Editor at Coverager
The company acquired 99.6% of Penta Security, the fourth largest non-life insurer in Chile, “to build scale in successful, existing markets.”
ACE completed the $29.5 billion acquisition of Chubb and adopted its name. The move creates the world’s largest publicly traded property and casualty insurer. Bottom Line: looking good.
Brooklyn-based PolicyGenius closed a $15 million Series B funding round led by Revolution Ventures to further reshape the direct-to-consumer insurance industry. Recall: raised $5.3 million in Series A funding last summer. Bottom Line: targeting millions...
London-based digital healthcare startup Babylon Health has raised $25 million – the largest series A funding round in European digital healthcare to date – bringing the company’s valuation to something north of $100...
Mobile capture and identity verification software solutions, Mitek (pronounced my tech), announced that a certain Fortune 500 P&C insurance company has selected its Mobile Fill solution to enable consumers to easily...
RAC Telematics has launched a Bluetooth-enabled key fob that allows company car drivers the ability to turn off telematics analytics when they are not making business-related journeys; may help with privacy concerns....
The largest US life insurer, aka MetLife, plans to do away with its Systemically Important Financial Institution (SIFI) designation by spinning off its retail life and annuity business in the US because “an independent...
Lemonade, the world’s first P2P insurance carrier, announced its ‘insurance dream-team‘. Think 2 Ex-ACE and 2 Ex-AIG. Recall: NYC-based Lemonade recently raised $13 million from Sequoia Capital and is slated to launch in...
Uber China, which is now valued at $7 billion, compared to a $16 billion valuation of its main rival Didi Kuaidi, raised new funds. Reports suggest that China Life Insurance is one of many investors....
NYC-based healthtech startup Vericred raised $3.1 million in its second round of seed funding to expand its data services and beef up its sales team. The company’s flagship product is a health plan search...
Insurance consultancy startup, FinanceFox, which allows customers to manage their insurance policies via a mobile app, raised $5.5 million to expand its marketing and sales activities in Switzerland and Germany as well...
“If 100 carriers were to compete in a bake off, all given the same ingredients, you would end up with 100 different cakes, and each carrier declaring they had the best...
CEO of BlueCross and BlueShield of North Carolina, Brad Wilson, is apologizing for the company’s slow customer service. Think: the insurance company is experiencing 400 – 500% more calls than last...
As part of its commitment to innovation, Liberty Mutual has launched Solaria Labs, an internal incubator tasked with developing products and services with transformational potential that will focus on identifying...
The insurer partnered with Human Condition Safety, a maker of wearable devices designed to reduce on-the-job accidents, as part of a broader push to cut work comp costs.