InsurTechs: Disrupters, Partners or Both?
Whether InsurTechs should disrupt legacy systems in insurance with new technology or simply partner with insurers to introduce new efficiencies to existing technology is ...
InsurTech
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
According to court records, Root Inc's former chief marketing officer — accused of stealing about $10 million from the company — has not made court appearances, spent money in violation of ...
Wefox Raises $11M with $55M Credit Facility from J.P. Morgan, Barclays
Berlin-based InsurTech wefox has secured a $55 million credit facility from J.P. Morgan and Barclays alongside a $55 million second close in its series D at a $4.5 billion valuation from existing ...
TypTap Insurance President Talks About InsurTech’s First Profit, Future
When HCI Group's TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to the company's plan to rely heavily on mapping technology ...
How Underwriters Can Use Data to Gain Competitive Advantage
The phrases "data is the new gold" or "data is the new oil" indicate data has become a commodity in the insurance industry, but how can insurers harness their data to make processes faster and more ...
Pie Insurance CEO Tells Employees During All-Hands That 14% Are Being Let Go
Late last week InsurTech Pie Insurance held an all-hands meeting during which CEO John Swigart told employees that 14 percent of them — 66 in all are being laid ...
Obie Raises $25M Series B to Expand Embedded Insurance Technology
InsurTech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and ...
How InsurTechs Will Need to Adapt in a Challenging Funding Environment
Economic uncertainty is leading to a challenging funding market for InsurTechs, and John Swigart, co-founder and CEO of Pie Insurance, said he doesn't see that changing ...
Bolttech Raises $196M Series B with Up-Round Valuation of $1.6B
International InsurTech bolttech announced it raised $196 million in connection with its series B with an up-round valuation of $1.6 billion. The round was led by Tokio Marine. Other key investors ...