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UnipolSai raised $750M Butter Insurance partnered with Battleface bunq partnered with Qover Roamly partnered with Getaround Roamly partnered with Mobilitas Insurance Corebridge Financial raised $3.84B Fetch Pet Insurance partnered with Plymouth Rock Chubb raised $6.7B Re raised $7M Cover Genius raised $80M ERGO picks Digital Claim in Claims Cover Genius picks Adyen in Sales Insuredmine picks Canopy Connect in Sales Boundless Rider uses Mobile in Sales Nayms picks Coinbase in Sales

Insurtech IQ

By Shefi Ben-Hutta

iptiQ operated as Swiss Re's B2B2C business from 2016 until the reinsurer’s recent decision to place the business into run-off.

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.

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.

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Featured Jobs

London Underwriters Reintroduces AUGold: A Cutting-Edge Solution for Excess and Surplus Lines

By Daniel Feigenbaum, London Underwriters LLC ·

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 ·

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. ·

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 ·

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