digital insurance News
InsurTechs Help Carriers Bridge the Digital Divide in Multiple Ways
As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how InsurTechs can step in and help insurers navigate the ever-changing digital space. "I ...
U.S. P/C Insurance Customers Aren’t Too Happy With Digital Improvements: J.D. Power
Property/casualty insurers, particularly after a year of pandemic-related quarantines, are increasingly shifting to digital distribution channels. Customers aren't particularly happy with the ...
Amazon-Backed Digital Insurer in India Hopes to Raise $200M in New Financing
Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed ...
Farmers Rolls Out Direct-to-Consumer Policies in Two Additional States
Farmers Insurance is debuting direct-to-consumer policies in Massachusetts and Louisiana. Customers in both states can now digitally access quotes and purchase customizable auto, home, condo, and ...
Observers Give Mixed Reception to Chubb’s New Blink Digital Platform
Chubb is an old school P/C insurer touting its new Blink platform for consumers as an "easy, effortless and affordable" option "for digitally-savvy consumers." Interestingly, many InsurTechs use the ...
For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts
Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. ...
Venture Funding Drop Leaves Digital Insurers Vulnerable to Takeover
Some digital insurers will be in serious jeopardy as standalone companies in the months ahead, thanks in part to a big coronavirus crisis-related drop in venture funding. That reality, in turn, could ...
Lemonade Enters the Netherlands Insurance Marketplace
Lemonade is now doing business in the Netherlands, its second European country after debuting in Germany nine months ago. The New York-based InsurTech said that Dutch customers can purchase contents ...