Verisk, a leading data analytics provider, announced today the expansion of its new InsurTech solution OneXperience™ into commercial insurance. This expansion will enable agents and businesses to engage and closely collaborate with insurers by sharing video surveys of commercial properties in real time, helping insurers and their customers accelerate the underwriting process. “Commercial property insurers… Continue reading Verisk Expands Inspection Collaboration Tool, OneXperience, to Commercial Lines
Tag: Insurtech
Direct Online Small Commercial Insurance Market Poised to Grow to $12B by 2025: Novarica
Over the past decade, selling small commercial insurance directly online to customers has gone from an outlandish idea to a reality. In a new report, Direct Online Small Commercial Insurance: 2020 Update, research and advisory firm Novarica projects significant growth in the market as insuretechs and major carriers alike try to serve America’s 30 million… Continue reading Direct Online Small Commercial Insurance Market Poised to Grow to $12B by 2025: Novarica
The Zebra Raises $38.5M As the Insurance Marketplace Race Heats Up
Tuesday morning The Zebra, an Austin-based insurance marketplace startup, announced it has closed a $38.5 million Series C. Accel led the funding event, which was participated in by prior investors Silverton Partners, Ballast Point Ventures, and the company’s CEO Keith Melnick. Floodgate and Weatherford Capital also invested in the round. According to Melnick, the company… Continue reading The Zebra Raises $38.5M As the Insurance Marketplace Race Heats Up
Boost Insurance Expands Infrastructure-as-a-Service Platform with Suite of Breakthrough Products
Today, Boost Insurance (“Boost”) announced a $14 million Series A round of financing to expand its cutting edge infrastructure-as-a-service (IaaS) platform that is transforming the insurance industry. The round was co-led by Coatue and Greycroft, with participation from Tusk Venture Partners, Conversion Capital, and MetLife Chairman Glenn Hubbard. Existing investors Norwest Venture Partners and IA… Continue reading Boost Insurance Expands Infrastructure-as-a-Service Platform with Suite of Breakthrough Products
KKR-Led Funding Round Gives $100 Million to Startup Policygenius
Online insurance startup Policygenius raised $100 million from investors including KKR & Co. and venture capital operations backed by Axa SA, Massachusetts Mutual Life Insurance Co. and Transamerica. The company has annual revenue of $60 million, which is 10 times higher than in 2017, when it last completed a round of fundraising, Policygenius said in… Continue reading KKR-Led Funding Round Gives $100 Million to Startup Policygenius
2019 InsurTech Investment Reaches All-Time High at $6.37B
Total new worldwide funding commitments to the InsurTech sector in 2019 were $6.37 billion, 33.9% of the historical total, following a record-breaking $1.99 billion of investment in 75 projects during Q4 2019, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, a leading global advisory, broking and solutions company. During the year, eight… Continue reading 2019 InsurTech Investment Reaches All-Time High at $6.37B
Insurtech Bold Penguin Announces Acquisition of xagent to Better Serve Commercial Insurance Market
Bold Penguin today announced its acquisition of xagent, an independent, multi-quote platform for standard and surplus lines business insurance market. This acquisition will enable Bold Penguin to better serve Insurance Carriers, Brokers and Agents through increased scale and a single choice in the market, while maintaining its commitment to simplifying the commercial insurance process. The… Continue reading Insurtech Bold Penguin Announces Acquisition of xagent to Better Serve Commercial Insurance Market
Commercial Insurtech Juniper Labs Announces Open Data Launch at Plug and Play Winter Summit
Automated underwriting insurtech company Juniper Labs announced that it is launching the first-ever open-sourced dataset purpose-built for commercial insurance. Juniper Labs plans to release over 40 million business records it acquired to train its underwriting models for anyone to use. Commercial carriers can use this data to verify an applicant’s information, supplement their own datasets… Continue reading Commercial Insurtech Juniper Labs Announces Open Data Launch at Plug and Play Winter Summit
Next Insurance Hires Former Fitbit and Yelp Executives
Next Insurance, the leading digital insurtech company transforming small business insurance, today announced the appointment of former Fitbit executive Melanie Chase as Chief Marketing Officer and former Yelp executive Effi Fuks Leichtag as Chief Product Officer. Next Insurance provides digital small business insurance coverage across the US and is upending the traditional industry model by… Continue reading Next Insurance Hires Former Fitbit and Yelp Executives
2019 InsurTech Investment Already Ahead of 2018 Total
Total new worldwide funding commitments to the InsurTech sector in 2019 have already surpassed the 2018 full-year total, and during the third quarter exceeded $1.2 billion for the fifth consecutive quarter-year period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, a leading global advisory, broking and solutions company. 83 deals with a… Continue reading 2019 InsurTech Investment Already Ahead of 2018 Total