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Phone House partnered with Zurich Seguros Spot Insurance partnered with Inntopia SendCloud partnered with Cover Genius Spirit Airlines partnered with Cover Genius Insurify partnered with Santander Consumer USA StretchDollar raised $1.6M Holmes Murphy & Associates picks TrustLayer in Admin Ascot Group picks Percipience in Underwriting Boundless Rider picks Functional Finance in Admin Cover Whale picks Functional Finance in Admin American Trucking & Transportation Insurance picks Gradient AI in Underwriting Mahindra Insurance Brokers raised $24.84M bolttech raised $50M Openly raised $100M Godspeed Financial raised $96.25K

Amazon invests in Anthropic to advance safe AI

By Shefi Ben-Hutta

With this investment, Amazon will acquire a minority share in Anthropic

Business

Deja vu

By Avi Ben-Hutta ·

Minneapolis-based Bright Health, which recently raised $80 million, is reminding us of its plans to launch in Colorado and provide health insurance through Centura Health. Bottom Line: Narrow networks and integrated healthtech experiences are trending at...

Business

Life after acquisition

By Avi Ben-Hutta ·

UK-based Inzura is launching an app that uses “smartphone data and photo recognition” to calculate car insurance premiums. Fun Fact: Cofounder Richard Jelbert was the founder of telematics firm MyDrive Solutions, which...

Business

The state of ignorance

By Avi Ben-Hutta ·

“The industry is passive and waiting” – Matthias Uebing of German consulting firm Zeb summarizes the findings of a recent study. Bottom Line: don’t ask German insurers to name more than a handful of...

Business

Recall Margo

By Avi Ben-Hutta ·

That’s Philly-based part-digital insurance broker launched last year to inject trust and confidence in the insurance value chain. Well, they received a visit from Mayor Jim Kenney to chitchat on technology and entrepreneurship. Bottom Line: difficult...

Business

Allstate plans to sell your data

By Avi Ben-Hutta ·

The Northbrook-based insurer with some 1 million UBI policies is bullish on telematics creating a separate unit called Arity that will focus on data management and data analytics with a...

Business

A word with FitSense CEO

By Avi Ben-Hutta ·

“Our initial thought was to use the new data directly for underwriting purposes, but most of the companies we talked to are not yet ready for this, and therefore see...

Business

Pay attention to Apple

By Avi Ben-Hutta ·

Because Tim Cook gets really excited when discussing the opportunity in healthcare to do something for reasons other than reimbursement, saying that Apple has gotten into the health, wellness and some patient-care stuff.

Business

Pay Attention to Llama

By Avi Ben-Hutta ·

Take note of Rent Llama; a new site set to launch this fall in Virginia that’s meant to act as a marketplace for users to rent their stuff. By stuff, think:...

Business

CyberPolicy by CoverHound

By Avi Ben-Hutta ·

Before. After. Progress.

Business

Drones squared

By Avi Ben-Hutta ·

Flying a drone? Consider Verifly. The first app for on demand drone insurance for personal and commercial use. Founded by Jay Bregman and Eugene Hertz. Underwritten by London-based Global Aerospace. Located in Soho. Available...

Business

Berkshire Hathaway Travel Protection is partnering like cray cray crazy

By Avi Ben-Hutta ·

BHTP’s products are now available on aggregator website TripInsuranceZone. This is the third announcement from the insurer in the last two weeks as the company (1) announced a similar strategy...

Business

Moral Machine

By Avi Ben-Hutta ·

“Moral Machine” – A series of ethical dilemmas recently developed by MIT Media Lab on the subject of ‘what should driverless cars do if…’, but really it’s just a series of questions...

Business

Stay tuned…

By Avi Ben-Hutta ·

It appears that the founder of Bike-ID, a Berlin-based startup that allows bicycle owners to purchase theft-slash-damage coverage via an app, is working on Bike-ID 2.0 in the name of Inzmo. Think: Hassle-free insurance over your mobile phone. Bottom...

Business

Sold not bought

By Avi Ben-Hutta ·

Axa is exiting Romania. Vienna Insurance Group (VIG) will be picking up the pieces subject to regulatory approval. By pieces think: Axa Life generated more than $5 million in gross written premium. Back home,...

Business

New entrant: Watford Specialty

By Avi Ben-Hutta ·

Surplus lines insurer Watford Specialty, a unit of Bermuda-based Watford Re, is entering the US market via its acquisition of Professionals Direct Insurance, which “provides Watford with the ability to access the...

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Member News

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