Innovation
VC Funding Could Dry Up, InsurTech Exec Says
The days of VC funds and strategic investors throwing money at InsurTechs may be numbered, an InsurTech executive warned fellow startup leaders late last year during a presentation at an InsurTech ...
MGA Clearcover Pulls in $50M Financing, With Designs on Becoming Full-Stack Carrier
Clearcover, a managing general agent whose artificial intelligence-driven platform focuses on auto insurance, has raised $50 million in new financing. The money is designed to accelerate further ...
The Latest Launches From The Hartford and Zurich
The Hartford said it has expanded its offerings designed to protect customers from cyber attack risks. Zurich and InsurTech managing general underwriter Vindati have launched a new stand-alone Motor ...
Allstate Plans to Retire Struggling Esurance Brand as Part of Broader Overhaul
Allstate plans to phase out its struggling Esurance brand as part of a broader overhaul in how the company does business, the Illinois-based insurer disclosed on Dec. 19. Executives are framing the ...
British Regulator Explores Data Sharing Expansion Into Insurance, Other Industries
Britain's Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings, insurance, mortgages, investments, pensions and ...
Nationwide Opens Innovation/Collaboration Space
Nationwide's new center, designed in part to foster innovation and greater collaboration on product development, is open for business. Named The CoOperative, the center will be based at the former ...
Executive Viewpoint: In 2020, InsurTechs Will Lead the Way
The year 2019 has been a defining one for InsurTechs and, in many ways, has set the pace for what's to come. No longer are legacy companies the presumed leaders of the industry, as we've seen ...
Allianz UK Begins Marketing Cyber Cover for Mid-Sized Businesses
Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-sized corporate businesses. Cyber Select's cover is designed to deal with the consequences of unauthorized use of IT ...