InsurTech
InsurTech Startup Using Machine Learning for Claims Monitoring Raises $30M
InsurTech startup owl.co Labs, Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company's ...
Executives On The Move at Liberty Mutual, At-Bay and Vantage Group Holdings
Liberty Mutual appointed one of its veteran executives to lead the E&S Primary Casualty business of its Ironshore unit. At-Bay hired an Argo Group and AXIS veteran executive as its new National ...
Lemonade Debuts Auto Insurance Cover, Initially in Illinois
Lemonade has formally entered the auto insurance markets, seven months after the New York-based digital insurer disclosed initial plans to do so. Illinois is the first market where customers can ...
Zurich North America Seeking Startup Applications for Third Annual Innovation Championship
Zurich North America is inviting InsurTech startups to apply for the third annual Zurich Innovation Championship. Registration via www.zurich.com/zicis open through Dec. 23, 2021. Zurich will select ...
InsurTech Lessons From ITC: Take the Stock App Off Your Phone
Alex Timm, the chief executive officer of Root, has some advice for InsurTechs that go to the public markets: "You cannot let the stock price or Wall Street tell you what your value is." When ...
ITC Reporter’s Notebook: How Next, Root and Swiss Re Are ‘Adapting’ and Innovating
Over the course of the last six years, Next Insurance has adapted its business model, its distribution method, and its product offerings. Coming up next, the InsurTech aims to offer "adaptive ...
Undaunted by COVID-19, P/C Insurers and Startups Embraced Innovation Instead
As the CEO and co-founder of digital MGA Koffie Labs, Ian White was initially New York-based. Then the coronavirus pandemic struck, spurring a creative rethinking about what a corporate headquarters ...
Global InsurTech Investment Hits Record $10B Through September
Global investment in insurance technology (InsurTech) start-ups totalled $10.5 billion in the first nine months of 2021, a record high level for the period, reinsurance broker Willis Re said on ...