InsurTech
American Family Closes Purchase of Digital Exchange Bold Penguin
Madison, Wisconsin-based American Family Insurance has closed the deal on acquiring digital exchange Bold Penguin, a startup designed to simplify the process of obtaining small business insurance. ...
An InsurTech Mentor Explains Where He Fits in the Startup Process
As Abel Travis sees it, every InsurTech could use a mentor—someone from the insurance industry who can offer advice and counsel on how to target their growth toward success and viability. "Having ...
Nationwide Boosts Venture Capital Fund to $350 Million
Nationwide plans to more than triple its venture capital fund and also increase the division's alignment with its corporate development strategy. The Ohio-based property-casualty insurer is growing ...
AI, Privacy, Racial Bias Among State Insurance Regulator Priorities for 2021
The country's insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and ...
AI Startup With Insurer/Reinsurer Partners Seeks Canadian IPO
Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its ...
Startups Focused on Data Observability, Digital Wallet Tech and Risk Management Obtain Financing
Tech startup Monte Carlo raised $25 million in new Series B financing to help build its Data Observability platform. New York-based InsurTech Marble raised $2.5 million in early-stage funding that ...
Metromile Becomes a Public Company Feb. 10 After Reverse Merger Deal Closes
Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. ...
Hippo Reportedly Pursuing Going Public Through SPAC Reverse Merger
Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with ...