Industry News
Executives On The Move at Alliant and Insurance Information Institute
Alliant hired a Willis Towers Watson veteran as Senior Vice President. The Insurance Information Institute hired a new Vice President and Senior Economist, who will handle areas including research, ...
The Latest Launches From Zurich Insurance and JLT Re North America
Zurich Insurance is launching a new app designed to help give distributors its general risk appetite across multiple industries. JLT Re North America is partnering with personal auto InsurTech Pact ...
American Family Invests in TicketGuardian, Provider of Specialty Insurance for Events, Ticket Holders
American Family Insurance co-led the $8 million Series A financing round for TicketGuardian, an InsurTech startup that helps insure concert and event organizers, as well as customers who buy tickets ...
Swiss Re Appoints Leader for ReAssure as it Mulls Possible IPO
Swiss Re named a chief executive officer for its British closed book business ReAssure on Monday as the Swiss reinsurance company prepares the business for a possible initial public offering (IPO). ...
Between an Ant and a Grasshopper, Lemonade’s Results ‘Most Improved’
The three U.S. venture-backed InsurTech carriers we have been tracking for several quarters have more money, more premium and more losses as we head into the last quarter of the year. During the ...
Can an InsurTech Startup Compete With Progressive and GEICO?
The most common refrain of startups is that insurance is broken and their solution will fix it. Oui, c'est vrai. But two companies have their act together more than almost any other insurers: GEICO ...
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 ...