Coverager® - Insurance News and Insights

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Allianz Retire+ partnered with AIA Australia Allianz Greece partnered with National Bank of Greece Australian Finance Group partnered with Allianz Australia Allianz Seguros partnered with Movistar Prosegur Alarmas Gallagher Re picks Scrub AI in Admin Avios Insurance partnered with Covéa Lazarus AI raised $43M Hiscox picks Pace in Admin Lumos Insurance picks illumifin in Claims State Compensation Insurance Fund picks Stream Claims in Claims Gore Mutual picks ProNavigator in Claims Collective raised $60M Collective raised $40M CoverGo raised $6M Ravical raised $17M

QBE and State Farm Ventures back Lazarus AI

By Shefi Ben-Hutta

Lazarus AI is developing AI tools for document processing, cybersecurity and legacy system modernization.

Investments

Particle Health raises $25 million

By Avi Ben-Hutta ·

PruVen Capital participated in the round.

Business

B2Z introduces general liability insurance

By Avi Ben-Hutta ·

The Chicago-based startup is licensed in ~34 states.

Member News

DocuSeries A: Beyond the Press Release

By GloveBox ·

Do you ever feel like you’re reading the same thing over and over again in the news when it comes to fundraising? You’re not alone. In this 3 part docuseries,...

Investments

SmartBank raises $20 million

By Avi Ben-Hutta ·

SmartBank says that its total number of downloads exceeded 100,000 in December, and now it aims to reach 1 million by the end of 2023.

Member News

American Family Insurance streamlines claims operations with Tractable’s AI

By Casey Sobota ·

American Family will integrate Tractable’s solutions to increase efficiency and consistency in the review of subrogation auto damage via photos Tractable’s AI solutions will be integrated across all of American...

Business

Selective Insurance partners with SimpliSafe

By Coverager ·

Selective's homeowner policyholders in approved states can request a complimentary 7-piece home security system from SimpliSafe.

Member News

The 50 State Summary Table

By AgentSync ·

Insurance producer licensing, appointments, and agency rules vary across states and the variations make it difficult to do business with any predictability – let AgentSync’s 50 State Summary Table make it easier.

Business

Chubb and Royal Brunei Airlines enter into travel insurance partnership

By Coverager ·

Travelers can add travel insurance during their online flight booking process on flyroyalbrunei.com.

Member News

Coterie Insurance Revolutionizes Small Business Insurance with Launch of Fully Automated Underwriting Experience

By Katherine Jones ·

“Our user experience puts information in the hands of agents and brokers with only a business name and address, helping our partners better serve America’s small businesses profitably," said David McFarland, Coterie CEO

Product

Next Insurance exits commercial auto, sets workers’ comp restrictions

By Shefi Ben-Hutta ·

In an email reviewed by Coverager, Next Insurance is not accepting new business for its commercial auto product effective July 20, 2022.

Business

Honcho shuts down marketplace

By Avi Ben-Hutta ·

The UK-based startup said it found it difficult to acquire customers in a highly competitive space.

Business

AXA UK launches five new tiered home insurance products

By Gabriella Ben-Hutta ·

The new products will initially launch to customers direct from AXA UK and through Compare the Market.

Investments

May Mobility raises $111 million

By Avi Ben-Hutta ·

Tokio Marine and State Farm Ventures participated in the round.

Business

Getaround can now fully operate in NYC

By Coverager ·

Initial efforts will concentrate on the areas where there are unmet needs for additional transportation options in Brooklyn, Queens, and The Bronx.

Member News

Relativity6 Partners with Ivans to Enable AI-driven Commercial Lines Data Enrichment

By Lauren Malcolm ·

First insurtech partnership to come out of Ivans Innovation Lab, enhancing commercial lines quoting for agents and carriers UNIVERSITY PARK, Ill. – July 12, 2022 – Ivans® today announced a...

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Featured Jobs

Why AI Makes Brokers More Valuable, Not Less

By Zywave ·

Vertafore’s New Velocity Change Request Agent Brings Speed and Insight to Drive MGA Growth

By Vertafore ·

Trucordia Streamlined Insurance Workflows to Give Staff Time Back

By Vertafore ·

Kyber Integrates with Sinch Mailgun to Bring Scalable, Auditable Email Delivery to P&C Claims Teams

By Kyber, Kyber ·

Five Sigma and Amarillo Technologies Partner to Advance Insurance Claims Modernisation for London Market

By Oded Barak, Five Sigma ·

EverPeak® Names Patrick Daley Chief Underwriting Officer

By Elizabeth Johnson, EverPeak Insurance ·

Bindable Enters Next Chapter of Growth Through Acquisition by Franklin Madison

By Mary Clare Riordan, Bindable ·

Insurance Intake Goes Inbox-First as Canopy Connect Introduces Email Intake

By Insurance Intake and Verification, Canopy Connect, Inc. ·

10 Deadliest States for Winter Driving

By Melanie Musson, Clearsurance ·

New Zywave Research Finds AI Set to Unlock More Than $100 Billion in Annual Value Through Transformed Insurance Distribution

By Zywave ·

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