Metromile Archives - Carrier Management

Metromile to Become Public Company and Expand Nationally

Metromile Inc., an InsurTech focused on pay-per-mile auto insurance, has hit the public markets in a reverse merger deal with Insu Acquisition Corp. II (Insu II), a special purpose acquisition ...

How We Did It: Becoming an InsurTech Unicorn

When InsurTech entrepreneurs like Assaf Wand, Max Simkoff and Dan Preston set out on the path of bringing groundbreaking ideas to life in the insurance industry, they heard a lot of negative talk ...

InsurTech Views of COVID Claims Trends in Auto and HO

With business models centered around pay-per-mile insurance and digital distribution of modern homeowners insurance, InsurTech leaders from Metromile and Hippo recently provided their assessments of ...

The Latest Launches From Metromile and Dovetail

Metromile, a pay-per-mile auto insurer, is teaming with a major auto company to provide car insurance to owners of some of its vehicles. Dovetail, a digital MGA in the small commercial insurance ...

Lemonade Aftertaste: Will Reinsurers Keep Covering Unprofitable InsurTechs?

The IPO of Lemonade in July highlights the value of leveraging ample reinsurance to move from startup phase to a public company, which the online provider of renters insurance pulled off in a scant ...

A Quarantine Dispatch on Metromile, Lemonade and Root’s Financials

Since the first article in this series, Dispatches From InsurTech Survival Island, our principal goal in analyzing the quarterly statutory statements of the most relevant U.S. property/casualty ...

Metromile Exploring Roads to Renters, Homeowners, Commercial Auto

Customers who have been buying personal auto insurance from Metromile may have the option of adding homeowners or renters to a coverage package in the not-too-distant future, the CEO revealed ...

How Pay-Per-Mile Insurance Is Evolving

As automakers race to develop and test autonomous vehicles for longer and more complex trips, insurers offering unique types of auto insurance coverage aren't worrying about disruption. Dan Preston, ...

Metromile, Tokio Marine Group Expand Claims Partnership

Metromile and Tokio Marine Group said they are expanding their claims partnership. Metromile, an InsurTech insurance carrier centered around machine learning, said that Tokio Marine is now using its ...

Lemonade, Root and Metromile: Can David Challenge Goliath With No Sling?

Continuing a series in which we evaluate and discuss the financial performance and operating results of the InsurTech carrier trio of Lemonade, Root and Metromile, we find continued growth and ...