Coverager® - Insurance News and Insights

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Towne Insurance picks XILO in Sales Avibra raised $3.16M Next Wave Insurance Services partnered with CNA Insurance Next Wave Insurance Services partnered with Everspan Group Next Wave Insurance Services partnered with Home State County Mutual Insurance Next Wave Insurance Services partnered with AIG Next Wave Insurance Services partnered with Spinnaker Insurance Company AAA picks Trust & Will in Customer Service Manulife picks OpenAI in Customer Service F&G raised $500M Ullico picks MyLifeProtected in Sales New York Life Insurance raised $600M CyberCube picks Sixfold AI in Underwriting Sava Re raised $55.86M Qantev raised $33.51M

Towne on Top

By Shefi Ben-Hutta

The changing landscape of bank-owned insurance.

Investments

CRH Ventures leads Series B funding round in FIDO

By Gabriella Ben-Hutta ·

FIDO is a developer of sensor-based technology and software platform designed for companies to get rid of leaks and save water.

Innovation

Manulife adopts GenAI

By Coverager ·

Launches two GenAI initiatives in Singapore.

Business

RSA launches new D&O product

By Coverager ·

This D&O product follows the refresh of RSA's Management Liability product last year.

Member News

GradGuard Recognized as a RISE Elite Top 50 Internship Award Recipient for Second Year in a Row

By John Fees ·

GradGuard, the authority in helping schools educate and protect students from the risks of college life, is recognized as a RISE Elite Top 50 Internship Award Recipient for Second Year in a Row.

Business

Lyft and Mobilitas renew partnership

By Coverager ·

Lyft and Mobilitas have partnered since 2020.

Member News

Penalty for Driving Without Insurance Can Exceed $1,500

By Melanie Musson ·

Instead of taking on the risk of penalties and assuming liability for an accident's costs out of pocket, drivers should look for ways to save money on car insurance and get coverage that will adequately protect them.

Product

Ullico Select expands to offer home and auto insurance

By Shefi Ben-Hutta ·

Users must agree to be contacted by Gallagher Affinity and its affiliates.

Strategy

Octane secures $500 million funding to expand powersports financing

By Shefi Ben-Hutta ·

Rider Insurance, now part of Plymouth Rock, was one of Octane's earliest investors.

Business

WTW to sell TRANZACT

By Coverager ·

The sale is expected to close by the end of 2024.

Investments

Dai-ichi Life backs Sakana AI

By Gabriella Ben-Hutta ·

Sakana AI raised $70 million in a Series A funding round.

Investments

Nym raises $47 million

By Coverager ·

Nym has developed an engine that analyzes patient medical records to facilitate communication with insurance companies.

Business

Ripe acquires Munich Re Specialty’s GJW Direct

By Coverager ·

The transaction is set to complete in the first half of 2025.

Investments

Air Doctor raises $20 million

By Avi Ben-Hutta ·

Munich Re Ventures and Tokio Marine participated in the round.

Technology

RapidSOS acquires eDispatches

By Coverager ·

Mesirow advised eDispatches on its sale to RapidSOS.

Member News

3 Reasons Not to Get Your Adjusters a Florida DHS

By AgentSync ·

There are a number of things that make adjuster licensing so fraught. One of them is that there’s not a single agreed-upon standard for adjusters the way there is for producers.

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Featured Jobs

Associate State Manager, Commercial Lines

The Hanover

Underwriting Manager (Small Commercial Insurance - All Lines)

Thimble

Production Underwriting Specialist

Great American Insurance Group

Member News

How MGAs can boost speed to market strategies

By Vertafore ·

Kyber Achieves SOC 2 Type 1 Certification, Strengthening Data Security Commitment

By Sav Gadoo ·

OneShield Broadens Technology Ecosystem with Input 1, Expanding Insurance Payment Capabilities

By Janice Merkley, OneShield ·

OneShield Expands Technology Ecosystem with Charlee.ai, Enhancing AI Capabilities within their Core Platforms

By Janice Merkley, OneShield ·

Herald Introduces AI-powered Data Extraction

By Herald, Herald ·

Coterie Insurance Enables Instant Business Insurance with BTIS

By Katherine Jones, Coterie Insurance ·

HawkSoft Welcomes Rhodian Group to Solution Partner Program

By HawkSoft, HawkSoft ·

Crimes Against Customers: Part 3 – Technology Crimes

By AgentSync, AgentSync ·

Kyber Unveils Platform to Automate Claims Notices & Letter for Insurance Claim Teams

By Sav Gadoo ·

Gerent & Herald Revolutionize Workflows for Insurance Brokerages

By Herald, Herald ·

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