Company Archive

Coverager Data

Artificial Intelligence Underwriting Company partnered with ElevenLabs Harbor partnered with Crossmint Heomi picks Payshift in Claims ICW Group picks Ultrassure in Claims ERGO Next Insurance uses Artificial Intelligence in Underwriting Universal Sompo partnered with PhonePe Acrisure partnered with ESET Abacus Global Management partnered with Retirable Flarre.AI raised $2K MoneyExpert picks Fruga in Customer Service HUB International picks Bind AI in Admin Stand Insurance Solutions raised $70M Fruga raised $1.33M Harbor raised $10M Bolttech Insurance (Hong Kong) raised $20.72M

Breaking Bot

By Shefi Ben-Hutta

According to a Seaworthy survey of 1,028 high-earning Americans, 74% would let an AI assistant research insurance options.

Investments

Boundless Rider raises $4.25 million

By Avi Ben-Hutta ·

American Family Ventures led the round.

Business

Helvetia receives regulatory approval for UK branch

By Coverager ·

Helvetia Global Solutions focuses on international non-life business.

Financials

Key highlights from The Hartford’s Q3’23 earnings call

By Shefi Ben-Hutta ·

Commercial Lines achieved core earnings of $542 million.

Product

Concert welcomes rating for new medical professional liability group

By Coverager ·

Independent insurance company manager Strategic Risk Solutions (SRS) will provide regulatory management services to Indigo RRG.

Business

Mosaic builds out five specialty lines of business across Canada

By Coverager ·

The global firm opened an office in Toronto, Ontario last July, and since then, has expanded coast to coast in the Canadian specialty insurance market.

Opinion

Coverager’s Week in Review: From Aon’s Enigma to Acrisure’s Identity Problem

By Shefi Ben-Hutta ·

Coverager’s Week in Review – October 22-28, 2023.

Business

Indigo launches medical professional liability insurance

By Avi Ben-Hutta ·

Indigo is backed by Rubicon Founders and Oak HC/FT.

Strategy

Aon accelerates Aon United strategy

By Avi Ben-Hutta ·

Aon reported revenue of $2.95 billion for the third quarter and net income of $467 million.

Business

Anzen partners with Carta

By Gabriella Ben-Hutta ·

Any Carta customer applying for D&O insurance via Anzen can automatically sync their cap table and receive D&O insurance quotes in hours.

Business

Cruise pauses all driverless robotaxi operations

By Avi Ben-Hutta ·

Earlier this week, the California DMV suspended Cruise’s testing permits.

Business

battleface partners with Stella Insurance

By Avi Ben-Hutta ·

The companies are partnering to offer travel insurance.

Business

At-Bay launches new cybersecurity solution

By Avi Ben-Hutta ·

The solution is designed to help emerging and mid-sized businesses advance their security defenses.

Member News

License and Registration, Please: 5 Questions Insurance Agents Shouldn’t Answer without a Securities License

By AgentSync ·

Five client questions insurance agents shouldn’t answer without a securities license and why.

Financials

Hippo lays off approximately 20% of staff

By Shefi Ben-Hutta ·

Hippo primarily operates as a personal property insurer and has raised over $1.2 billion since its inception.

Business

Liberty Mutual plans workforce cuts

By Avi Ben-Hutta ·

The company is eliminating 850 positions.

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Featured Jobs

Vertafore automates policy processing with two new Velocity AI agents for independent agencies

By Vertafore ·

OneShield Appoints Terry Brown Chief Insurance Officer

By Debbie Ryan, OneShield ·

How AI is Changing Insurance Document Research

By Vertafore ·

Ascend Introduces Cora, an AI Coworker Designed to Enhance Automation, Starting with Commissions Reconciliation

By Ascend ·

reThought Flood selects Vertafore to expand access to private flood coverage

By Vertafore ·

Zywave Horizon: Cyber Risk NYC Brings Cyber Risk Leaders Together at a Crucial Moment as Market Forces Shift

By Zywave ·

Vertafore earns industry honors for innovation shaping the future of insurance technology

By Vertafore ·

2027 Insurance Trends: The Math is Getting More Complicated

By Evy Strom, ePayPolicy ·

How the Insurance Industry Can Drive Growth in the Age of AI

By Zywave ·

Flood Insurance vs. Home Insurance

By Melanie Musson, Clearsurance ·

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