Strategy
Starr Becomes Minority Shareholder in Small Business InsurTech CoverWallet
Starr Companies is now a minority shareholder in online small business insurance agency CoverWallet. CoverWallet confirmed the deal that was first reported by the Wall Street Journal. No financial ...
Allianz, GM, BMW, Toyota Invest in Self-Driving Software Startup Nauto
General Motors Co and Japan's Softbank Group Corp are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles. Nauto, based in Palo Alto, said on ...
Risk is ‘Substantial’ That the UK Won’t Achieve Brexit Deal: Moody’s
The risk that the UK will tumble out of the European Union in two years without a Brexit deal is "substantial," Moody's Investors Service said. Such an outcome would affect everything from banks to ...
Ron Lockton Is Lockton Inc.’s New President and CEO
Lockton Inc.'s president and CEO has resigned, and a scion of the broker's founding family has replaced him. Glenn Spencer left the privately held independent insurance broker for personal reasons, ...
Travelers Adds Smartphone App to Usage-Based Auto Insurance Option
Travelers is debuting a smartphone app designed to go with its usage-based auto insurance coverage, with an initial launch in two states. Participating customers who use the app and drive safely can ...
At Friendsurance, Continuous Performance Evaluations Help Employees Learn and Grow
Here's an idea for insurers seeking to inspire and retain their talented, and younger employees: continuous performance evaluations. Friendsurance, the Berlin-based peer-to-peer insurance broker, ...
The Latest Launches From Nationwide and Willis Towers Watson
Nationwide added a function to Amazon Alexa that lets subscribers of its usage base auto insurance program access data via voice command. Willis Towers Watson is debuting a virtual, actuarial ...
GA Delivers Profit Fix For Regional, National Carriers With No Agency Force Disruption
As competition heats up, eroding underwriting profits across the industry, regional insurance carriers are carefully reviewing their books of business and putting renewed focus on the most profitable ...