Venture Capital Archives

Coverager Data

SimplyIOA partnered with Obsidian Insurance Holdings Semsee partnered with Utica First Insurance Company The Hartford partnered with Coalition bolt partnered with Salesforce DoorLoop partnered with Lemonade Rollo Insurance Group picks SALT Insure in Sales The Hartford picks Empathy in Claims RMA picks Quotey in Sales Root Insurance raised $150M Marsh McLennan raised $7.25B Security Benefit raised $650M Authentic Insurance uses Artificial Intelligence in Sales Draivn picks Bluewire in Risk Mitigation HOMEE raised $12M Native Broking raised $2.6M

Lemonade ends Q3 with $68 million loss

By Avi Ben-Hutta

In-force premium reached $889 million.

Investments

DeNexus raises $17.5 million

By Coverager ·

AXA XL participated in the round.

Business

Keystone Agency Partners acquires Myers, Benner Corporation

By Coverager ·

Myers, Benner specializes in serving towing operations, garages, truck dealerships, and school districts.

Investments

INSHUR raises $19 million

By Avi Ben-Hutta ·

The investment will enable the business to continue scaling its operations globally.

Business

Nayya expands leadership team

By Coverager ·

This comes after recent venture financing from MetLife Ventures, ADP Ventures, and Workday Ventures.

Product

APIC seeks 45% rate increase in California

By Shefi Ben-Hutta ·

The proposed rate adjustment would increase total written premiums by $31.4 million.

Business

Ageas announces exclusive negotiations with Saga

By Coverager ·

Saga had ~1.4 million policies in force as of July 31, 2024.

Investments

OneClick Data raises $7.2 million

By Avi Ben-Hutta ·

The company now serves more than 1,300 customers including over 40 insurance carriers and suppliers.

Product

Homesite withdraws manufactured home product in Oregon

By Coverager ·

The Manufactured Home product was brokered through AEGIS General Insurance Agency.

Investments

Volt launches with $25 million capacity for power and renewable energy risks

By Coverager ·

Volt offers coverage for conventional power and renewable energy clients.

Strategy

SoFi expands loan platform with $2 billion agreement with Fortress Investment Group

By Coverager ·

The deal strengthens SoFi's loan platform.

Investments

Zinnia secures $300 million financing from Vista Credit Partners

By Coverager ·

Zinnia has also made headlines for its acquisitions of Breathe Life, Policygenius, and the life and annuity assets of Ebix.

Business

HEMIC receives Rating of “A” (Excellent) from AM Best – 2024

By Gabriella Ben-Hutta ·

HEMIC is the largest provider of workers’ compensation insurance in Hawaii and has maintained an “A” rating from AM Best every year since they were first rated in 2007.

Strategy

Toyota Insurance partners with Lemonade

By Shefi Ben-Hutta ·

Toyota aims to cross-sell home and renters insurance.

Member News

Millions of Animal Lovers Can Now Access Quality Pet Insurance via API-enabled Partnership Between Bindable and Pets Best

By Mary Clare Riordan ·

"With decades of experience and proven technology, we knew Bindable was the right partner to enhance our go-to-market strategy." - Pets Best CEO, Melissa Gutierrez.

Business

Tokio Marine HCC to launch US Excess Casualty business

By Coverager ·

TMHCC’s entry into this space will provide insureds new capacity as limit retrenchment continues amid challenging loss cost trends.

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Member News

Haunting Claims Inefficiencies? Discover How Agentic AI and LLMs Can Actually Transform the Claims Process.

By Robin Roberson, Agentech ·

Bindable Unveils a Simplified Solution for Organizations Interested in Launching an Independent P&C Insurance Agency

By Mary Clare Riordan, Bindable ·

5 Pitfalls to Effective Insurance Compliance Vendor RFPs and How to Address Them

By AgentSync, AgentSync ·

SILA’s newest president talks leadership, trends, and more

By Vertafore ·

Insurtech's Meal Deal: 5 Solutions for 5 Challenges Served with a Side of Agentic AI

By Robin Roberson, Agentech ·

Sircon Compensation empowers carriers to fuel growth and build stronger relationships with independent agents

By Vertafore ·

Safety Versus Risk Management with Daniel Ruiz of SC Builders

By John Fohr, TrustLayer ·

7 Ways Carriers Can Leverage Compliance Data for Business Opportunities

By AgentSync, AgentSync ·

Bold Penguin Joins HawkSoft's Solution Partner Program

By HawkSoft, HawkSoft ·

Cambridge Mobile Telematics Announces Enhanced Driver Experiences, Crash Capabilities, and Developer Tools

By Cambridge Mobile Telematics, Cambridge Mobile Telematics ·

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