Company Archive

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Salty.AI partnered with Mercury Insurance Cover Genius partnered with Deblock Groupama picks Continuity in Underwriting AXA XL picks Collibra in Admin The Mutual Group picks Nativeorange in Admin Amica Insurance picks Collibra in Admin Abacus Global Management raised $400M Life Settlement Advisors raised $200K Eleos Life partnered with teachr Marsh partnered with TIPI Insurance Partners Embedded Insurance raised $4M Beagle Labs raised $4.1M Salty.AI raised $4M Zurich picks Willis Towers Watson in Pricing TruePoint Systems partnered with SeedPod Cyber

Allstate adds auto insurance estimates to ChatGPT

By Coverager

The estimate starts in ChatGPT; the remaining steps take place with Allstate.

Investments

Honeycomb raises $36 million

By Avi Ben-Hutta ·

Honeycomb expects to double its workforce from 90 to 180 over the next 18 months and introduce new products.

Investments

Wayve raises $1.05 billion

By Avi Ben-Hutta ·

NVIDIA and Microsoft also participated in the round.

Business

Truist completes sale of Truist Insurance Holdings

By Coverager ·

The all-cash transaction values TIH at an implied enterprise value of $15.5 billion.

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 announces a definitive agreement to sell 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.

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Member News

Vertafore unveils Digital Underwriter vision to help MGAs increase underwriting capacity, reduce cycle time and improve bind rates

By Vertafore ·

Vertafore Unveils Agentic Agency Vision to Accelerate Distribution Velocity for Independent Agencies

By Vertafore ·

Sureify Expands Life & Annuity New Business with LifetimeACQUIRE, Connecting Quote to Book with Headless Architecture

By Team at Sureify, Sureify ·

Why Modern Insurance Agencies Are Consolidating Benefits Business in the AMS

By Tammi Shapiro, Applied Systems ·

Fuse Launches Transportation & Commercial Auto Hub as the Line Struggles to Reach Underwriting Profit

By Sean Bourgeois, Fuse ·

Why Every Commercial-Lines Agency Needs AI Risk Fluency

By Vertafore ·

EverPeak® expands to Georgia: instant, online workers' comp insurance for small businesses

By Elizabeth Johnson, EverPeak Insurance ·

Benefits renewal automation for insurance agencies gets an upgrade in Applied Epic

By Tammi Shapiro, Applied Systems ·

How AI is Transforming Document Workflows in Claims

By Vertafore ·

Andy Scurto to Lead OneShield Product Advisory Committee

By Debbie Ryan, OneShield ·

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