InsurTech
The Story of Cover Genius
Among the predictions delivered toward the end of 2019, one long-term forecast stood apart from the rest. "I think insurance will actually start to just disappear into the ether," an industry ...
InsurTechs Focused on Insurance Comparison, IaaS Win More Funding
Two InsurTechs attracted new venture funding. One is an insurance comparison site, and the other an MGA that also offers an infrastructure-as-a-service software platform.
Aon Grabs Cybersecurity Firm to Bolster Division That Handles Cyber Hacks
Aon Plc bought closely held Canadian firm Cytelligence Inc. to help boost its ability to respond to and investigate attacks on computer systems. Aon picked up employees with cybersecurity consulting ...
How Root Insurance Did What Other Insurers Only Imagined
Having achieved unicorn status with a $1 billion valuation less than two years after its official October 2016 debut, InsurTech carrier Root Insurance Company may seem like an overnight success. The ...
A Passion for Insurance: Growing Up in the Business
Alex Timm's path to the C-Suite of an InsurTech carrier probably isn't typical. Unlike other InsurTechs headed by technology experts or marketing officers from outside the insurance industry, Timm is ...
Did You Know? Auto and Renters Risks Correlated
To Alex Timm, CEO of Root Insurance Company, the auto insurance carrier's recent move into the renters insurance market seemed like a natural extension for its customer base given that 70 percent of ...
Insurance Value Chain Poised for Big Changes From Data-Driven Business Models
Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, said the ...
Online Insurance Marketplace Policygenius Pulls in $100M From AXA and Others
Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to propel growth and for broader consumer financial protection products ...