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CompScience partnered with AmTrust Financial QBE Insurance partnered with Cornerstone Direct Line Insurance picks LeakBot in Risk Mitigation Vienna Insurance Group (VIG) picks ServiceNow in Admin Stateside Underwriting Agency partnered with QBE North America Universal Sompo partnered with Amplio Invest Coverdash partnered with Swyft Filings Bindable picks Canopy Connect in Sales Northbridge Financial picks EcoClaim in Claims Sedgwick uses Artificial Intelligence in Claims Coalition raised $30M Humana raised $1.25B RGA raised $700M Napo raised $15.18M Adaptive Insurance raised $5M

Arthur J. Gallagher & Co to acquire Woodruff Sawyer

By Coverager

Gallagher will acquire Woodruff Sawyer for consideration of $1.2 billion.

Business

Allstate acquires National General for $4 billion

By Coverager ·

The transaction is expected to close in early 2021, subject to regulatory approvals and other customary closing conditions.

Investments

Toronto-based Foxquilt raises $3.5 million in Seed

By Coverager ·

The company's next step is becoming a full-service insurance provider with a self-serve platform - allowing customers to purchase policies online and amend policy features as their business changes.

Technology

Nationwide partners with Verisk on UBI

By Coverager ·

Nationwide has partnered with Verisk to allow drivers who opt to share driving data gathered from their eligible connected vehicle to bypass the monitoring phase of Nationwide’s SmartRide® usage-based insurance (UBI)...

Business

DocuSign acquired online agreement collaboration platform Liveoak Technologies

By Coverager ·

Founded in 2014, Liveoak Technologies has raised $13 million since its inception and is currently a team of ~34.

Financials

ProSight Specialty announces closing of new debt refinance facility

By Coverager ·

ProSight Global, Inc. has announced that it has entered into a $165 million delayed draw term loan which will refinance existing indebtedness.

Investments

Felix raises $800k

By Coverager ·

Founded in 2017, Felix is a team of 10. It offers an all-in-one SaaS platform that brokers use to "instantly modernize the way they do business and leapfrog their competitors."

Strategy

Introducing Switzerland’s first mobile bancassurance solution

By Shefi Ben-Hutta ·

Swiss insurer that serves over one million customers announced its latest alternative distribution strategy. Digital bank and a Revolut competitor is offering car, bike, and household insurance by , the...

Business

Walmart forms insurance agency

By Avi Ben-Hutta ·

The Bentonville-based retailer has established an agency by the name of Walmart Insurance Services LLC.

Business

Chubb announces second quarter 2020 global net catastrophe loss estimates

By Avi Ben-Hutta ·

Chubb announced global net catastrophe loss estimates for the second quarter of 2020 of $1,807 million pre-tax, or $1,510 million after tax.

Innovation

Moku is currently under construction

By Shefi Ben-Hutta ·

The company has a partnership with Old Mutual Alternative Risk Transfer to offer credit life insurance and funeral insurance.

Investments

P2P motorcycle sharing platform Riders Share raises $2 million

By Avi Ben-Hutta ·

Launched in 2018 by Guillermo Cornejo, who worked at Nissan Motors, General Motors and Hyundai, Riders Share has now served over 10,000 unique customers and listed over 10,000 motorcycles for rent on its platform.

Innovation

Wolt partners with on-demand insurance platform Demandoo to serve freelancers

By Shefi Ben-Hutta ·

Wolt's insurance coverage will only be activated from the moment the messenger signs that he is available for delivery, and up to half an hour after he signs that he has finished receiving shipments. Also, couriers will be able to file a claim in full using the Wolt's app.

Business

MicroEnsure, TonkaBI and STP Group merge to launch The Micro Insurance Company

By Coverager ·

The Micro Insurance Company brings together resources, expertise and skills in underwriting, technology and distribution.

Investments

FraudScope raises $7 million to address healthcare fraud

By Shefi Ben-Hutta ·

Founded in 2016, FraudScope is an AI-based platform that helps identify fraud, waste, and abuse in healthcare.

Business

Paytm, Vijay Shekhar Sharma to acquire Raheja QBE

By Avi Ben-Hutta ·

Paytm, whose services are used by tens of millions of Indians each month, said that it currently is in the process of acquiring 100% stake in the company.

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Featured Jobs

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Travelers

New white paper exploring what's inhibiting AI success in life & annuity

By Team at Sureify, Sureify ·

Case Study: Harbor Claims Saves Adjusters 50% of Time Spent Drafting With Kyber

By Arvind Sontha, Kyber ·

Vertafore report shows how carrier processes, communication and technology impact the agent experience

By Vertafore ·

Insurance Comparison Shopping Made More Efficient for Consumers and Agents Through Bindable’s New Integration with Canopy Connect

By Mary Clare Riordan, Bindable ·

Path to Profitability: Market Risks Facing Agencies and Carriers for Medicare Open Enrollment 2025

By AgentSync, AgentSync ·

USAA: Cheapest Car Insurance in Florida

By Melanie Musson, Clearsurance ·

AMS360 named top insurance agency management system in G2’s 2025 Software Awards

By Vertafore ·

Fusion Specialty partners with Insly to accelerate growth in M&A insurance

By HAMMAD MIRZA, Insly ·

Understanding insurance commission management

By Vertafore ·

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

By Daisy Okas ·

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