Microinsurance Archives

Coverager Data

Tune Protect partnered with Air Asia Max Financial Services raised $145.09M Slice Labs partnered with Semsee First Connect Insurance Services partnered with Root Insurance Battleface partnered with HBX Group Ryan Specialty raised $600M The Demex Group raised $10.25M Thatch raised $38M Farmers picks Floatbot in Sales Progressive picks Assured Insurance Technologies in Claims Qover picks Numeral in Claims APOLLO Insurance partnered with Payquad Solutions Eastern Alliance Insurance picks Roots Automation in Claims Policybazaar raised $198.85M Real Insurance picks Curious Thing AI in Customer Service

The Demex Group raises $10.25 million

By Shefi Ben-Hutta

Demex delivers parametric reinsurance solution for losses due to severe convective storms.

Strategy

As temperatures rise, 89,500 commercial conversions could become uninhabitable

By Coverager ·

Zurich UK cautions appetite for converting commercial buildings into residential homes as subpar conversions may not be climate futureproof.

Strategy

Zurich Canada launches apprentice program with Seneca Polytechnic

By Coverager ·

The Zurich Apprenticeship Program provides candidates with a fully-funded enrollment in the Business – Insurance diploma program at Seneca Polytechnic.

Technology

SoundHound AI acquires Amelia

By Shefi Ben-Hutta ·

SoundHound AI is backed by Sompo Holdings.

Investments

Oyster raises $59 million

By Gabriella Ben-Hutta ·

Oyster is a payroll and HR platform that specializes in distributed workforces.

Product

American National named a Barron’s Top 100 Annuity

By Coverager ·

American National is a provider of annuities, life insurance, retirement solutions, and P&C products.

Innovation

A-G Specialty Insurance acquires Bollinger TPA Services

By Coverager ·

Gallagher had originally acquired Bollinger TPA Services in 2014.

Strategy

Zurich Australia appoints Chief Risk Officer

By Coverager ·

Wainwright will succeed Jaimie Sach, who is retiring after serving as Chief Risk Officer at Zurich since 2019 and a distinguished 30-year career in the wealth industry.

Investments

MSI invests in Asian health insurance MGA

By Coverager ·

MSI is the largest non-life insurance group in the ASEAN region by gross written premiums and has identified health insurance as a key area for growth.

Product

Travelers Canada introduces OPTIMA® Home

By Gabriella Ben-Hutta ·

New property insurance product available for homeowners, tenants, condominium and landlord policies in Ontario and Western Canada

Strategy

Tune Protect focuses on travel segment

By Coverager ·

The company also plans to introduce new, targeted insurance products.

Technology

Gridspace enhances AI voice agent Grace

By Shefi Ben-Hutta ·

USAA is an investor.

Investments

Modern health benefits startup Thatch raises $38 million

By Shefi Ben-Hutta ·

This brings Thatch's total funding to $44 million.

Business

Moody’s acquires Praedicat

By Coverager ·

The terms of the transaction were not disclosed.

Business

Root integrates with First Connect

By Coverager ·

The two companies plan to roll out the new streamlined quote and bind process to independent agents in additional states in the coming months.

Strategy

Main Street America exits personal lines insurance

By Shefi Ben-Hutta ·

The company, which has been around for over a century, sees more potential in offering insurance for small businesses and complex risks that independent agents are good at handling.

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Member News

With industry-first enhancement, BenefitPoint delivers significant time-savings for brokers during benefits season

By Vertafore ·

Coterie Insurance Named in Business Insurance’s Annual Best Places to Work in Insurance for Fourth Year

By Katherine Jones, Coterie Insurance ·

Cambridge Mobile Telematics Continues European Expansion with New Leadership in France

By Cambridge Mobile Telematics, Cambridge Mobile Telematics ·

Herald and Salesforce Collaborate to Enable Real-Time Commercial Insurance Connectivity

By Herald, Herald ·

Cambridge Mobile Telematics Earns Frost & Sullivan’s 2024 Market Leadership Award for Leading Innovations in the Telematics Insurance and Connected Claims Industry

By Cambridge Mobile Telematics, Cambridge Mobile Telematics ·

Taking Your Adjuster Licensing from a Liability to an Asset

By AgentSync, AgentSync ·

AAA Is $30 a Month Cheaper Than Average (83% Plan to Renew)

By Melanie Musson, Clearsurance ·

So you’ve built a portal…now what?

By Team at Sureify, Sureify ·

How Can You Create a World-Class Producer Experience? It Starts with Tech, Transparency, and Trust

By AgentSync, AgentSync ·

CNBC global report names Vertafore as a top 150 InsurTech

By Vertafore ·

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