InsurTech News

With Ambitions to Expand (and Disrupt Allianz), German Insurer DFV Weighs IPO

With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG [DFV] needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, founder and chief …

Digital Insurance Agency EverQuote Launches IPO

Cambridge, Mass.-based online insurance agency EverQuote Inc. has commenced an initial public offering it hopes will produce $43.2 million in net proceeds for the company. EverQuote is offering 3,125,000 shares of its Class A common stock at an initial public …

XL Catlin Offers TradeTapp Tool that Helps Contractors Pre-Qualify Subcontractors

XL Catlin’s North America Construction insurance business has teamed up with construction tech start up, TradeTapp, to provide Subcontractor Default Insurance (SDI) clients with access to the platform that helps contractors do a better job of evaluating subcontractors before hiring …

Insurtech Can Help Agents, Brokers Build Their Businesses: Furtado of Ratehub.ca

In today’s increasingly digital world, consumers expect to be able to access online information on insurance products, compare prices and carrier options, and apply for coverage using a simple and efficient process. But many agencies and brokerages are falling short …

Hollywood Stars Join Supporting Cast for Insurtech

The company isn’t a well-known name in Silicon Valley, but its investors certainly are. San Francisco-based Ethos Technologies Inc. was founded last year, the product of two Stanford MBAs. The company’s core product is a streamlined, and affordable process for …

Winners Announced for 3rd Annual Efma-Accenture Innovation in Insurance Awards

Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture announced the winners of the third annual Efma-Accenture Innovation in Insurance Awards. Showcasing the best examples of insurance technology innovations in multiple categories, the …

Lloyd’s Lab Begins Global Search for Insurtech Talent

Lloyd’s Lab, the global insurance market’s new innovation sandbox, is launching a global search for tech talent to partner with the Lloyd’s market and develop solutions for its unique and rapidly changing needs. In order to support its digital evolution, …

Digital Workers’ Comp Agency Pie Insurance Enters 3 More States

Digital agency Pie Insurance has begun selling its low-cost small business workers’ compensation insurance policies online in Colorado, Louisiana and Texas. That brings the total states for Pie to seven as in March it began selling in Illinois, Georgia, Tennessee …

Insurtech Investments Hit New High in Q1: Willis Towers Watson

Insurtech investment deals reached a new high in the 2018 first quarter, with older insurers and reinsurers increasingly committing financing right along with traditional venture capitalists, Willis Towers Watson found. There were 66 insurtech investment deals during the quarter at …

Insurtech Next Insurance Ditching Agency Model to Become a Carrier

Next Insurance, which debuted in 2016 as a digital insurance agency for small to medium-size businesses, is repositioning itself by becoming a licensed insurance carrier. The company says it has received its first license from Delaware and expects to be …