Strategy
The Institutes Completes Blockchain Proof-of-Auto-Insurance Product; Nationwide to Test
The Institutes' work with insurers in the blockchain space has led to a debut product – a tool designed to establish proof of auto insurance. Nationwide is the first carrier to bring it to ...
Volante Global Debuting in Early 2018 as Multi-Class International MGA Platform
Volante Global Ltd will launch and commence trading during Q1 2018, subject to Lloyd's coverholder approvals where appropriate. The new multi-class and multi-territory international managing general ...
Travelers to Launch Dublin Subsidiary for Post-Brexit Business
Travelers will create a European subsidiary in Dublin in order to serve its customers in a post-Brexit market, the insurer disclosed. Travelers Europe announced it will launch the subsidiary in the ...
Lemonade Secures $120M in New Financing to Fuel Global Expansion
Digital insurer Lemonade Inc. announced a $120 million Series C funding round it will use to help accelerate a global expansion in 2018. SoftBank Group led the round, joined by existing investors ...
Teach Your Workforce to Adopt a Hacker Mindset
"The best way to train employees to defend against hackers is to teach them how to think like one," says HackerOne CEO Marten Mickos in a recent Harvard Business Review article. Mickos notes the ...
Travelers’ Longtime President/COO MacLean Will Retire in Early 2018
Brian MacLean, The Travelers Companies' longtime president and chief operating officer, plans to retire in early 2018. MacLean, a 30-year Travelers veteran, has served as president and COO since June ...
American Family Beefs Up Data/Analytics Capabilities With Networked Insights Acquisition
American Family Insurance has purchased a data and analytics software company in a move it said will help accelerate its digital transformation. Financial terms were not disclosed for American ...
InsurTech Acceleration Program in Hartford Chooses Startups for Inaugural Effort
Hartford InsurTech Hub, an initiative established in 2017 by Hartford, Conn.-based insurance companies, the city of Hartford and CTNext, has selected the 2018 group of 11 startups that will ...