InsurTech
Nationwide, Swiss Re Among Carriers Participating in Upcoming NYC InsurTech Accelerator Program
An accelerator for growth-stage InsurTech startups is launching in New York City this fall. Several carriers and brokers will be participating, including Nationwide, Swiss Re and more. InsurTech NY ...
High-End Home Insurance MGA Openly Raises $15M; Expansion Planned
Openly, an InsurTech managing general agency focused on high-end home insurance, has raised $15 million in new funding. Plans call for using the cash infusion to expand the fledgling startup into a ...
Immuta Raises $40M to Expand Reach of Automated Data Protection Tech
Immuta, a company whose technology automates the process of controlling, protecting and managing data, has raised $40 million in new venture capital financing. Plans call for using the money to fuel ...
A Mixed Perspective on Lemonade’s Proposed IPO
Lemonade's proposed initial public offering, disclosed earlier in June, has the dubious distinction of being unveiled during the ongoing COVID-19 pandemic, a phenomenon that has roiled the public ...
Buckle Expands Commercial Auto Cover With Purchase of Atlas Subsidiary
Buckle, an InsurTech startup focused on rideshare insurance, has acquired a subsidiary of Atlas Financial Holdings for an undisclosed price. The move allows Buckle to expand its commercial auto ...
Planck Raises $16 Million for Data Platform; Nationwide Becomes an Investor
Nationwide, eyeing the possibilities with Planck's AI-driven commercial insurance data platform, joined the company's latest financing round. Planck recently raised $16 million in a Series B venture ...
Pandemic Could Drive Digital Investment for Some Time
Erik Ross predicts that carriers will increasingly rush to all things digital in the months ahead. A running quip among investors explains why. "There's a joke going around – 'What's the biggest ...
A Quarantine Dispatch on Metromile, Lemonade and Root’s Financials
Since the first article in this series, Dispatches From InsurTech Survival Island, our principal goal in analyzing the quarterly statutory statements of the most relevant U.S. property/casualty ...