Hub International Limited, a leading global insurance brokerage and financial services firm, in partnership with Bold Penguin, Inc., an insurtech innovator, announced today that they have agreed to acquire the assets of Insureon Holdings, LLC and its affiliates. Pending the closings of two separate transactions, Hub will acquire the Insureon digital insurance agency and brand… Continue reading Hub and Bold Penguin to Buy Insureon
Tag: digital insurance
McGriff Introduces New Digital, Data & Analytics Center of Excellence
McGriff today said it has rolled out a new digital, data and analytics center of excellence, the culmination of a two-year effort designed to improve client experience and deliver new products and solutions to a growing client base. The firm’s new center of excellence will reduce the frictional costs of trading, improve risk management, and… Continue reading McGriff Introduces New Digital, Data & Analytics Center of Excellence
WTW and eBaoTech Collaborate to Transform Insurance Middle Office Solutions Capability
eBaoTech, a global leading digital insurance solution provider, and Willis Towers Watson, have announced that they will team up to provide a robust, one-stop insurance middle office platform to accelerate digitalisation across the sector. The collaboration will see Willis Towers Watson’s rating engine, Radar Live, integrated with eBaoTech’s middle office platform, InsureMO®, which is designed… Continue reading WTW and eBaoTech Collaborate to Transform Insurance Middle Office Solutions Capability
Insurtech Funding Rises Nearly 280% in Q2: CB Insights
A handful of very large insurtech funding deals in the second-quarter of 2019 helped to take the total amount of fundraising for the quarter to almost $1.4 billion, which is almost 280% up on the prior year. Data from CB Insights shows that insurtech funding was down slightly on Q1 of this year, as it… Continue reading Insurtech Funding Rises Nearly 280% in Q2: CB Insights
How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting the Insurance Business: Forbes
In the summer of 2017, a Los Angeles man in his mid-20s put on a necklace, blond wig and makeup and made a cellphone video describing how his camera and other electronics had been stolen. He submitted the video to his renters insurance provider, Lemonade, which paid the $677 claim in two days. Three months… Continue reading How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting the Insurance Business: Forbes
Lemonade Raises $300 Million to Fuel Expansion
Tech-driven insurance startup Lemonade Inc has signed a $300 million funding round led by Japan’s SoftBank Group Corp , the company said on Thursday. Other investors included insurer Allianz SE, Alphabet Inc’s venture capital arm GV, General Catalyst, OurCrowd and Thrive Capital. The company will use the funds to expand in the United States, launch… Continue reading Lemonade Raises $300 Million to Fuel Expansion