Root Reports $64M Q3 Net Loss
Root Inc. reported a third-quarter net loss of $64 million, down from a net loss of $133 million during the same quarter last year. Year-to-date losses sit at $230 ...
InsurTech
Lemonade Records Q3 Net Loss of $91.4M
InsurTech Lemonade booked a third-quarter net loss of $91.4 million compared with a net loss of $66.4 million during the same quarter last year, but in a letter to ...
InsurTech Otonomi Raises $3.4M to Build Parametric Cargo Platform
InsurTech Otonomi has raised $3.4 million in order to build a blockchain-powered parametric cargo platform, according to a company press release. Otonomi's CEO Yann Barbarroux, along with Co-Founder ...
The Keys to Launching an InsurTech Startup in a Challenging Environment
The insurance industry has faced an onslaught of challenges over the past couple of years, from the global COVID-19 pandemic to economic and social inflation, a talent shortage, a changing climate, ...
Leading in an Industry He Once Shunned, wefox CEO Aims to Make Insurance Fast and Simple
When Julian Teicke was a teenager, the lavish events his insurance broker father attended with other successful agents struck him as out of proportion to their essential ...
Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past
The first insurance company in the U.S., The Friendly Society, was established in Charleston, S.C., in 1735, according to the Insurance Information Institute's insurance ...
bolttech Secures Series B Investment From Tokio Marine, Other Shareholders
International InsurTech bolttech announced that Tokio Marine, alongside other shareholders, will lead bolttech's series B funding round. The investment values bolttech, a Singapore-based InsurTech ...
InsurTech NY Reveals Its 2022 Growth Stage Accelerator Cohort
InsurTech NY, the largest InsurTech community in North America, has announced its third growth-stage InsurTech accelerator cohort.
The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency
With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new ...
