Company Archive

Coverager Data

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.

Product

Lemonade forms fronting arrangement with Home State

By Shefi Ben-Hutta ·

Lemonade is one of several MGAs writing business with Home State.

Opinion

The Struggles of Vouch

By Avi Ben-Hutta ·

Late last year, Vouch, which is not profitable, made cuts that impacted ~25 employees.

Business

Symetra introduces Cancer Care Compass

By Avi Ben-Hutta ·

The new rider has four components.

Business

PURE Specialty Exchange expands homeowners coverage

By Coverager ·

The product is designed for homes in coastal and wildfire exposed areas.

Business

Stride launches independent worker contributions program

By Coverager ·

The "first-of-its-kind" program enables companies with independent workers to make contributions into an individual's portable benefits savings account.

Business

Farmers Mutual Hail to acquire Global Ag Insurance Services

By Coverager ·

Global Ag Insurance Services is a subsidiary of AXA XL.

Investments

Summit raises $3.5 million

By Avi Ben-Hutta ·

Summit serves a variety of industries and claims to offer coverage from 60+ insurance partners.

Business

Applied Surety Underwriters acquires major portion of Argo’s oil, gas, mining, and coal surety businesses

By Coverager ·

Terms of the transaction were not disclosed.

Business

Conifer announces commercial lines capacity partnership with Accelerant

By Coverager ·

Conifer aims to improve risk assessment.

Business

HSB Canada appoints Barbara Bellissimo as new president and CEO

By Coverager ·

She replaces John Mulvihill, who has retired after a successful 34-year career with the Toronto-based specialty insurer.

Investments

MassMutual backs XUND

By Gabriella Ben-Hutta ·

XUND is known for its software as a medical device (SaMD) that supports the entire patient lifecycle.

Investments

BurnBot raises $20 million

By Avi Ben-Hutta ·

American Family Ventures participated in the round.

Financials

Collision repair marketplace CrashBay raises $1.25 million

By Gabriella Ben-Hutta ·

Founded in 2019, CrashBay provides end-to-end collision repair solutions across North America.

Business

Assurant acquires iSmash

By Coverager ·

iSmash will continue to operate as iSmash under the Assurant Global Connected Living line of business.

Financials

Resolution Life to acquire Suncorp’s New Zealand life insurance company, Asteron Life

By Gabriella Ben-Hutta ·

Asteron Life is a New Zealand life insurer, with a team of circa 165 people servicing more than 180,000 customers and their advisers.

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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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