Coverager® - Insurance News and Insights

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Arch RoamRight partnered with Trek Travel Allianz Direct partnered with CHECK24 Nuula partnered with LeapLife Nationwide partnered with Brella Insurance Autonomy partnered with Digisure State Farm uses Digital Technology in Claims Ageas UK uses Data & Analytics in Sales egaranti raised $155.83K Lami raised $3.7M Raincoat raised $4.5M JAROWA raised $13.03M JAROWA raised $3.15M LB Forsikring uses Telematics in Claims Admiral Group uses Telematics in Claims Mountain West Farm Bureau Mutual uses Data & Analytics in Underwriting

Lemonade’s Q2 2022 highlights

By Avi Ben-Hutta

Lemonade submitted about 100 rate filings in the past 12 months.

Member News

Counterpart hires two management liability industry veterans

By Counterpart ·

While many insurtechs are cutting back on staff, Counterpart is growing with the hiring of two more insurance industry leaders to its team of small business management liability experts.

Member News

How Long Does it Take an Insurance Producer to Start Selling?

By AgentSync ·

Insurance agencies report lengthy producer onboarding periods — 30 days or more! But how much does slow producer onboarding cost? It depends on how much money the producer could make — and how long it takes before they can start selling.

Business

Aviva to acquire Azur’s high-net-worth personal lines business

By Coverager ·

The transaction will be funded by Aviva Insurance Limited.

Business

State Farm adds new telematics feature

By Avi Ben-Hutta ·

State Farm's telematics program is powered by Cambridge Mobile Telematics.

Investments

Raincoat raises $4.5 million

By Avi Ben-Hutta ·

The startup has active corporate projects in Puerto Rico, Jamaica, Mexico and Colombia.

Member News

One Inc Joins Five Sigma Partner Ecosystem, Offering Digitized Claims Payments

By Oded Barak ·

The native integration with One Inc will offer Five Sigma customers diversified, digital payment options that improve customer experience, security, and speed.

Business

Mercury Insurance allegedly illegally steered ‘good drivers’ toward higher-priced policies

By Gabriella Ben-Hutta ·

Mercury previously paid a $27.6 million fine in August 2019.

Business

Carpe Data appoints William Magowan as CRO

By Gabriella Ben-Hutta ·

Magowan joins Carpe Data from Duck Creek Technologies.

Business

HUB International partners with RESAAS

By Gabriella Ben-Hutta ·

Clients of RESAAS agents to access digital brokerage platform VIU by HUB.

Business

LiveWell by Zurich and Polar Electro announce partnership

By Coverager ·

The collaboration will initially start with six countries.

Member News

Dais 3.0: Operating System, Insurtech App Store Launch

By Jason Kolb ·

Dais customers can now bring any insurance product to market faster, connect any product to any data in the world, and fully automate any product with plugins that do everything from document generation to customer emails to re-rating and more.

Member News

Obie and Backflip Work to Increase Transparency for Real Estate Investors Through New Partnership

By Aaron Letzeiser ·

Obie is partnering with Backflip to create a seamless experience for real estate investors. Backflip is a real estate and fintech startup improving how entrepreneurs invest in residential properties.

Investments

Boatsetter raises $38 million

By Avi Ben-Hutta ·

Boatsetter has a partnership with GEICO.

Business

Lemonade sells Metromile’s Enterprise Business Solutions platform to EIS

By Avi Ben-Hutta ·

EBS was Metromile’s SaaS claims automation and fraud detection platform which it licensed to different insurance companies.

Business

Rhino partners with AmTrust Financial

By Gabriella Ben-Hutta ·

AmTrust Financial will join Rhino's existing panel of insurance carriers and reinsurers, bringing Rhino's total premium-writing capacity to over $200 million.

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Featured Jobs

Climate-Smart P&C Insurtech Seeks Operations Manager

FutureProof

Do higher driver scores actually mean better drivers?

By Sentiance, Sentiance ·

AM Best’s new performance assessments push MGAs & MGUs to invest in underwriting quality

By Athenium Analytics, Athenium Analytics ·

Semsee Launches Real-Time Insurance Market Appetite Resource for All Agents to Use for Free

By Elizabeth Fischer, Semsee ·

Socotra Achieves Exceptional Performance in First Half of 2022 Despite Headwinds for the Insurtech Industry

By Socotra, Socotra ·

Medicare Open Enrollment Season: Best Practices for Producers

By AgentSync, AgentSync ·

Players Health Launches Breakthrough Sports Insurance Product on Socotra’s Modern Policy Core Platform

By Socotra, Socotra ·

Athenium Analytics expands enterprise climate intelligence with new Esri ArcGIS Marketplace offering

By Athenium Analytics, Athenium Analytics ·

Medicare Open Enrollment Season: Best Practices for Carriers, Agencies, and MGAs/MGUs

By AgentSync, AgentSync ·

Reserv Comes Out of Stealth Mode and Announces $8M Seed Round to Reinvent Claims Adjusting Through a Digital-Native TPA

By The Reserv Team, Reserv ·

Zendrive expands its reach to over 50M users through partnerships with leading consumer apps

By The Zendrive Team, Zendrive ·

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Lemonade’s Q2 2022 highlights

Counterpart hires two management liability industry veterans

How Long Does it Take an Insurance Producer to Start Selling?

Aviva to acquire Azur’s high-net-worth personal lines business

State Farm adds new telematics feature

Raincoat raises $4.5 million

One Inc Joins Five Sigma Partner Ecosystem, Offering Digitized Claims Payments

Mercury Insurance allegedly illegally steered ‘good drivers’ toward higher-priced policies

Carpe Data appoints William Magowan as CRO

HUB International partners with RESAAS

LiveWell by Zurich and Polar Electro announce partnership

Dais 3.0: Operating System, Insurtech App Store Launch

Obie and Backflip Work to Increase Transparency for Real Estate Investors Through New Partnership

Boatsetter raises $38 million

Lemonade sells Metromile’s Enterprise Business Solutions platform to EIS

Rhino partners with AmTrust Financial

Sales executive

Climate-Smart P&C Insurtech Seeks Operations Manager

Customer Success Manager

Do higher driver scores actually mean better drivers?

AM Best’s new performance assessments push MGAs & MGUs to invest in underwriting quality

Semsee Launches Real-Time Insurance Market Appetite Resource for All Agents to Use for Free

Socotra Achieves Exceptional Performance in First Half of 2022 Despite Headwinds for the Insurtech Industry

Medicare Open Enrollment Season: Best Practices for Producers

Players Health Launches Breakthrough Sports Insurance Product on Socotra’s Modern Policy Core Platform

Athenium Analytics expands enterprise climate intelligence with new Esri ArcGIS Marketplace offering

Medicare Open Enrollment Season: Best Practices for Carriers, Agencies, and MGAs/MGUs

Reserv Comes Out of Stealth Mode and Announces $8M Seed Round to Reinvent Claims Adjusting Through a Digital-Native TPA

Zendrive expands its reach to over 50M users through partnerships with leading consumer apps

Share a news tip with Coverager