InsurTech
Inflation a Blessing for Root: Q1 Profit Is Proof Point of Data Science Strategy
There was a moment in first-quarter 2021 when InsurTech Root met a long-desired loss ratio target, sending a promising signal that the cash-burning startup was squarely ...
Beyond Carvana: Root Bullish on Embedded Insurance Distribution
Although three strategic pillars guide investments in technology and data science at InsurTech Root, the second pillar—one focused on "meeting customers where they ...
Lemonade Exec: AI Getting the Right Claims to the Right Adjuster
AI Jim, the chatbot that handles claims for InsurTech Lemonade, is renowned for its ability to handle claims in seconds. Two seconds to be exact. That was the time it took the chatbot to settle a ...
Monitaur Announces Close of $6M Series A Funding Round
Monitaur, a model governance software company for highly regulated companies and their partners, announced the closing of a $6 million Series A funding round led by Cultivation Capital, with ...
Cover Genius Announces $80M Series E Funding Round
Cover Genius, an InsurTech for embedded protection, announced its $80 million Series E funding round. The round was led by Spark Capital with support from existing investors, including Dawn Capital, ...
Lemonade Books Q1 Net Income Loss But Sees Progress
InsurTech Lemonade followed 2023—"the year when the plan came together"—with a first quarter 2024 net loss of $47.3 million. The result is about 28 percent better than the same time a year ago ...
Personal Auto Insurance Competition Heating Up, Root Execs Say
Personal lines InsurTech Root reported its first-ever quarter of operating profit and first-ever gross combined ratio below 100 for first-quarter 2024 while more than doubling gross written premiums ...
ICEYE Announces Agreement for $93M Growth Funding Round
ICEYE, a provider of synthetic aperture radar satellite operations for Earth Observation, persistent monitoring, and natural catastrophe solutions, announced that a definitive agreement was signed ...