Venture Capital Archives

Coverager Data

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.

Technology

Tower and CelsiusPro launch parametric cyclone coverage

By Shefi Ben-Hutta ·

The product provides rapid cash payouts to policyholders when a high-wind tropical cyclone impacts their insured properties.

Investments

Wrapbook valued at $750 million

By Avi Ben-Hutta ·

In November 2021, Wrapbook was valued at $1 billion after closing a $100 million Series B round.

Member News

HawkSoft Welcomes Rhodian Group to Solution Partner Program

By HawkSoft ·

Rhodian delivers accessible, reliable, and secure managed IT environments to agencies. Rhodian Group, one of the leading providers of managed IT and cybersecurity services to the independent insurance industry –...

Investments

Mesa raises $9.2 million

By Avi Ben-Hutta ·

Assurant Ventures participated in the round.

Business

Orion180 brings homeowners insurance offerings to North Carolina

By Coverager ·

North Carolina homeowners policies are available through Orion180’s admitted insurer.

Business

Xceedance acquires Millennium Information Services

By Shefi Ben-Hutta ·

Millennium conducts over 1 million property inspections annually for more than 80 carriers and MGAs.

Business

Envelop launches Envelop Risk Solutions

By Gabriella Ben-Hutta ·

Envelop Co-founder Paul Guthrie will lead the business area on an interim basis.

Business

EvolutionIQ becomes CALI’s first Life Partner

By Gabriella Ben-Hutta ·

EvolutionIQ joins CALI’s corporate partner program, which seeks to connect life insurers with companies that can help drive the sector forward.

Business

Falcon Risk Services partners with Cogitate

By Gabriella Ben-Hutta ·

Falcon Risk Services has gone live on both Cogitate’s DigitalEdge Policy and DigitalEdge Claims solutions.

Investments

Geolava raises pre-seed funding

By Shefi Ben-Hutta ·

Geolava is a property insights platform.

Innovation

Howden launches the Resilience Laboratory

By Coverager ·

The platform leverages Microsoft’s technology to offer data-driven solutions for hurdles related to climate change.

Business

SURE and SageSure debut commercial product for California business owners

By Coverager ·

The program accommodates more than 400 business classes across eight industries.

Business

Aegis Financial Lines announces expanded capabilities to write admitted business

By Coverager ·

AFL can now offer up to $5 million in capacity on an admitted basis for Financial Institutions located in New York.

Technology

Carpe Data and Hastings Direct deepen their partnership

By Coverager ·

The expanded partnership will see Online Injury Alerts integrated more deeply into Hastings' counter-fraud efforts.

Business

Selective appoints Patrick S. Brennan as Chief Financial Officer

By Coverager ·

Brennan brings nearly two decades of insurance industry and public company executive experience.

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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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