Shares in “insurtech” startups, which look to upend traditional insurance through the use of automation, data and AI, have enjoyed a small bounce lately thanks to the mania unleashed by OpenAI’s ChatGPT. But they remain far below their levels a few years ago, when many went public.
Tag: Insurtechs
Some Insurtech Companies Get Multibillion-Dollar Valuations
A number of insurtech startups are coming to market through blank-check companies. Here are valuations of several that have announced special purpose acquisition company (SPAC) plans. COMPANY IMPLIED ENTERPRISE VALUE CCC Information Services Inc $7.0 billion Hippo… Continue reading Some Insurtech Companies Get Multibillion-Dollar Valuations
E-Commerce InsurTech Pioneer Setoo to Merge with Pattern Insurance Services, Creating an Embedded Insurance Global Leader
Embedded insurance pioneer Setoo announced it is entering into a merger agreement with Pattern, an insurtech startup that is coming out of stealth mode. The joint company will operate across Europe and the U.S. under the name of Pattern. Pattern will help businesses generate new revenue streams and increase customer satisfaction through tailored insurance products,… Continue reading E-Commerce InsurTech Pioneer Setoo to Merge with Pattern Insurance Services, Creating an Embedded Insurance Global Leader