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Unum partnered with Nationwide O2 (Telefonica UK) partnered with ERGO Tredder partnered with Tokio Marine America Del Toro Insurance partnered with GEICO InsurX partnered with AXA XL Tredder picks Canopy Connect in Sales National Guardian Life Insurance Company picks iCover in Underwriting Armed Forces Insurance picks Guidewire in Admin Devoted Health raised $112M Wisedocs raised $3.26M Square Insurance Brokers Pvt. Ltd. raised $2.99M When Insurance raised $4.6M Chaiz raised $3.96M Clearcover picks Ada Support Inc in Customer Service POE-MA INSURANCES picks Babel Cover in Sales

GEICO ends Q2 with $1.78 billion profit

By Avi Ben-Hutta

GEICO’s loss ratio was 74.1% in the second quarter.

Business

Hong Kong-based ZA Bank has received its insurance agency license

By Gabriella Ben-Hutta ·

The move sees ZA Bank become Hong Kong’s first virtual bank to be the agent of insurance products powered by a digital-only insurer, 10 months after the bank’s official launch.

Product

By Miles launches B2B initiative By Bits

By Shefi Ben-Hutta ·

By Bits provides two main services - an insurance rating engine and an insurance policy management system.

Financials

Allstate to sell its life insurance company

By Gabriella Ben-Hutta ·

Allstate has agreed to sell Allstate Life Insurance Company to Blackstone for $2.8 billion.

Product

Vitality to launch car insurance with Covéa Insurance

By Gabriella Ben-Hutta ·

VitalityCar will be available to consumers to purchase directly, with existing members able to access a number of benefits and rewards at launch.

Financials

PNC Bank to acquire Tempus Technologies

By Gabriella Ben-Hutta ·

The acquisition will expand PNC Treasury Management's payments platform.

Investments

Real estate technology startup Darwin Homes raises $15 million

By Coverager ·

The Series A funding will be used to expand the company's service to new locations, beginning with Florida, Ohio, Tennessee, Colorado and North Carolina.

Member News

Tractable and Mitchell to offer combined solution for AI vehicle repair estimating

By Casey Sobota ·

Tractable, the artificial intelligence company for accident & disaster recovery, today announces a new partnership with Mitchell, a leading provider of technology, connectivity and information solutions to the Property &...

Investments

Home lending platform Roostify raises $32 million

By Coverager ·

Today, the company supports more than 200 lending institutions and handles roughly $50 billion in loan volume monthly.

Investments

Money app Albert raises $100 million

By Shefi Ben-Hutta ·

When it comes to insurance, Albert has partnered with Ladder to offer life insurance, Lemonade to offer home and renters insurance and Trellis to offer car insurance.

Member News

Smartcar and True Mileage partner to offer auto insurers UBI data

By Amber Livingston ·

Smartcar and the usage-based insurance (UBI) analytics provider True Mileage partner to launch a simple and accurate mileage and UBI solution for auto insurers. Smartcar’s APIs allow insurers to verify...

Investments

Northwestern Mutual invests in money app Goalsetter

By Coverager ·

Founded in 2015, Goalsetter is a debit card with a financial literacy curriculum designed for teens and tweens.

Investments

Farmers invests in Jetty

By Gabriella Ben-Hutta ·

The investment follows the recent announcement of Farmers Insurance becoming the exclusive reinsurance provider for all new Jetty policies.

Investments

Health insurance startup Sidecar Health raises $125 million

By Coverager ·

The round was led by Drive Capital and joined by new investors BOND, Tiger Global and Menlo Ventures along with existing investors Cathay Innovation and GreatPoint Ventures.

Investments

Commercial insurance startup Joshu raises $3.7 million

By Coverager ·

The Menlo Park-based company helps insurance carriers and MGAs launch online distribution channels.

Member News

Rhino Announces $95 Million New Capital Raise

By Paraag Sarva ·

Security deposit insurance pioneer set to significantly expand operations to reach its goal of saving renters $500 million in 2021 Rhino, the New York City-based insurtech company that pioneered security deposit...

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Member News

Encova Insurance Expands Partnership With CAPE Analytics For More Accurate Core Property Characteristics

By Kayvan Farzaneh, CAPE Analytics ·

5 Pillars for a Connected Insurance and Modern Customer Experience

By Appian, Appian ·

Tara Casanova Powell Joins Cambridge Mobile Telematics Road Safety Advisory Board

By Cambridge Mobile Telematics, Cambridge Mobile Telematics ·

Insurance 101: Understanding Insurance Carrier Terminations

By AgentSync, AgentSync ·

New Cake & Arrow Report Explores Transforming Claims Customer Experience to Better Connect with Customers

By Emily Smith Cardineau, Cake & Arrow ·

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

By Cambridge Mobile Telematics, Cambridge Mobile Telematics ·

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

By Melanie Musson, Clearsurance ·

Insurance and Artificial Intelligence: 4 Emerging Trends for 2024

By Appian, Appian ·

Canopy Connect Unveils Insurance Data Intake Platform for Insurance Agencies

By Insurance Verification, Canopy Connect, Inc. ·

6 Unique, Tech-Forward Tools to Aid in Loss Prevention in the Event of a Natural Disaster

By AgentSync, AgentSync ·

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