Insurtech Pros on The Move
Online insurance marketplace Coverfox has appointed Premanshu Singh as its new CEO, as cofounder and ex-CEO Varun Dua moves to head Acko General Insurance, the Mumbai-based insurer, that has so far secured $30M to launch a digital offering. Speaking of Coverfox, according to the Economic Times (ET), it is looking to shift its focus to term life insurance, which currently contributes to less than 1% of its bottom line. “In two years, we expect life insurance to contribute to 50% of the overall business revenues. In terms of premiums, life insurance helps the revenue growth better” – Coverfox CEO Premanshu Singh told ET.
Maxime Rieman is no longer CoverWallet’s Director of Online Channel Product Marketing. Rieman joined the digital commercial broker back in June 2016. As of this month, she is a product manager over at ValuePenguin, a personal finance website that conducts in-depth research & analysis on a variety of topics from insurance to credit cards. In insurance, this is pretty much what ValuePenguin boils down to:
Dov Sugarman is no longer the Strategic Partnerships Manager at SafeBeyond, the digital legacy planning tool with an emotional touch.