Coverfox picks up additional funding

India-based online insurance aggregator Coverfox raised more money to ensure it can compete against bigger rival, PolicyBazaar. Bottom Line: a two-year-old startup with over $14 million in funding. Off on a…

Connected home player Roost lands $5.5 million

California-based startup, Roost, which specializes in smart-home tech, landed $5.5 million in Series A funding from RPM Ventures and a subsidiary of USAA. Roost transforms existing home smoke and carbon monoxide alarms into smart…

AIG and Axis; the unlucky ones

AIG and Axis are reportedly the unlucky insurers behind the ‘life’s short, let’s get lucky’ website known as Ashley Madison. Recall: the adultery website was hacked last month in a breach that exposed…

AXA Announces the Launch of AXA Partners

Today, AXA Group announced the launch of AXA Partners, a unit dedicated to developing partnership business globally. AXA Partners will be involved in co-creation of offers and distribution agreements whereby…

Gocompare partners with Iovation

UK-based insurance aggregator, Gocompare, partners with Iovation, to launch a point-of-quote fraud detection service. Think: a la ‘every device has a story’, Iovation intelligence can tell whether the device used to…

Censio and Progressive announce partnership

Censio startup partners with Progressive to track and reward good drivers. Think: lower car insurance premiums. Fun Fact: backed by Sheryl Sandberg and Bain Capital Ventures to name a few funders. Bottom Line: “Fitbit for drivers” in…

State Auto reshuffles its leadership team

A la ‘hope is not a strategy’ State Auto reshuffles its leadership team so that you’ll know who is accountable if the company happens to have another disappointing quarter. All eyes look up…

A fintech disruptor in the making

SoFi, which is the hip name behind Social Finance, raised ~$1 billion more from investors bringing its valuation to ~$4 billion. Industry: Fintech via refinancing of student loans; but not…

State Farm boosts its Connected Care program

State Farm is partnering with Lively to provide the elderly a medical alert device that will track their activity through sensors placed throughout their home. Customers are eligible to receive the Lively system through…

Ping An and Bought By Many announce partnership

“These big insurance companies need to look to the future, and a big part of it is they have to team up with startups and team up with people who…

Society Insurance successfully completes implementation of Majesco’s Cover-All Policy

Majesco a global provider of core insurance software, consulting and services for insurance business transformation, today announced that Society Insurance (Society) successfully completed their implementation of Majesco’s Cover-All Policy, going live…

Limelight Health lands $3 million for its QuotePad flagship product

Limelight Health has received $3 million in Series A funding from MassMutual Ventures and AXA Strategic Ventures (to name a few), which brings its total funding to date to $3.7 million; not too…

Pushing telemedicine

“We are jumping in with both feet on this. We think it’s the future, and it’s here now.” Says Peter Adler, president of Molina Healthcare of Washington, on telemedicine; where a…

ACE to Acquire Chubb for $28.3B in Cash and Stock

ACE Limited (NYSE: ACE) and The Chubb Corporation (NYSE: CB) announced today that the Boards of Directors of both companies have unanimously approved a definitive agreement under which ACE will…

5 innovations in microinsurance

Earlier this year, a group of eight leading insurers and brokers established a consortium to promote microinsurance ventures in developing countries, unsurprisingly called Microinsurance Venture Incubator (MVI). Together, AIG, Aspen…

1 400 401 402 403