Technology & Analytics
Cyber Reinsurance MGA Envelop Risk Attracts $130M Infusion to Fuel Global Growth Plans
Envelop Risk, the UK-based cyber insurance/ reinsurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will help Envelop Risk ...
InsurTech Five Sigma Raises $12M for Cloud-Based Claims Platform Expansion
Israel's Five Sigma raised $12 million to accelerate growth and expansion of its cloud-based claims platform. The investment firm 83North led the Series A round, which also included existing ...
Carriers Marketing Usage-Based Auto Insurance Have Multiple Obstacles to Overcome: S&P Analysis
Usage-based personal auto insurance may be drawing ever-increasing attention. Its wider adoption is stymied, however, by customer age and demographics, privacy concerns, misunderstanding about the ...
Carriers Will Gain Sales and Loyalty by Supporting the Digital Marketing Evolution
When it comes to obtaining insurance coverage, who are consumers ultimately buying from? Data shows that in 2020 about 60 percent of property/casualty policies are sold by independent agents. There ...
Six Critical Capabilities to Transform Insurers’ Digital Payment Platforms
During COVID-19 lockdowns and other related challenges, many insurers began realizing the more urgent need to automate parts of their businesses to increase efficiencies and profitability. In fact, ...
Sayata Raises $17M; Broker Platform to Expand Beyond Cyber
Sayata has raised $17 million in new venture capital and has a broad growth strategy in mind. The Massachusetts-based InsurTech startup has a platform designed to help wholesale brokers and carriers ...
How Nationwide Is Using Telematics to Transform Commercial Auto Insurance
The hyperconnection between people, machines and organizations is a pervasive megatrend that characterizes our society in any aspects, at any level, in any part of the world. The Internet of Things ...
A Repeatable Model for Using IoT to Transform Commercial Insurance
Traditional insurance products focus on risk transfer. Insurers compete based on their ability to use historical loss information, data gathered during the submission process and other data from ...