embedded insurance News

Conning: Embedded Insurance Market Could Exceed $70B in Premium by 2030

Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale – could exceed $70 billion in premium by 2030, according a new report by Conning. This is on par …

Many Insurtechs Exit the Marketplace, and Other 2023 Predictions From Forrester

More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments in the space were at an all-time high, according to predictions from research and consulting firm Forrester. “It’ll be a …

Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance

Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most recently expanded its involvement in 2019. …

Preparing for InsurTech’s Second Act: Embedded Insurance

The insurtech industry has been around for about a decade, and experts say that while it has succeeded in bringing new entrants into the industry, it has struggled at times with distribution and customer acquisition. This is where embedded insurance …

Markets/Coverages: BTIS and RLI Cater to Home-Based Businesses; Cover Genius Targets Midsize Retailers with Warranty App

BTIS Partners With RLI to Offer Nationwide Home-Based Business Insurance Managing general agent Builders & Tradesmen’s Insurance Services (BTIS) has launched a home-based business coverage that is available nationwide and underwritten by specialty insurer RLI. RLI’s home business insurance protects …

Small Business Digital Agency Coterie Enters New York; Now in All States

Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the nation. New York agents and brokers can …

Travelers Acquires Tech Assets of Insurtech Trōv for Personal Insurance

Trōv, an early insurtech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire its technology assets. Trōv did not disclose financial terms of the …

Insurance Technology: Guidewire Guides Insurers to Insurtechs; Rhino, Cover Genius Offer Embedded Renters Insurance

Guidewire Guides Insurers to Insurtechs Guidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program will highlight insurtechs that bring novel approaches to the industry. The program is …

Regulation, Technology Know-How Are Delaying Embedded Insurance’s Full Potential

Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that could postpone its full potential, a panel of experts and industry insiders said during InsureTech Connect 2021 in Vegas. “Regulation is a roadblock …

Financial Services Firms Beware, Outsiders Are Cracking the Code

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers …