Coverager® - Insurance News and Insights

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Prudential Financial uses Artificial Intelligence in Claims Aviva partnered with Q Underwriting Ethos Specialty partnered with Aviva RT Specialty partnered with Counterpart AXA XL picks Gecko Risk in Underwriting Guardian Life picks Sierra in Admin Escapia partnered with Faye ViaSafely partnered with Crum & Forster Kalepa raised $75M Mitchell International picks Tractable in Claims Frontline Insurance picks Sentra in Admin Guava AI Systems raised $12.5M Lazarus AI raised $43M Prudential plc raised $850M Collective raised $60M

GEICO adds auto insurance estimates to ChatGPT

By Shefi Ben-Hutta

GEICO joins U.S. insurers including Allstate, Liberty Mutual, Plymouth Rock, MetLife Pet, EMPLOYERS and ALPS.

Product

SoFi announces first credit card that can help people pay down debt

By Gabriella Ben-Hutta ·

Carrying no annual fee, the card, for which Mastercard is the exclusive card network, provides up to 2% unlimited cashback when redeemed into SoFi Money or SoFi Invest accounts, or used to pay down SoFi Student Loans or SoFi Personal Loans.

Investments

Superscript raises £8.5M to scale its small business insurance offering

By Gabriella Ben-Hutta ·

This additional investment follows Superscript’s £8 million Series A funding in February 2020.

Member News

Grupo Ageas Portugal selects FRISS to prevent and protect their customers from fraud

By Ruud van Gerwen ·

Grupo Ageas Portugal, serving approximately 1.7 million clients with 1,281 employees and via 2,722 agents, announced today that they have selected FRISS Fraud Detection at Claims in order to streamline...

Investments

Wearable technology company Whoop raises $100 million

By Gabriella Ben-Hutta ·

The company is valued at $1.2 Billion.

Financials

Root announces pricing of IPO

By Gabriella Ben-Hutta ·

Root’s common stock is expected to begin trading on the Nasdaq Global Select Market on October 28, 2020, under the ticker symbol ROOT.

Investments

Fabric raises $18 million in Series B funding

By Gabriella Ben-Hutta ·

Since its inception, the company has raised more than $30 million and is on track to grow accelerated term life insurance premiums by 5x in 2020.

Strategy

Curv partners with Coincover to offer clients key management and recovery services

By Gabriella Ben-Hutta ·

The service enables Curv clients to protect their digital assets.

Marketing

Tower Hill and Safeco announce marketing partnership

By Coverager ·

The teams have worked hard over the last year to make this "trailblazing concept a reality".

Member News

A commercial insurance executive’s perspective on the COVID-19 journey

By Omri Yacubovich ·

A COVID-19 diary by Matt Zender, SVP Workers’ Comp Strategy, AmTrust By David Schapiro Interviewer notes: I have known about Matt and his work at AmTrust for a long time, but...

Strategy

Santander partners with Aviva to deliver home insurance quotes to customers in half the time

By Gabriella Ben-Hutta ·

By more than halving the number of questions that customers would typically have to answer to get a home insurance quote, the average customer can get an online quote in under three minutes.

Strategy

Squaremouth launches battleface as its newest travel insurance provider

By Gabriella Ben-Hutta ·

The addition of battleface adds two new policies that focus on medical coverage and adventure travel to Squaremouth's growing product list.

Product

Mutual of Omaha introduces new disability income insurance solution

By Gabriella Ben-Hutta ·

Mutual Income Solutions covers a wider range of occupations (including medical professions), offers numerous optional add-on coverages, stackable discounts up to 30%, and an increased maximum monthly benefit of $20,000.

Strategy

PartnerRe partners with Ladder

By Gabriella Ben-Hutta ·

“We’re proud to be extending our reinsurance relationships through a new partnership with PartnerRe. True innovation in life insurance must happen on all fronts — great risk, great pricing, great customer experience. We’re thrilled about the things we can achieve in working together.” -CEO of Ladder, Jaime Hale.

Innovation

Virtudent and Guardian Life announce teledentistry partnership

By Avi Ben-Hutta ·

Virtudent provides preventive dental care and care coordination through teledentistry services, on-site services and virtual support.

Strategy

Slice Labs and AXIS to bring home based business insurance to small businesses

By Gabriella Ben-Hutta ·

The alliance with Slice allows AXIS to build its own unique offering on the Slice Insurance Cloud Services platform, and leverage digital distribution from Slice to offer an intelligent and on-demand digital insurance product.

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Featured Jobs

InsurGrid Launches AI-Powered Policy Change Monitoring to Flag Cancellations, Non-Renewals and Coverage Changes for P&C Agencies

By InsurGrid Team, InsurGrid ·

Zywave 2026 Fall Launch Connects Producers, Agencies and Carriers for Stronger Insurance Distribution

By Zywave ·

Why AI Makes Brokers More Valuable, Not Less

By Zywave ·

Vertafore’s New Velocity Change Request Agent Brings Speed and Insight to Drive MGA Growth

By Vertafore ·

Trucordia Streamlined Insurance Workflows to Give Staff Time Back

By Vertafore ·

Kyber Integrates with Sinch Mailgun to Bring Scalable, Auditable Email Delivery to P&C Claims Teams

By Kyber, Kyber ·

Five Sigma and Amarillo Technologies Partner to Advance Insurance Claims Modernisation for London Market

By Oded Barak, Five Sigma ·

EverPeak® Names Patrick Daley Chief Underwriting Officer

By Elizabeth Johnson, EverPeak Insurance ·

Bindable Enters Next Chapter of Growth Through Acquisition by Franklin Madison

By Mary Clare Riordan, Bindable ·

Insurance Intake Goes Inbox-First as Canopy Connect Introduces Email Intake

By Insurance Intake and Verification, Canopy Connect, Inc. ·

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