Innovation
XL Catlin Helps Back Embroker, an Automated Broker Startup
XL Catlin's investment arm contributed to a $12.2 million venture-funding round for Embroker, a startup focused on automating the insurance broker experience for small and midsize business owners. ...
New Allstate Ad Campaign Focuses on Innovation and Customer Relationships
Allstate unveiled a new advertising campaign designed to showcase the personal lines insurer as an innovator with deep customer relationships. Allstate said the "It's good to be IN good hands" ...
The Latest Launches From Chubb, Beazley and Willis Towers Watson
Beazley is rolling out new specialist medical professional liability coverage for small healthcare providers. Willis Towers Watson debuted a new plan option for companies that operate in and service ...
Wide Automation in Underwriting Helps Personal Lines Insurers Most: Celent
Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found. "They are more likely to have a homogenous book of business and a standardized ...
Founder-Led Companies Perform Best: Harvard Business Review
Companies led by their founders run circles around the others. Chris Zook, a partner in Bain & Company's Boston office and a co-head of its global strategy practice, makes this assertion as part ...
InsurTech Startups Must Realize They Can’t Disrupt Regulation
The year 2015 marked a substantial shift in insurance: in one year alone, investment in insurance tech reached $2.65 billion. This number encapsulates the immense growth happening in the start-up ...
‘Airbnb for Cars’ Startup Raises $35M; Allianz Covers Participating Drivers
Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued ...
Trov, an On-Demand Insurance Platform for ‘Insurable Moments’ and Items, Raises $39M
Investors have pledged $39 million for a technology platform that allows consumers to insure their valuable things and turn the coverage on and off whenever they want with swipe of a finger on their ...