Insurance Companies Went National in No Time

By AgentSync, AgentSync ·

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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