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bunq partnered with Qover Roamly partnered with Getaround Roamly partnered with Mobilitas Insurance Fetch Pet Insurance partnered with Plymouth Rock Outdoorsy partnered with Sensible Weather Chubb raised $6.7B Re raised $7M Cover Genius raised $80M Premins Company raised $3.57M Chapter Medicare raised $50M 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

AI Jain

By Shefi Ben-Hutta

If AI isn’t the gorilla in the room, what is?

Product

Main Street America launches additional protection for chiropractors

By Coverager ·

The product is underwritten by Midvale Indemnity Company, an affiliated writing company.

Financials

Root, Lemonade not materially impacted by Silicon Valley Bank closure

By Shefi Ben-Hutta ·

Lemonade and Root both have $7k and $1.3M in SVB exposure.

Strategy

Mercury Insurance creates chief technology officer position

By Coverager ·

The CTO position represents Mercury's emphasis on the importance of technological innovation by building high-quality software and systems using modern development methodologies.

Investments

Lineslip Solutions raises $5.6 million

By Coverager ·

Lineslip offers a Commercial Insurance Risk Intelligence platform.

Financials

HSBC acquires Silicon Valley Bank UK Limited

By Coverager ·

Strategic acquisition to strengthen HSBC’s banking franchise in UK.

Financials

Life360’s SVB exposure expected to be up to $5.6 million

By Coverager ·

Life360 further shared that as of March 10, 2023, it had cash and cash equivalents of approximately $95.1 million.

Opinion

The Resistance

By Avi Ben-Hutta ·

Insurify, which is not profitable, is about to absorb another non-profit company. That is not a good mix, according to common sense.

Product

Apollo launches new drone insurance facility

By Coverager ·

Apollo will be providing capacity to Moonrock Drone Insurance.

Product

Aurenity announces launch of new GL program with A rated capacity

By Coverager ·

Aurenity has begun accepting GL submissions with February 15 effective date.

Product

AmTrust expands international warranty business

By Coverager ·

AmTrust has provided reinsurance capacity for major mobile phone insurance programs of South Korean telecom companies since 2016.

Innovation

AAA Northern California discontinues House Manager

By Shefi Ben-Hutta ·

AAA House Manager was a membership-based home maintenance service.

Innovation

CA Seguros is available on Android Automotive

By Avi Ben-Hutta ·

The insurer partnered with DXspark to build the app.

Business

Relm Insurance partners with NetDiligence

By Avi Ben-Hutta ·

NetDiligence is a provider of cyber risk readiness and response services.

Member News

Sure Launches Retrace for Online Merchants to Offer Embedded One-Click Insurance and Protection at Point of Sale

By Sure, Inc. ·

Sure, the insurance technology leader that unlocks the potential of digital insurance, today announced the launch of Retrace, new technology that enables online merchants to offer customers embedded one-click insurance and protection.

Innovation

Telematics startup Bambi Dynamic appears to be going out of business

By Shefi Ben-Hutta ·

One source pins the current outcomes to lack of clients.

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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. ·

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 ·

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