Technology & Analytics
Catastrophe Modeler Praedicat Raises $6M With Plan to Reach Beyond Insurance Clients
Praedicat said it has completed a $6 million, early stage financing. The Los Angeles-based casualty catastrophe modeling company plans to use the money to accelerate development of products that ...
Digital Startup Neptune Flood Raises $2M to Fuel Private Flood Insurance Market Expansion
Neptune Flood, a digital startup private flood insurance provider, has secured $2 million in seed round funding and has plans to "aggressively expand" nationwide by offering its platform to carriers, ...
Safe Driving App Developer Nexar Raises $30M From Nationwide, Others
Nexar has raised a $30 million round of new funding from Nationwide Insurance and other investors, money that will help expand the reach of its technology startup centered around a dashcam app to ...
The Latest Launches From Beazley and Allstate
Beazley is adding more new options to its Breach Response coverage for small and midsize policyholders in the United States. Allstate Roadside Services is expanding a pilot program with Lyft designed ...
Cybersecurity Firm Optiv Expands Into Europe, Seeks Acquisitions
Optiv Security, an acquisitive Denver-based company backed by private equity firm KKR, is expanding into Europe, where it will offer its cybersecurity management and consultancy services, executives ...
AXIS Capital Weaves Greater Tech Use Into New Reorg Plan
AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place ...
Guidewire Software Teams With Global Startup Platform Plug and Play
Guidewire Software said it joined up with global startup platform Plug and Play to help promote technology innovation in P/C insurance. Specifically, Guidewire will work with certain Plug and Play ...
Captive vs. Independent Agents: Carriers Are Committed to Multiple, Evolving Distribution Channels
Despite the grim outlook forecasted for U.S. agents in a 2013 report by McKinsey & Company, both captive and independent agents remain a viable segment of carrier distribution channels. Even with ...