Venture Capital Archives

Coverager Data

Insurama raised $5.93M Clasp raised $5M Insurama raised $2.7M aha insurance partnered with Ingle International WeCompare partnered with Progressive WeCompare partnered with Allstate WeCompare partnered with Liberty Mutual Westland Express partnered with TuGo ERGO picks Digital Claim in Claims InsuraGuest raised $813.11K Intact Financial Corporation raised $300M Cover Genius picks Adyen in Sales Insuredmine picks Canopy Connect in Sales Boundless Rider uses Mobile in Sales Nayms picks Coinbase in Sales

Progressive reports 89% CR for April

By Avi Ben-Hutta

The insurer had ~31.3 million policies at the end April.

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.

Business

Westwood Insurance Agency partners with Landsea Homes

By Avi Ben-Hutta ·

The new offering enhances the insurance buying experience by using an embedded model.

Innovation

Marsh launches Sentrisk

By Coverager ·

Sentrisk uses advanced technologies such as supply chain mapping AI and geospatial satellite imaging.

Business

Wag! launches WeCompare

By Avi Ben-Hutta ·

WeCompare is a new insurance comparison website.

Business

Arta partners with Chubb

By Avi Ben-Hutta ·

In 2022, Arta raised $11 million in a round led by AXA Venture Partners.

Technology

Verisk discontinues telematics offering and more

By Shefi Ben-Hutta ·

Select highlights following the company's earnings call.

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Featured Jobs

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 ·

No military service? You May Still Be Eligible for USAA

By Melanie Musson, Clearsurance ·

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