Technology & Analytics
Second-Quarter 2018 Financial Details for Lemonade, Root and Metromile
Does Lemonade have shlimazels for customers? Is slower second-quarter growth at Root an indicator that the carrier is deliberately focusing on profitability? Do Ajit Jain and Rob Berkley know ...
Zurich Insurance Begins Competition to Find Cutting-Edge InsurTech Collaborators
Zurich Insurance Group believes a competition will help it find cutting-edge startups and entrepreneurs with whom to collaborate in the InsurTech space. The Swiss insurer launched what it is calling ...
Buffett’s Berkshire Hathaway Invests in India-Based Digital Payments Company
Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into ...
Chubb Licenses Duck Creek Technology Software for Global Use
Chubb has licensed Duck Creek Technology software products for use in all of its global business units. Financial terms were not disclosed. Chubb Chief Information Officer Monique Shivanandan said ...
Toyota Reportedly Will Invest $500M in Uber With a Focus on Self-Driving Cars
Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road, said a person familiar with the matter. The Japanese ...
Write Here, Right Now: How AI Can Amplify Your Business Results
Here's something we typically hear from frustrated underwriting managers: • "We bind around 12 percent of our submissions, but our underwriters review 100 percent of submissions." • "A 1-2 ...
Root Insurance Raises $100M; Money Will Propel Continued Hiring Push, National Expansion
Root Insurance raised a $100 million financing round in a bid to fuel market expansion and hiring as the auto insurance startup with its telematics-based platform goes national. Tiger Global ...
FRISS Adds Online Network Analysis to Its Fraud Detection Arsenal
Insureds looking to commit fraud will no longer be able to simply ask a friend or neighbor to sign as a witness to a claim for car damages, thanks to a new offering from FRISS, a worldwide provider ...