Digital Insurance

Meet the insurtech: Foxquilt

Toronto-based company recently raised $3.5 million in seed funding for commercial insurance platform.

Posted: Jul 20, 2020

Miles driven set to drop with increased work-from-home

The decline in commuting will remove 14 million cars from U.S. roads, the KPMG study forecasts.

Posted: Jul 16, 2020

Coronavirus: An opportunity to reimagine worker's compensation insurance

You can think of it as two new endorsements that wrap around the traditional workers compensation coverage.

Posted: Jul 16, 2020

Lemonade launches pet insurance in 33 states

The new product operates in largely the same way as the company's signature offerings.

Posted: Jul 15, 2020

Farmers x Carpe Data; digital home insurer Swyfft picks claims platform; Haven Life: Roundup

Also: Mercury Insurance launches Texas UBI, Haven Life to integrate Insuritas

Posted: Jul 15, 2020

Coronavirus won't crush insurtech

The focus of investment is going to transition in a way that reflects a new phase of development for the insurtech space.

Posted: Jul 14, 2020

Walmart enters health insurance industry

The retail giant is looking to hire Medicare insurance agents to get the new venture off the ground.

Posted: Jul 14, 2020

Hiscox uses coronavirus as springboard for insurtech partnership

When coronavirus began causing many small businesses to view annual liability policies as burdensome, Hiscox hatched the distribution pilot idea to gauge appetite for short-term coverage.

Posted: Jul 14, 2020

Pandemic insurance woes lead insurtech Thimble, Hiscox to partner

When coronavirus began causing many small businesses to view annual liability policies as burdensome, Hiscox hatched the distribution pilot idea to gauge appetite for short-term coverage.

Posted: Jul 14, 2020

Insurance digital transformation myths vs. reality: McKinsey

Many insurers miss out on the full benefits of transformation programs for key reasons.

Posted: Jul 13, 2020

How Nationwide and other carriers can support agents going digital post-COVID

Agents who aim to become a true “digital powerhouse” should focus their attention in two key areas: digital marketing and streamlined self-service.

Posted: Jul 13, 2020

Insurance data strategy revolving around personalized customer experience

The data types that firms perceive as adding the most value to the business include pre-fill data from third-party vendors, images from cameras and smartphones, PDFs of all sorts of data, and customer segmentation.

Posted: Jul 10, 2020

Empathy in insurance is more important than ever

People buy insurance for peace of mind, and there are steps insurers can take to help further ease customers’ minds during this difficult time.

Posted: Jul 09, 2020

Zurich NA picks innovative insurtechs, Brewer Lane invests in health insurance fraud startup: Roundu...

Also: How insurtech Skywatch.ai worked with Google, and Foxquilt looks to expand.

Posted: Jul 09, 2020

5 questions: What's next for UBI

The sharing economy and pandemic-reduced driving volume are raising consumer interest in UBI.

Posted: Jul 08, 2020

Computer vision makes geospatial imagery come alive: 3 key insurance use cases

Computer vision helps us turn the vast amount of geospatial imagery generated by satellite, reconnaissance planes, and drones into geospatial intelligence to be used in risk assessment, loss prevention, risk management, and product innovation.

Posted: Jul 08, 2020

Financial services industry struggles to emerge from lockdown

Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe enviro...

Posted: Jul 07, 2020

Chubb finds IoT success with wine program

Partnership with HSB helping in de-risking expensive collections.

Posted: Jul 07, 2020

Meet the insurtech: Breeze

Company partnered with Assurant Life to launch product targeting freelancers and gig-economy workers.

Posted: Jul 06, 2020

Insurtech funding rounds: Q2 2020 edition

Despite the pandemic, there were several investments of $10 million or more in the spring.

Posted: Jul 06, 2020

Softbank-backed Lemonade jumps 86% in $319 million U.S. debut

Shares of the company opened at $50.06 and rose as high as $53.96 in New York trading Thursday.

Posted: Jul 02, 2020

Root and GasBuddy join up; new telematics course for agents: Insurtech roundup

How drivers' data can help them save on fuel, a new texting partner for Guidwire, and more.

Posted: Jul 02, 2020

Lloyd’s of London steps up call for expanding pandemic insurance

The world’s largest insurance market proposed a new type of policy that would cover revenue lost during a lockdown when businesses are ordered to close,

Posted: Jul 01, 2020

How insurtech is powering wildfire response

Start-ups and other companies have been working to develop tech innovations addressing extreme-weather disasters.

Posted: Jul 01, 2020

AXA agrees to cover restaurant losses from coronavirus lockdown

Hiscox Ltd. and other insurers indicated in the FCA case that they would argue against paying out fully on such claims, saying that shops in Sweden lost money even without a strict lockdown.

Posted: Jun 30, 2020