M&A

Macquarie Group will sell its life insurance business to Zurich Australia citing the need for significant scale in order to drive appropriate returns in the life insurance industry. Off On a Tangent: the…

A word with 500 Startups CEO

“Zenefits has made mistakes but it never lost its product-market fit” – 500 Startups CEO, Dave McClure, is optimistic about the future of Zenefits. Speaking of Zenefits, it isn’t the first to break to rules….

Beam lands a distribution partner

Beam Dental partnered with Flock to bring their wellness/dental product to brokers. Recall: Flock is a SaaS company backed by Heffernan Insurance Brokers to combat Zenefits.

The struggle of health insurers

Health insurer Oscar, valued at $2.7 billion, reported $105.2 million losses last year; $92.4 million in New York and $12.8 million in New Jersey. Bottom Line: the company spent more on medical…

Revolving doors

American Modern Insurance Group, a subsidiary of Munich Re, has named a new CEO. Andreas Kleiner. Starting May 1. Ex-CEO Manny Rios is now the leader of a South African insurance…

Suburban Corp comes to Chicago

Northbrook-based Allstate will open an innovation office for 400 employees in Merchandise Mart, Chicago, this spring. The 45,000-square-foot spot will house its data scientists and its connected car team. Bottom Line: one way to…

YourMechanic Announces $24 Million in Funding

YourMechanic, the leading on-demand auto mechanic service that is changing the way consumers schedule and perform car maintenance, announced today that it has raised $24 million, which brings its total financing…

Hand-made on demand insurance

London-based Belong Safe launched on demand host insurance to cater for ‘Airbnb style’ home-sharing insurance needs. The broker provides an online platform for hosts where they can indicate in which…

Geico has done it again

‘Buffett’s favorite’ released a clever follow up to its Unskippable ads. Think: “Fast Forward” online video ad campaign, where a Geico ad begins, cuts itself off and tells the viewers it’s fast forwarding…

How low can you go?

Satisfaction with homeowners’ insurance policies slipped for the first time in five years, according to a JD Power and Associates report that surveyed people who made claims against their policies….

Alpha Loft selects ValChoice

New Hampshire startup accelerator Alpha Loft chose six companies to participate in Accelerate NH 2016. One such company is ValChoice, an analytics platform measuring financial and compliance data points of insurance companies. Some call…

Vertafore acquires Keal

Insurance software provider Vertafore acquired Keal Technology, a leading provider of broker and commercial management systems in Canada. One gets financial backing, the other expands its international footprint. Keal will be keeping its brand….

Google launches DeepMind in UK

A new industry-specific program called DeepMind Health has been launched by Google’s DeepMind Artificial Intelligence group. The group is working on a ‘Streams app’ to help diagnose acute kidney injury and is…

Content is king

Progressive launched a new blog. Lifelanes. Bottom Line: content is king if the kingdom is interested.

A word with Warren Buffett

“One of my friends says he is glad that only a few animals can talk, since the ones that do speak seem unable to discuss any subject but insurance” – Warren…

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