digital insurer News

Pandemic Stay-at-Home Experience Raises P/C Insurers’ Bar for Delivering Digitally

Significant investments in direct-to-consumer website and mobile design have helped property/casualty insurance companies improve their digital service and shopping experiences. Consultants at J.D. Power say insurers have made across-the-board improvements in clarity of information, but many still struggle with the …

Entering and Exiting Digital: What’s Up with Multi-Brand Strategies of P/C Insurers?

Two of the largest property/casualty insurers in the U.S., Allstate and Nationwide, made headlines recently when they announced shifts in their respective multi-brand portfolios. Faced with the prospect of staying relevant in an environment that has seen minimal organic growth …

Allstate to Retire Esurance Brand

Allstate is retiring its Esurance brand and combining its remaining Allstate, Encompass and Answer Financial personal lines brands under a single business model. The company says dropping Esurance and creating the new business model will lower costs and allow it …

Insurtech Profile: Openly’s ‘Sophisticated’ Digital Experience for Independent Agents

Keep an eye out for Openly, a new digitally-sophisticated upmarket homeowners insurer catering to independent agents. According to Ty Harris, founder and CEO, Openly will launch in early 2019 in a yet-to-be-announced large inland state. “We’re going after mainland America …

Prudential Joins Direct-to-Consumer Movement

Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The direct-to-consumer service marks a …

Online Insurer CM Select Targets Small Churches, Religious Organizations

Church Mutual Insurance Co. has launched CM Select Insurance Co. – an online insurer offering access to an insurance product specifically for smaller churches and other religious organizations. These organizations can obtain quotes, purchase policies and manage their insurance needs …

Startup Root Raises $100 Million, Prepares to Go National

Root Insurance raised a $100 million financing round in a bid to fuel market expansion and hiring as the auto insurance startup with its telematics-based platform goes national. Tiger Global Management led the Series D funding round, with Redpoint Ventures, …

Lafreniere Joins Slice Labs as Chief Growth Officer to Work with Insurers

On-demand insurance platform Slice Labs Inc. has hired Philippe Lafreniere as chief growth officer to work with carriers on the development of digital insurance products serving business and consumers. Lafreniere brings 25 years of global insurance technology experience to the …

Argo Group Rebrands Newly-Acquired Ariscom to ArgoGlobal Assicurazioni

Bermuda-based specialty insurer and reinsurer Argo Group International Holdings is rebranding its subsidiary Ariscom to ArgoGlobal Assicurazioni following Argo Group’s acquisition of the digital Italian specialty insurance subsidiary in March. As announced in April 2018, Giovanni Tucci serves as managing …