Coverager® - Insurance News and Insights

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WeatherPromise partnered with JetBlue Airways WeatherPromise partnered with Greenlight Re Falcon Insurance Group picks Liberate in Claims RGA partnered with Equitable Adaptive Insurance raised $5M Selective raised $400M SiriusPoint raised $57.49M Lemonade picks Cambridge Mobile Telematics in Risk Mitigation TIH picks Auditoria.AI in Admin Oxbridge Re Holdings raised $3M Fair Car Insurance picks Octo Telematics in Underwriting Next Insurance picks ZestyAI in Underwriting COVU raised $10M Trilogy Underwriting partnered with Accelerant Holdings Movinx partnered with Liberty Mutual

Lemonade reports Q4 results

By Avi Ben-Hutta

Lemonade estimates that the impact of the CA wildfires on its Q1 2025 results will result in ~$45 million in gross losses.

Member News

Georgia Department of Transportation Launches Safe Driving App “Reach Home Safely”

By Cambridge Mobile Telematics ·

The app, powered by Cambridge Mobile Telematics, rewards fans for safe driving behaviors on the road August 1, 2024, ATLANTA, GA – The Georgia Department of Transportation (Georgia DOT) and Cambridge...

Member News

State Farm’s Drive Safe and Save: 30% Lower Rates

By Melanie Musson ·

Clearsurance.com recently released a report on State Farm’s usage-based insurance program, Drive Safe & Save. They discovered that policyholders who opt into this program could save as much as 30% on their monthly premiums.

Business

AXA to acquire Nobis Group

By Coverager ·

The upfront consideration for the acquisition will amount to €423 million.

Business

AXA Venture Partners’ leadership team acquires AXA’s stake in AVP

By Coverager ·

Following this transaction, AVP will change its name.

Business

AXA to sell AXA Investment Managers to BNP Paribas

By Coverager ·

AXA has entered into an exclusive negotiation to sell its asset manager AXA Investment Managers to BNP Paribas.

Business

Renaissance partners with Ansel

By Coverager ·

The new offering enables "quick and easy" benefit payouts to members when one of 13,000 covered conditions is diagnosed.

Business

Ryan Specialty and MagMutual announce exclusive relationship

By Coverager ·

Sapphire Blue will become MagMutual’s exclusive underwriter for policyholders outside the traditional physician and hospital model.

Business

AXA XL partners with U.S. Marine Insurance Group

By Coverager ·

AXA XL and U.S. MIG will provide protection against a wide range of risks.

Business

Coverdash partners with Revenued

By Coverager ·

Via Coverdash’s embedded technology, Revenued now offers all lines of business insurance to their customers.

Business

GM Insurance launches in Pennsylvania

By Avi Ben-Hutta ·

The company is now available in six states.

Business

Coalition launches in Germany

By Coverager ·

Coalition is offering coverage in five markets.

Business

Orion180 launches in Ohio

By Coverager ·

Coverage is offered through Orion Select Insurance Co., Orion180’s admitted insurance carrier.

Financials

Lemonade ends Q2 with $57 million loss

By Avi Ben-Hutta ·

Premium per customer stood at $387, 8% higher compared to Q2 2023.

Investments

Boost Insurance secures investment from BHMS

By Coverager ·

BHMS is a private investment firm with a specialty in middle market insurance and insurance-related businesses.

Business

Wefox completes two transactions to exit the German market

By Avi Ben-Hutta ·

These two transactions largely complete the announced exit of Wefox from the German market as part of the ongoing strategic realignment of the group.

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Klarity and Munich Re Life US Analyze Third-Party and Wearable Data to Uncover Mortality Risk Insights

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Insurance 101: The Insurance Distribution Channel Overview

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AmerAdjust Leverages Agentech’s Digital Claims Co-workers

By Robin Roberson, Agentech ·

Introducing Kyber's PCMS Integration: Your Key to Simplified Claims Communication

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Future Family Launches the First Nationwide IVF Insurance: Baby or Your Money Back

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Transform Your Templates Into Comprehensive Claim Notices With Kyber's Parameter Auto-Population

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2025 Insurance Carrier Appointment Renewals for Individual Producers

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5 ways a professional conference boosts your insurance career

By Vertafore ·

Sure launches Sure Verify™ to transform insurance coverage verification for property management industry

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L+M Development Partners Selects Five Sigma for Self-Insured Claims Management

By Oded Barak, Five Sigma ·

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