Innovation
Lemonade’s New Insurance Policy Lets Customers Update Coverage Terms Themselves
Lemonade has come out with an insurance policy that lets consumers update their policies themselves in real time on the web, actions that are typically left to agents and brokers. Lemonade ...
Safe Driving Algorithm Project Begins Involving Sompo Japan, Accenture and a Japanese Cab Company
Sompo Japan Nipponkoa Insurance, Accenture and a Japanese cab company will work jointly to develop a deep learning algorithm designed to help better understand driving behavior and improve safety in ...
New P/C Insurance Products Delayed by Old Policy Form Tech: Novarica
A reliance on manual processes and inadequate technology leaves property/casualty insurers with major delays in updating their coverage forms. A new industry report found that as a result, most ...
Telematics Startup Roost Raises $10.4M From Three International Insurance Companies
Roost, a developer of home telematics for property insurance carriers, raised $10.4 million from three international insurance industry companies. Aviva Ventures led the Series B financing; ...
The Latest Launches From XL Catlin, Great American, Marsh and Ironshore
XL Catlin beefed up its professional liability policy for U.S. design professionals with two new enhancements. Great American Insurance Group created a new division focused on the E&S space. ...
P/C Insurance Carriers, InsurTechs Benefit on Multiple Levels From Partnerships
Startup InsurTechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL ...
Confessions of a Recovering Underwriter and InsurTech Founder
"So…you'll be CEO of a website???" That was my parents' confused reaction two years ago, after I spent 30 minutes walking through the rationale behind why I was going to leave the traditional ...
Insurance Distribution Is Evolving Into a Core System
With technology advancements and expansion racing one another in the insurance industry, it's becoming ever more evident that distribution is evolving into a core system. Insurers haven't said so in ...