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TCP Insurance partnered with Sensible Weather Southern Cross Travel Insurance partnered with Blink Parametric Agentero partnered with Berkshire Hathaway GUARD FM partnered with PURE Insurance PEMCO picks Moen in Risk Mitigation RateQuote partnered with Benepicks Ember Mutuals picks Kyber in Claims Kinetic Insurance Services picks Quotech in Underwriting Stand Insurance Solutions picks Moen in Risk Mitigation USAA picks Zinnia in Admin Adaptive Insurance raised $5M Data Science Wizards raised $5M Wefox raised $7.97M SageSure raised $460M Great-West Lifeco raised $569.61M

Farmers introduces simpler coverage tools and refreshed brand

By Shefi Ben-Hutta

Coverager first reported on Farmers Coverage on a Page in May, following the insurer’s trademark application for the offering.

Strategy

Intact Financial and RSA to acquire Direct Line’s commercial unit

By Coverager ·

The transaction has been approved by the boards of directors.

Technology

Driver Technologies launches Driver Trucking

By Coverager ·

Driver Trucking is a cloud-based video service for commercial vehicles.

Innovation

GenAI startup Automat raises $3.75 million

By Coverager ·

Automat offers a usage-based SaaS subscription model for RPA.

Technology

IBM and Salesforce aim to boost efficiency through the use of generative AI

By Coverager ·

IBM and Salesforce revealed a partnership aimed at expediting the integration of AI into CRM systems for global businesses.

Product

Zurich integrates insurance coverage for mini solar systems

By Gabriella Ben-Hutta ·

The coverage is also available for existing customers without the need for a separate contract.

Business

Kansas-based insurer MAX goes bankrupt

By Coverager ·

MAX had nearly 30,000 active policies across the country.

Business

A look at Bestow’s other carrier partner

By Avi Ben-Hutta ·

Bestow declined to share the identity of the carrier partner.

Member News

CAPE Analytics Unveils Expanded Hail Intelligence Suite, Providing Carriers With The First 360-View of Property-Level Hail Risk

By Kayvan Farzaneh ·

CAPE has combined imagery-based property analytics and granular weather history for the first time into a hail risk assessment toolkit that can be used by insurance carriers to better understand property-specific exposure.

Investments

Upwind Security raises $50 million

By Gabriella Ben-Hutta ·

Rather than relying on static snapshots of data, Upwind leverages runtime data to secure cloud environments.

Business

Simply Business appoints new US CEO

By Coverager ·

Samantha Roady has joined the company as chief executive officer.

Business

CelsiusPro buys Global Parametrics

By Coverager ·

The merged company will operate from offices in Zurich, Sydney, and London.

Business

Trupanion appoints Fawwad Qureshi as CFO

By Coverager ·

Wei Li, who has acted as interim CFO since June, will remain with Trupanion in the capacity of SVP, Finance and Corporate Controller.

Investments

Momnt raises $15 million

By Avi Ben-Hutta ·

TruStage Ventures led the round.

Investments

EIT InnoEnergy secures €140 million to accelerate sustainable energy innovations and US expansion

By Coverager ·

New investors like Societe Generale, Santander CIB, and Renault Group, along with existing shareholders like Siemens and Volkswagen Group, participated in the round.

Business

State Farm’s ADT incentive launches in more states

By Avi Ben-Hutta ·

ADT announced that they plan to expand the program to up to 13 states by the end of 2023.

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Member News

Regulators Don’t Want an AI Policy. They Want Receipts.

By Yo Sub Kwon, Voltaire ·

3 technology must-haves to build distribution velocity

By Vertafore ·

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 ·

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