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SimplyIOA partnered with Obsidian Insurance Holdings Semsee partnered with Utica First Insurance Company The Hartford partnered with Coalition bolt partnered with Salesforce DoorLoop partnered with Lemonade Rollo Insurance Group picks SALT Insure in Sales The Hartford picks Empathy in Claims RMA picks Quotey in Sales Root Insurance raised $150M Marsh McLennan raised $7.25B Security Benefit raised $650M Authentic Insurance uses Artificial Intelligence in Sales Draivn picks Bluewire in Risk Mitigation HOMEE raised $12M Native Broking raised $2.6M

Lemonade ends Q3 with $68 million loss

By Avi Ben-Hutta

In-force premium reached $889 million.

Business

Generali appoints new group chief transformation officer

By Coverager ·

Cécile Paillard will be responsible for accelerating the Group’s transformation.

Financials

Reliance Global Group provides update on pending Spetner acquisition

By Shefi Ben-Hutta ·

The company currently anticipates that the acquisition will close in the second half of 2024.

Strategy

Stellantis Financial Services partners with bolt

By Avi Ben-Hutta ·

The carmaker will offer auto insurance to Chrysler, Dodge, Jeep, Ram, Fiat, and Alfa Romeo owners.

Investments

FINBOURNE raises £55 million

By Coverager ·

This investment will fund the next phase in FINBOURNE’s commercial development.

Business

John Hancock to offer discounted access to whole-body MRI scans

By Avi Ben-Hutta ·

Members will receive a $500 discount on Prenuvo's whole-body scans.

Member News

The Automation Advantage: Transforming the Future of Insurance

By Appian ·

Discover how insurers are innovating using AI and automation tools across claims, underwriting, risk assessments, and more.

Business

Loop goes through another round of layoffs

By Avi Ben-Hutta ·

The majority of the workforce was let go.

Financials

Rennova Health announces stock exchange agreements with struggling FOXO

By Shefi Ben-Hutta ·

In addition, FOXO secured a commitment for up to $2.5 million in financing.

Business

JLR invests ~£1 million to support UK police in tackling vehicle thefts

By Gabriella Ben-Hutta ·

The announcement reflects JLR’s multifaceted strategy to tackle vehicle thefts and the impact on insurance premiums for its clients.

Innovation

New York Life hires Alain Biem as chief data science officer

By Coverager ·

Biem held data science leadership positions at Wayfair, Opera Solutions, and IBM Corporation.

Business

Guardian and Pelago launch new partnership

By Coverager ·

The new offering will be available in July for new dental plans.

Business

Sonnet to discontinue auto insurance business in Alberta

By Coverager ·

Sonnet's home insurance business in Alberta will not be impacted by this change.

Business

The Mutual Group appoints Brett Humphrey as Chief Financial Officer

By Coverager ·

Humphrey held various senior positions during his nine-year tenure at American International Group in New York and Japan.

Investments

Amplify Life raises $20 million

By Avi Ben-Hutta ·

Amplify claims to have helped over 4k customers since launching.

Business

Nubank and Chubb reach 2 million active insurance policies in Brazil

By Avi Ben-Hutta ·

The first product launched by the companies was in December 2020.

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Member News

Haunting Claims Inefficiencies? Discover How Agentic AI and LLMs Can Actually Transform the Claims Process.

By Robin Roberson, Agentech ·

Bindable Unveils a Simplified Solution for Organizations Interested in Launching an Independent P&C Insurance Agency

By Mary Clare Riordan, Bindable ·

5 Pitfalls to Effective Insurance Compliance Vendor RFPs and How to Address Them

By AgentSync, AgentSync ·

SILA’s newest president talks leadership, trends, and more

By Vertafore ·

Insurtech's Meal Deal: 5 Solutions for 5 Challenges Served with a Side of Agentic AI

By Robin Roberson, Agentech ·

Sircon Compensation empowers carriers to fuel growth and build stronger relationships with independent agents

By Vertafore ·

Safety Versus Risk Management with Daniel Ruiz of SC Builders

By John Fohr, TrustLayer ·

7 Ways Carriers Can Leverage Compliance Data for Business Opportunities

By AgentSync, AgentSync ·

Bold Penguin Joins HawkSoft's Solution Partner Program

By HawkSoft, HawkSoft ·

Cambridge Mobile Telematics Announces Enhanced Driver Experiences, Crash Capabilities, and Developer Tools

By Cambridge Mobile Telematics, Cambridge Mobile Telematics ·

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