Growth Initiatives
PartnerRe Reorganizes Property & Casualty Arm Into 3 Regional Units
PartnerRe plans to reorganize its Property & Casualty arm into a regional structure and will make several changes to its executive leadership team as part of that process. Effective April 1, ...
The Latest Launches From Munich Re, AXA XL and More
Munich Re is debuting cover that insures the performance of batteries used on an industrial scale to help generate energy. AXA XL and InsurTech startup Assurely will collaborate on insurance coverage ...
The Latest Launches From Allstate and Travelers
Allstate disclosed that its coverage for Uber drivers is now offered in 11 additional states. Travelers' Canadian arm is launching new services for specialty insurance corporate customers that come ...
Independent Agents Satisfied With Carrier Interactions Send More Business to Them: J.D. Power
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message ...
Executives On The Move at GEICO, MAPFRE USA and Church Mutual
GEICO named its new vice president of marketing, having promoted from within. MAPFRE USA hired two executives to join its senior leadership team. Church Mutual Insurance Company made a number of ...
Between an Ant and a Grasshopper, Lemonade’s Results ‘Most Improved’
The three U.S. venture-backed InsurTech carriers we have been tracking for several quarters have more money, more premium and more losses as we head into the last quarter of the year. During the ...
Startups vs. Incumbents Revisited: Q32018
We first pointed out in a second quarter analysis of VC-backed startups Root, Lemonade and Metromile that companies run or led by well-known underwriters were growing slowly but far more profitable ...
‘Root’ of the Problem: Why One InsurTech’s Loss Ratios Still Disappoint
In the first part of this four-part article, we revealed that Root—currently the fastest growing carrier of three VC-backed InsurTechs we've been tracking—also posted the worst loss ratio result ...