Personal Lines
Personal Auto Insurance Profits Unsustainable, Fitch Says
Highly profitable sub-90 personal auto combined ratios recorded by 10 publicly traded property/casualty insurers in 2020 don't look anything like the 106 recorded in 2016. But they're headed in that ...
Hippo to Go Public Through Reverse Merger Valuing Company at $5B
Hippo has become the latest InsurTech with plans to go public through a reverse merger transaction with a Special Purpose Acquisition Company. The startup – an MGA focused on digital homeowners ...
Progressive’s ‘Apron Relief’ Continues; Snapshot 30-Day Monitoring Available
While Progressive gave back more than $1 billion of premiums last year, and lowered rates in recognition pandemic-related reductions in driving activity, the insurer is offering more potential ...
The Latest Launches from CNA and RSA Group
CNA is rolling out a proactive program of cyber risk services in Canada designed to help companies take a holistic approach to cyber threats. Duck Creek Technologies and Capgemini are working with ...
India Proposes Further Insurance Company Ownership Limits for Banks
India's central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with ...
Making Insurance Personal: Tailoring Insurance Products to Meet Consumers’ Needs
According to a recent Accenture study assessing consumer views about the financial services industry, personalization is a critical success differentiator for insurers. This trend toward ...
Florida’s TypTap Attracts $100M Investment to Fuel Flood Insurance Expansion
TypTap, a Florida-based InsurTech startup that writes private market homeowners and flood insurance, attracted $100 million in financing from investment firm Centerbridge Partners. Plans call for ...
Root Loses $363M in 2020, Will Accelerate Growth Plans in 2021
Root Inc.'s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and ...