Commissions are more certain than insurance losses. Those were not exactly the words that a Progressive executive used when he described the work the insurer has been doing to help customers meet all their insurance needs—sometimes through the policies of …
Digital insurance agency Nsure.com said today it secured a strategic investment from insurance-focused fund Pelican Ventures, a private firm founded by Renaissance Re founder Jim Stanard and TigerRisk founder Rod Fox. Fox has agreed to join Nsure’s advisory board. The …
Agent digital experiences are moving to the forefront of property/casualty insurance carrier technology strategies, according to a survey report published by Celent late last week. Just having a web portal isn’t going to cut it anymore, with 94 percent of …
Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. “This investment is going to be used to grow our team and build our brand. We are accelerating our efforts to …
Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in November that it bought digital property/casualty insurance marketplace …
The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. The transaction is expected to close in the first quarter of 2021 after regulatory approvals. Terms were not disclosed. …
Pathpoint, a new brokerage for excess and surplus lines, is billing itself as an all-digital wholesale brokerage built from the ground up. Pathpoint is licensed across the U.S. and is a coverholder at Lloyd’s of London. It distributes admitted and …
A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy in place, with larger firms more likely than smaller to have one. That’s according to insurance technology company Applied Systems …
Digital personal lines comparison site The Zebra has reported $38.5 million in Series C fundraising. The round was led by Accel and included other current investors Silverton Partners, Daher Capital, Floodgate Fund, Ballast Point Ventures as well as Weatherford Capital …
Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported. The insurtech said it acquired Sheltr, a San Francisco-based tech-enabled services …
