InsurTech
TrustLayer Pulls in $15M to Fuel Expansion of Digital Insurance Verification Platform
TrustLayer nailed down more than $15 million in new venture financing. The Florida-based InsurTech, focused on digitizing the insurance verification process, plans to use the money for hiring, ...
HDVI, a Digital MGA Focused on Commercial Auto Cover, Raises $32.5M
High Definition Vehicle Insurance Group is planning new products and a national expansion, following $32.5 million in new venture funding. HDVI is an InsurTech MGA focused on commercial auto ...
InsurTech Quotall Links With Broker Acrisure in New Strategic Partnership
InsurTech software and services company Quotall said it is partnering with global insurance broker and fintech services provider, Acrisure. Under the arrangement, Acrisure will provide insurance ...
Hippo Sees Q2 Loss Increases; Company President McCathron Says Geographic Risk Diversification Is Underway
California-based digital home insurer Hippo disclosed its quarterly earnings on Aug. 16, the first time it has done so as a public company. Hippo reported an $84.5 million net loss during Q2 2021, or ...
Root Grew Q2 Premiums, but Net Losses Soared; Stock Price Drops Nearly 20%
Root continues to make steady traction growing its premium volume, benefiting in part from rate hikes and new initiatives. But the Ohio-based digital auto insurer saw its loss ratio spike in the 2021 ...
W.R. Berkley, State Auto, Guidewire Join Financing for New Digital Vehicle Titling Startup
W.R. Berkley Corp., State Auto Insurance and other industry stalwarts joined a new $8.5 million investment round for Champ Titles, a startup that digitizes the process of vehicle titling. Berkley and ...
Ally Financial Will Offer Home Insurance Policies Via Hippo Partnership
U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc, providing capital for the latter to generate more business, the companies told ...
InsurTechs Targeting Car Insurance Comparisons, Reinsurance and Income Protection Raised New Financing
Jerry, a digital car insurance comparison-and-buy startup, raised $75 million in new financing designed to fuel a broader expansion. Vesttoo, an Alternative Reinsurance and Investment platform, ...