A word with PolicyBazaar CEO

“We thought we would build some scale and in four or five years we would sell the business and go back home” – PolicyBazaar cofounder and CEO, Yashish Dahiya, on missed expectations….

Admiral gets it wrong

Last month, UK insurance firm Admiral took a fresh stance on its long-standing admiral mascot opting for a female to helm the ship in a new ad campaign called ‘looking out…

AIG & Swiss Re

AIG entered into a two-year reinsurance arrangement with Swiss Re, under which a share of AIG’s new and renewal US Casualty portfolio will be ceded to the reinsurer. Bottom Line: highlights AIG’s focus…

Targeting the smart

Travelers’ customers with smart home devices are now eligible for a discount on their home insurance policies. Think: Protective Device discount. Available: nationwide. AmFam, Farmers and State Farm offer similar discounts.

QBE via Applied

Applied System users in UK can now enjoy seamless access to QBE products via their management system. One gets to offer more products, the other hopes to gain traction. Bottom Line: QBE…

Aviva’s no longer a couch potato

Aviva reported higher 2015 earnings and disclosed its capital buffer for the first time, aka a Solvency II ratio of 180%*. That means Aviva can keep on investing in its…

Drive Spotter spotted by Grinnell Mutual Re

Omaha-based Drive Spotter, a video platform to analyze and improve commercial fleets and driver performance, raised $750,000 in a round of financing led by Grinnell Mutual Reinsurance. Fun Fact: the startup was part of…

A word with AmFam Ventures principal

“Insurance 2.0” – principal at American Family Ventures Kyle Nakatsuji defines near term reinventions in insurance distribution, product and structure. The Gist: (1) Traditional broker channels are here to stay yet digital agencies and mobile first…

HCI Group Launches TypTap.com

HCI Group, Inc. (NYSE:HCI), predominantly engaged in homeowners insurance, reinsurance, real estate and information technology, has launched TypTap.com, an online platform for quoting and binding flood insurance policies in Florida….

CoverWallet launches with $2 million in seed funding

New York, March 8, 2016 – CoverWallet, the first online insurance manager, announced it received $2 million in seed funding from Two Sigma Ventures, Highland Capital Partners, Founder Collective and a…

Leaving on a jet plane

Admiral Group CEO Henry Engelhardt is making his last official visit this week to the company’s US businesses: Elephant Insurance and its sister company, Compare.com, before his planned retirement in two months. Worth…

Zubie introduces auto dealer telematics solution

Aftermarket connected car supplier Zubie has partnered with one of its investors, Castrol innoventures, to launch a joint telematics solution designed specifically for auto dealerships. First client: Motorcars in Cleveland.

Geico invests in TV

According to iSpot, the number one spender on national TV advertising last week is Geico with its “Spy: It’s What You Do” campaign. Think: 6,298 national airings. Progressive made it to the fourth spot with…

AmFam invests in video

American Family will deploy Pitney Bowes EngageOne Video software, as part of its new customer engagement strategy. The videos will be used to explain selected individual policies and coverage areas to…

Adoption of telematics is slowly speeding up

Keyword: slowly. Nova Scotia has been slow to adopt telematics compared to Ontario and Quebec. Back up: several insurance companies in Nova Scotia are offering a dongle-centered program that allows people to…

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