Strategy
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 ...
Digital Insurer Lemonade: License Not Needed by Those Who Adopt Its API Sales Platform
Digital insurer Lemonade says companies that integrate its insurance sales platform, or API, into their own apps and web sites "generally speaking do not have to be licensed as insurance agents or ...
The Latest Launches From Octo Telematics, BOLT and Lockton
Octo Telematics is expanding how auto insurance customers can buy its telematics tech. BOLT Solutions, Inc. teamed up with LexisNexis Risk Solutions to simplify how insurance can be purchased. ...
Growth Ahead as State Auto Exits Specialty Biz
A complete digital transformation is taking shape at State Auto Insurance, where efforts to turn around several years of underwriting losses have also meant exits of certain part of the business. ...