Coverager® - Insurance News and Insights

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Prudential Corporation Asia uses Wearables in Beyond Insurance Honda Motor partnered with Nationwide Progressive uses Telematics in Sales Rippling partnered with AP Intego By Miles partnered with Honcho Guardian Direct partnered with Fabric Technologies MS Amlin uses Digital / Other in Admin Swiss Re uses AI / Machine Learning in Claims RLI Insurance Company uses Messaging Apps in Claims Uber partnered with INSHUR AgentSync raised $4.4M Buckle raised $31M Trusty.care raised $1.5M WeGroup raised $3.53M JetClosing raised $9M

Friday Feeling: Next-gen rating models

By Shefi Ben-Hutta

In short, streamlining quoting applications and eliminating eligibility questions is what you do today to free up your mind to identify the data needed to price risk tomorrow as cars, homes, and workplaces are becoming smarter and safer and as external players with access to better data may someday simply be 'insurance entrants.'

Business

Insurance for women, by women

By Avi Ben-Hutta ·

Stella is a collaboration between publisher Bauer Media, Sam White’s Freedom Group, Viper Capital and investment firm Envest.

Business

Varo Money granted national bank charter

By Gabriella Ben-Hutta ·

This represents the first ever national bank charter granted to a US consumer fintech and will allow Varo to offer customers comprehensive, FDIC-insured banking services.

Investments

Jupiter raises additional capital from Liberty Mutual, MS&AD and SYSTEMIQ

By Gabriella Ben-Hutta ·

Jupiter will use the new capital to fuel the company's expansion of its operations and increase product development to meet the evolving needs of leading global companies in new geographies.

Investments

JetClosing raises $9M in Series B funding

By Gabriella Ben-Hutta ·

The investment will fuel continued expansion for the cloud-based digital title company, streamlining historically manual, in-person processes that have lacked transparency and efficiency for home buyers, sellers, agents, and borrowers.

Opinion

Friday Feeling: Mutual of Who?

By Avi Ben-Hutta ·

In the 1970s, the US Federal Trade Commission (FTC) began encouraging advertisers to make comparisons with named competitors, with the broad, public welfare objective of creating more informative advertising. The...

Investments

Lemonaid Health raises $33 million Series B

By Coverager ·

Online platform connects over one million patients to doctors and prescriptions without having to leave home.

Business

Travelers enhances IntelliDrive app to promote safe driving

By Gabriella Ben-Hutta ·

IntelliDrive provides customers with a better understanding of their driving habits – and rewards them for safe driving – by collecting and assessing data on behaviors such as hard braking, rapid acceleration, speed, the time of day customers drive and now, distracted driving.

Business

Oscar launches new $0 virtual primary care as part of 2021 expansion plans

By Gabriella Ben-Hutta ·

The company will offer health insurance to individuals and families in four new states and 19 new markets during the upcoming Open Enrollment period, pending regulatory approvals.

Business

DropIn rebrands for AI

By Gabriella Ben-Hutta ·

Founded in 2015, the company has evolved from a video streaming partner into an AI-focused, video-enabled surveying platform.

Business

Verisk acquires LocationAware.io

By Coverager ·

LocationAware.io harnesses the GPS functionality of mobile devices to provide company managers with an in-the-moment view of field staff’s location.

Member News

SE2 Announces Executive Leadership Appointments

By SE2 ·

SE2, an Eldridge business, and a best-in-class insurance technology company, today announced three appointments to its executive team to support the company’s ongoing evolution to being a leading product and...

Member News

The Importance of High-Precision Geolocation in Wildfire Risk Estimation

By Raj Mukherjee ·

Acres burned by wildfire in the US have climbed year after year since the early 1980s, increasing in both frequency and intensity. In California, the Butte County Camp Fire in...

Investments

Alydia Health announces $13.9M financing

By Gabriella Ben-Hutta ·

Proceeds will be used to support the anticipated US commercial launch of the Jada System, an innovative technology designed to rapidly control and treat postpartum hemorrhage (PPH), also known as abnormal postpartum uterine bleeding.

Member News

IAT Insurance Group Selects One Inc for Digital Claims Payments

By Jennifer Overhulse ·

FOLSOM, CA — July 30, 2020 – One Inc, a digital payments platform provider for the insurance industry, is pleased to announce IAT Insurance Group (IAT) has selected ClaimsPay, part...

Business

Senior Market Sales joins Alliant Insurance Services

By Gabriella Ben-Hutta ·

The entire SMS team will join Alliant and continue serving clients nationwide under the Senior Market Sales name from its Omaha headquarters.

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Member News

Omniscience receives key patent for first use of AR for the computational enterprise

By Pallavi Ramnarain, Omniscience ·

Innoveo Launches the Power of eBro for the SME Broker Market

By Deborah Polydys, Innoveo AG ·

Uber upgrades insurance for drivers in the Netherlands by partnering with INSHUR

By Paul Doran, INSHUR ·

Join the No- Code Movement: Questions About No-Code Development You Always Wanted to Ask

By Deborah Polydys, Innoveo AG ·

The critical role of insurance technology in the time of COVID-19

By Wayne Slavin, SURE ·

IMS Extends Telematics SDK Partnership with Onlia

By Jennifer Overhulse, St. Nick Media Services ·

SMB Insurance acquired by Kernan Insurance Agency

By Mike Chapman, Niche Market Leads ·

Virtual Underwriting at Lloyd’s - build it and they will come

By Ben Heaney, Dialogue ·

Maintaining the Covid-19 Life Insurance Bump

By The Breathe Life Team, Breathe Life ·

The post-Covid19 automotive insurance market and the industry shift to digital

By Alan Inskip, Tempcover ·

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