Company Archive

Coverager Data

Shelter Insurance picks One Inc in Claims 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 Steady Technologies raised $5.41M Eleos Life partnered with teachr Marsh partnered with TIPI Insurance Partners Embedded Insurance raised $4M Beagle Labs raised $4.1M 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.

Strategy

Amazon to buy One Medical

By Avi Ben-Hutta ·

Amazon will acquire One Medical for $18 per share in an all-cash transaction valued at approximately $3.9 billion.

Business

Acrisure acquires MSPs to expand cyber services offering

By Coverager ·

Acrisure has acquired Catalyst Technology Group and ITS Inc.

Business

GEICO to shut down local offices in California

By Avi Ben-Hutta ·

In April we reported that the insurer has paused phone sales in several states.

Member News

Ivans Index Q2 2022 Results Released

By Lauren Malcolm ·

Average premium renewal rate changes of nearly all major commercial lines of business remain up year over year, while all lines increase month over month except Umbrella UNIVERSITY PARK,...

Investments

Gordian Software raises $25 million

By Avi Ben-Hutta ·

The startup will use the funding to introduce new products such as insurance and fare protection, among other things.

Business

Asurion makes cuts

By Avi Ben-Hutta ·

Asurion is laying off ~1,000 employees.

Business

Varo Bank lays off 75 employees

By Avi Ben-Hutta ·

Varo is backed by Progressive.

Business

Propeller Bonds partners with SIAA

By Gabriella Ben-Hutta ·

The alliance writes over $10.8B in total written premium annually.

Business

Products from MassMutual now available on iPipeline’s platform

By Gabriella Ben-Hutta ·

The expanded access is being made possible by MassMutual Strategic Distributors (MMSD), a dedicated third-party distribution channel introduced by MassMutual in early 2021.

Investments

Zesty.ai raises $33 million

By Coverager ·

Zesty.ai is an AI-powered property risk analytics solution provider.

Marketing

Root announces three new sports partnerships

By Coverager ·

Root’s name, logo, and advertisements will be integrated into the teams’ media, game-day graphics, and sponsored content.

Strategy

Next partners with Evident to distribute small business insurance

By Shefi Ben-Hutta ·

The idea is to offer small business insurance to companies that Evident verifies.

Investments

Resolve raises $3.3 million

By Gabriella Ben-Hutta ·

Founded in 2019, the company audits, reviews, and negotiates medical bills to identify errors and problems.

Investments

Corvus expands partnership with SiriusPoint and R&Q Accredited

By Shefi Ben-Hutta ·

The latest multi-year investment from SiriusPoint and R&Q Accredited adds an additional $100 million to the program.

Member News

Breeze Adds Short-Term Disability Insurance to Growing Online Platform

By Michael Brown ·

The short-term product is unique to the market and complements multiple long-term products already available on Breeze.

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Member News

The AI Opportunity in Claims and Underwriting

By Vertafore ·

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 ·

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