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W Insurance Company partnered with Spot Pet Insurance Sure partnered with PaxRent Knighthead Life picks Brain Co. in Admin MetLife Pet Insurance picks Fletch Technologies in Sales Charter Space partnered with Munich Re Charter Space partnered with AXA XL Charter Space partnered with AM Specialty Insurance Company Bold Penguin picks bolttech in Sales Charter Space raised $5M Santalucía picks FRISS in Claims Tokio Marine North America Services picks Monitaur in Admin Rosella Brokerage raised $3.7M Corgi raised $64M Outmarket AI raised $34.5M Abacus Global Management raised $400M

Branch restructures independent agency channel

By Shefi Ben-Hutta

Branch said it is reorganizing its independent agency team to provide faster service and give agency partners more ways to grow their business.

Investments

Next Insurance raises $265 million

By Avi Ben-Hutta ·

Allstate and Allianz X have made the investment.

Business

Hamilton announces launch of initial public offering

By Coverager ·

Hamilton is targeting a valuation of up to $2 billion.

Investments

Layr raises $10 million

By Avi Ben-Hutta ·

The company will use the funds to expand go-to-market operations and bolster its platform functionality for brokers.

Member News

Canopy Connect Unveils Auto Insurance Policy Servicing Capabilities

By Insurance Verification ·

Canopy Connect announced auto insurance policy servicing capabilities, which enables consumer-permissioned edits to insurance policies initiated by a Canopy Connect customer. This transforms a process that can take days or weeks—into minutes.

Financials

WeWork faces bankruptcy

By Shefi Ben-Hutta ·

The news comes after the CEO's remarks in August, expressing concerns about the company's financial stability.

Financials

COO of LendingTree signals a shift in the insurance landscape

By Shefi Ben-Hutta ·

The company's insurance segment includes information tools and access to insurance quotes including auto, home, health, and medicare.

Technology

Carpe Data launches AI-powered ClaimsX Ultra for early fraud detection

By Coverager ·

This automation streamlines claim processing, significantly reducing manual efforts and enhancing fraud prevention.

Financials

Columbus startup Olive shuts down after raising over $850 million

By Shefi Ben-Hutta ·

Following these sales, Olive will wind down its remaining operations.

Business

Arity partners with CSAA Insurance Group

By Coverager ·

CSAA will leverage the Arity IQ network.

Member News

Coterie Insurance Partners with Five Sigma to create differentiating long-term value for its small business customers

By Oded Barak ·

CINCINNATI, OH – October 31, 2023 – Coterie Insurance, the partnership-focused insurtech MGA simplifying small business insurance, announced a new partnership with Five Sigma, a claims management platform designed to...

Financials

Progressive sees CR improvement in Q3

By Avi Ben-Hutta ·

The company reported a net income of $1.12 billion.

Member News

Coterie Insurance Partners with Five Sigma to Create Long-term Value for Small Businesses

By Katherine Jones ·

“We’re thrilled to partner with Five Sigma to help supercharge our claims operations and enhance our commitment to a thoroughly digital and user-first claims experience,” said Morgan Smith, COO at Coterie Insurance.

Business

Ryan Specialty to acquire AccuRisk Holdings

By Coverager ·

The company generated approximately $25 million of revenue.

Investments

Generali commits €250 million to venture fund

By Avi Ben-Hutta ·

The venture will identify the most promising investment opportunities.

Member News

Ascend to Serve as a Financial Operations Automation Platform for Acrisure

By Andrew Wynn ·

San Francisco – October 31, 2023 — Ascend today announced that Acrisure, the global Fintech leader, will leverage its premier financial operations automation platform. Initially, Acrisure will leverage Ascend to...

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Featured Jobs

Head of Cyber Insurance Programs

Tint

Member News

How the Insurance Industry Can Drive Growth in the Age of AI

By Zywave ·

Flood Insurance vs. Home Insurance

By Melanie Musson, Clearsurance ·

EquiTrust Partners with Sureify to Build a More Connected Digital Future

By Team at Sureify, Sureify ·

Fuse Launches Environmental Hub, Combining Safety, PFAS and Litigation Signals Into One View of the Waste Risk Market

By Sean Bourgeois, Fuse ·

The Agentic Agency: Changing How Agency Work Gets Done

By Vertafore ·

5 Takeaways Every Broker Should Steal From Zywave Horizon: Digital Distribution Conference

By Zywave ·

Sureify Expands CoreCONNECT™ Platform with New aiCONNECT Purpose-Built for the Life & Annuity Industry

By Team at Sureify, Sureify ·

TrustLayer to Acquire PolicyReview, Expanding Leadership in AI-Powered Third-Party Risk Management

By John Fohr, TrustLayer ·

Vertafore Launches Velocity Document Intelligence Agent to Automate Research Across Insurance Workflows

By Vertafore ·

The AI Opportunity in Claims and Underwriting

By Vertafore ·

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Branch restructures independent agency channel

Next Insurance raises $265 million

Hamilton announces launch of initial public offering

Layr raises $10 million

Canopy Connect Unveils Auto Insurance Policy Servicing Capabilities

WeWork faces bankruptcy

COO of LendingTree signals a shift in the insurance landscape

Carpe Data launches AI-powered ClaimsX Ultra for early fraud detection

Columbus startup Olive shuts down after raising over $850 million

Arity partners with CSAA Insurance Group

Coterie Insurance Partners with Five Sigma to create differentiating long-term value for its small business customers

Progressive sees CR improvement in Q3

Coterie Insurance Partners with Five Sigma to Create Long-term Value for Small Businesses

Ryan Specialty to acquire AccuRisk Holdings

Generali commits €250 million to venture fund

Ascend to Serve as a Financial Operations Automation Platform for Acrisure

Southeast State Manager

Voice Product Manager – Home

Head of Cyber Insurance Programs

How the Insurance Industry Can Drive Growth in the Age of AI

Flood Insurance vs. Home Insurance

EquiTrust Partners with Sureify to Build a More Connected Digital Future

Fuse Launches Environmental Hub, Combining Safety, PFAS and Litigation Signals Into One View of the Waste Risk Market

The Agentic Agency: Changing How Agency Work Gets Done

5 Takeaways Every Broker Should Steal From Zywave Horizon: Digital Distribution Conference

Sureify Expands CoreCONNECT™ Platform with New aiCONNECT Purpose-Built for the Life & Annuity Industry

TrustLayer to Acquire PolicyReview, Expanding Leadership in AI-Powered Third-Party Risk Management

Vertafore Launches Velocity Document Intelligence Agent to Automate Research Across Insurance Workflows

The AI Opportunity in Claims and Underwriting

Share a news tip with Coverager