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Security Benefit picks Zinnia in Admin Brotherhood Works partnered with Forte Hippo partnered with Accelerant Figo Pet Insurance partnered with Tractive Petsecure partnered with Pet Valu Western Financial Group partnered with Canadian Veterinary Medical Association Eye Security raised $68.55M Lincoln Financial Group raised $500M Allianz Commercial picks Hyperexponential in Pricing Canal Insurance picks Kyber in Claims Way Specialty picks Origami Risk in Admin Obie picks Magiq in Claims Alan raised $544.58M Taktile raised $110M Eden Care Medical raised $285.21K

Empower to buy Milliman's retirement admin business for $340 million

By Shefi Ben-Hutta

The two companies plan to work together by referring certain actuarial and defined benefit administration work to each other.

Business

Varo Bank lays off 75 employees

By Avi Ben-Hutta ·

Varo is backed by Progressive.

Business

Propeller Bonds partners with SIAA

By Gabriella Ben-Hutta ·

The alliance writes over $10.8B in total written premium annually.

Business

Products from MassMutual now available on iPipeline’s platform

By Gabriella Ben-Hutta ·

The expanded access is being made possible by MassMutual Strategic Distributors (MMSD), a dedicated third-party distribution channel introduced by MassMutual in early 2021.

Investments

Zesty.ai raises $33 million

By Coverager ·

Zesty.ai is an AI-powered property risk analytics solution provider.

Marketing

Root announces three new sports partnerships

By Coverager ·

Root’s name, logo, and advertisements will be integrated into the teams’ media, game-day graphics, and sponsored content.

Strategy

Next partners with Evident to distribute small business insurance

By Shefi Ben-Hutta ·

The idea is to offer small business insurance to companies that Evident verifies.

Investments

Resolve raises $3.3 million

By Gabriella Ben-Hutta ·

Founded in 2019, the company audits, reviews, and negotiates medical bills to identify errors and problems.

Investments

Corvus expands partnership with SiriusPoint and R&Q Accredited

By Shefi Ben-Hutta ·

The latest multi-year investment from SiriusPoint and R&Q Accredited adds an additional $100 million to the program.

Member News

Breeze Adds Short-Term Disability Insurance to Growing Online Platform

By Michael Brown ·

The short-term product is unique to the market and complements multiple long-term products already available on Breeze.

Financials

Hippo plans to complete a reverse stock split

By Shefi Ben-Hutta ·

Hippo's stock is currently trading at ~$0.83 per share; down 93% from its public debut.

Member News

Counterpart Launches Excess Insurance Product for Small Businesses with Aspen

By Counterpart ·

Counterpart, the management liability insurtech, announced the launch of its Excess insurance product for small businesses. Backed by Aspen, the Excess policy is another offering to support small businesses in a time of heightened litigation.

Member News

Medicare Open Enrollment Season: The Big Picture

By AgentSync ·

Nearly 63 million people enrolled in Medicare in 2021. If you’re an insurance producer, agency, carrier, or MGA/MGU responsible for enrolling Medicare beneficiaries, open enrollment season is an opportunity to help consumers.

Investments

Koffie Insurance raises $11 million

By Avi Ben-Hutta ·

Koffie has insured over 1,000 trucks to date.

Member News

Agency Revolution Uses HawkSoft’s Two-Way Integration to Add Activities to HawkSoft’s Management System

By HawkSoft ·

Agents relying on Agency Revolution to automate communications can now automatically see which communications were sent to their clients right from the HawkSoft system. Today, Agency Revolution and HawkSoft announce...

Technology

Cover Whale to use Swiss Re’s Motor Market Analyzer

By Coverager ·

The tool - Motor Market Analyzer - provides risk predictions of auto accidents.

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Member News

Vertafore’s latest AI innovations help agencies accelerate carrier statement reconciliation and turn Outlook activity into structured workflows

By Vertafore ·

Claims AI ROI Should Be a Scale Test, Not a Spreadsheet

By Yo Sub Kwon, Voltaire ·

Fuse Launches Tape: a Free, Live Market-Intelligence Surface for the Public P&C Insurance Complex

By Sean Bourgeois, Fuse ·

Dearborn Labs Launches “Context Window” Podcast Exploring the Real Stories Behind AI Adoption in Insurance

By Alec Martins, Clearcover ·

Canal Insurance Selects Kyber to Enable Claims Modernization and Equip Its Teams for the Road Ahead

By Kyber, Kyber ·

Canopy Connect Reaches 10 Million Shared Insurance Policies as Demand for Verified Insurance Data Grows

By Insurance Verification, Canopy Connect, Inc. ·

Checklist: 6 Ways to Automate for Smarter Insurance Operations this Summer

By Evy Strom, ePayPolicy ·

A major global broker in Australia moves commercial broker placement to API-first negotiation infrastructure

By InsureMO, InsureMO ·

5 Strategic Tradeoffs MGAs are Navigating

By Vertafore ·

Fuse Launches Hospitality Vertical, Bringing Real-Time, Synthesized Market Intelligence to One of Commercial Insurance’s Most Dynamic Classes

By Sean Bourgeois, Fuse ·

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