InsuraGuest Technologies, Inc.®, through its wholly owned U.S. subsidiary Insure The People, LLC (“ITP”), is pleased to announce it has launched its new Business Owner Policy (“BOP”) insurtech (insurance + technology) portal, www.InsureThePeople.com. ITP is powered by InsuraGuest’s insurtech platform, which will digitally deliver BOPs to 130+ class codes, including retail, wholesale, mercantile, office and… Continue reading InsuraGuest Launches BOP Website, with Coverage Underwritten by Crum & Forster
Tag: Insurtech
TypTap Insurance Company Launches Phase One of Nationwide Expansion
TypTap Insurance Company, a rapidly growing, technology-driven insurance company and a subsidiary of HCI Group, Inc., has launched Phase One of its planned nationwide expansion, which the company first announced in early August. According to the company, Phase One involves applying to state insurance regulators to write homeowners insurance in 20 states outside of Florida:… Continue reading TypTap Insurance Company Launches Phase One of Nationwide Expansion
Bold Penguin Acquires RiskGenius
Bold Penguin, a rapidly growing commercial insurance technology provider, announces today it has entered into a definitive agreement to acquire RiskGenius, a pioneer in insurance document intelligence software. The acquisition will add RiskGenius’s data and analytics products, as well as the team, to Bold Penguin’s existing SaaS platform. This is Bold Penguin’s second InsurTech acquisition… Continue reading Bold Penguin Acquires RiskGenius
InsurTech Root Files IPO with SEC
On Monday, Root filed to go public, adding a second name to the Insurtech IPO rolls in 2020. Lemonade was first out the gate this summer, taking its rental and home insurance business public at an attractive valuation, compared to its revenues and margins as we traditionally understand them. Wall Street was enticed by its… Continue reading InsurTech Root Files IPO with SEC
Next Insurance to Seek $2.25 Billion Valuation in Funding Round
Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to lead the roughly $250 million funding round for the Palo Alto, California-based company, the people said, asking not to… Continue reading Next Insurance to Seek $2.25 Billion Valuation in Funding Round
ITC Global Moves Its Virtual Session to October 19-21
ITC Global announced today that it will now be taking place Monday, October 19 through Wednesday, October 21, instead of Monday, September 21-23. Following is the announcement: “Having already gone through the very difficult decision of moving our Las Vegas event from in-person to virtual, and having already spent the last several months at a… Continue reading ITC Global Moves Its Virtual Session to October 19-21
Lemonade CFO Promotes Do-Good Status, Path to Profitability to New Investors
Lemonade Inc.’s finance chief faces a peculiar challenge: explaining to new investors why a company that is not yet profitable is giving away money to charity. Customers signing up for one of Lemonade’s products—homeowners, renters or pet insurance—select a charity of their choice. The company then contributes a portion of unclaimed insurance premiums—$1.1 million in… Continue reading Lemonade CFO Promotes Do-Good Status, Path to Profitability to New Investors
Roper Technologies Buys Vertafore for $5.35 Billion
Roper Technologies, Inc., a leading diversified technology company, today announced that it has reached a definitive agreement to acquire Vertafore in an all-cash transaction valued at approximately $5.35 billion. “In Roper we have found a partner who shares both our vision and our values,” said Vertafore Chief Executive Officer Amy Zupon. “Their acquisition of Vertafore… Continue reading Roper Technologies Buys Vertafore for $5.35 Billion
Lloyd’s Lab Selects Ten New InsurTechs Focused on COVID-19 Risks
Lloyd’s, the world’s leading specialist insurance and reinsurance market, today announced its new cohort of InsurTech disruptors that will join the Lloyd’s Lab innovation accelerator programme, and includes start-ups who are focused on providing solutions to support the Market to respond to the COVID-19 pandemic. More than 140 applications were received from across the world… Continue reading Lloyd’s Lab Selects Ten New InsurTechs Focused on COVID-19 Risks
eMaxx Announces the Appointment of Eileen Currie to Lead Insurance Operations
eMaxx, a leading commercial property and casualty InsurTech, today announced that Eileen Currie has been appointed President / CEO of eMaxx’s insurance operating companies. Eileen Currie will lead the insurance operations in underwriting, client services, and distribution for its alternative risk captive insurance programs. “We are honored to have Eileen join eMaxx to serve as… Continue reading eMaxx Announces the Appointment of Eileen Currie to Lead Insurance Operations