Innovation
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 ...
An Instagram Strategy Can Help Create the Next GEICO Gecko
I recently moved to New York City from a comfortable, tree-lined New Jersey suburb, leaving behind three floors, a basement, a backyard and side porch for 1,000 square feet on busy West 55th Street. ...
The Latest Launches From The Hartford, Slice Labs and Allied World/Fairfax
The Hartford launched new coverage to help corporations and other entities with international exposures manage their credit and political risks. Slice Labs Inc. now offers its Insurance Cloud ...
PURE Unveils Revamped Jewelry Insurance, With Eye on Eventual National Rollout
The PURE Group of Insurance Companies has restructured its jewelry insurance to include more protection for losses related to theft and disappearance on its homeowners policy. The additional coverage ...
Waymo’s Self-Driving Taxi Service Starts in Arizona, Relying on Passenger Fees
Alphabet's Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, ...
Last-Ditch Effort Begins to Pass Self-Driving Car Bill
Key U.S. senators are making a last-ditch effort to win approval of a bill to speed the use of self-driving cars without human controls, but face an uphill battle on Capitol Hill. Staff for ...
The Hartford Acquires Y-Risk, an MGA Focused on the Sharing Economy
The Hartford has acquired Y-Risk, a managing general underwriter focused on the sharing and on-demand economy, from Allstar Financial Group Inc. Neither side is disclosing financial terms. Y-Risk ...