Digital Insurance

Root raises $724 million in IPO

The Columbus, Ohio-based company sold 24.2 million shares, together with investors selling 2.6 million shares of their own, at $27 each.

Posted: Oct 28, 2020

Insurers more telematics-curious after COVID-19

Consumer adoption is steady but still modest, Novarica finds.

Posted: Oct 28, 2020

AXIS taps Slice for home-business coverage

Amid increased work from home during the coronavirus pandemic, new product to launch with multichannel distribution.

Posted: Oct 27, 2020

AIG names next CEO as it splits off life insurance unit

Peter Zaffino takes over as CEO on March 1.

Posted: Oct 27, 2020

UBS plans big fintech investment push

Bank will partner with Anthemis, which is one of the most active insurtech investors.

Posted: Oct 27, 2020

How insurtechs can learn from e-commerce

I see the insurance industry going through many of the same challenges that we faced early on in e-commerce.

Posted: Oct 27, 2020

California braces for fires, outages in season’s worst winds

In Utah, the arid weather has prompted Berkshire Hathaway Inc.’s Rocky Mountain Power to warn it may cut power to about 1,800 customers in Sundance and Summit Park.

Posted: Oct 26, 2020

Tropical storm Zeta threatens Mexican resorts, U.S. Gulf Coast

Zeta is the 27th named storm in a supercharged Atlantic hurricane season, just one short of the record reached in 2005.

Posted: Oct 26, 2020

Newfront gets $100 million investment, CCC texting: Roundup

Also: Kin Insurance partners with home services company, new client for Breathe Life.

Posted: Oct 26, 2020

Access Denied episode 1: The wealth effect

Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism.

Posted: Oct 26, 2020

Access Denied: The wealth effect

In the first episode of the five-part documentary series, we look at how disparities in net worth and mortgage discrimination impact Black home ownership — and why it's impossible to close the gaps without attacking systemic racism.

Posted: Oct 26, 2020

Introducing Access Denied: Systemic racism in financial services

This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system.

Posted: Oct 23, 2020

Which AI techs are most valuable in P&C?

And where can insurers deploy them for the most value?

Posted: Oct 23, 2020

Digital claims way up amid pandemic

That represents a major lift from 2017, when J.D. Power reported that customers were slow to adopt digital interactions

Posted: Oct 23, 2020

North American insurtechs win Zurich's global competition

The second year of the worldwide competition brings eight regional finalists from four regions.

Posted: Oct 22, 2020

AI insurtech Shift joins MAPFRE's startup program

Companies will work to develop claims automation platform for home leaks.

Posted: Oct 21, 2020

Nippon Life to launch chatbot training for agents

The program is built with an SDK from the startup Sensely.

Posted: Oct 20, 2020

Brazilian health insurtech looks to replicate Oscar

Sami will try to compete with major rivals such as UnitedHealth Group Inc., whose Amil unit in Brazil is one of the nation’s biggest health insurers by number of clients.

Posted: Oct 20, 2020

Next storm, Epsilon, heads toward Bermuda

It is the Atlantic’s 26th named storm this year, the second most in records going back to 1851.

Posted: Oct 19, 2020

Artificial intelligence is changing everything in insurance claims

The goal of every claims organization has been and will remain quickly adjusting a claim at a low cost with high levels of customer satisfaction.

Posted: Oct 19, 2020

Great American CIO jumps to Seibels, Verisk collaborates with Ford: Roundup

Also: Fabric's new CMO, telematics in Utah.

Posted: Oct 19, 2020

Are commercial insurers doing AI right?

There is a tug-of-war between AI for transformational purposes and AI for tactical purposes.

Posted: Oct 16, 2020

Meet the Insurtech: Lori

Company blends wide net for mobile device protection with social mission.

Posted: Oct 15, 2020

Don't forget earthquake resilience in COVID-19's wake

In addition to working with the Aon Rapid Response team, FedEx has looked toward using advanced technology to enhance their ability to expedite emergency response and recovery following an earthquake.

Posted: Oct 15, 2020

Telematics launches from Metromile and Southern Farm Bureau illustrate continuing industry shift

Metromile says the coronavirus pandemic has increased customer interest in its product, with squeezed consumers looking for ways to reduce their costs.

Posted: Oct 14, 2020