InsurTech News

AIG Chief Data Officer DalleMule Jumps to Insurtech Startup Planck

Planck Resolution, AI-based data platform for commercial insurance, has hired Leandro DalleMule as general manager, North America. Prior to joining Planck Resolution, DalleMule was the chief data officer (CDO) and head of information management at American International Group (AIG), which …

Small Business Insurtech CoverWallet Expands to Offer Its Tech, Markets Access to Agents

CoverWallet, a technology company that has been on a mission to “reinvent insurance for small business” customers, is now offering its platform for insurance agencies, the company revealed today. With 16 agencies already using the platform, another 100 are on …

The Hartford Acquires Sharing Economy Insurance Specialist Y-Risk

The Hartford has purchased Y-Risk, a managing general underwriter that specializes in serving sharing and on-demand economy risks, from Allstar Financial Group, an Atlanta-based holding company with multiple specialty managing general agencies across the country. Unionville, Connecticut-based Y-Risk’s customer mix …

Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion

Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told Reuters. The fundraising values Lufax, set …

Insurtech Oyster Opens up Its Pay-as-You-Go Workers’ Comp Model in California

A new insurtech wants to provide pay-as-you-go workers’ compensation to as many small businesses in California as possible, and it hopes to use the momentum it’s built following a quiet launch in the East earlier this year to do just …

What Insurers Want and Get from Insurtech Partnerships

Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s direction and …

Insurtech MGA Corvus Raises $10 Million to Expand Commercial Lines Business

Corvus Insurance has secured $10 million in new venture financing that the Boston-based insurtech managing general agency plans to use to jump into additional lines of commercial insurance. Two firms led the startup’s Series A financing: .406 Ventures and Hudson …

ACM Launches InsurTech Projects to Streamline Efficiencies

San Diego, CA, November 27, 2018 –Celebrating 30 years in claims management, American Claims Management (ACMclaims.com) has launched several InsurTech projects in 2018, with more to come in 2019. “In our quest to remain cutting edge, we’re participating in an …

Seeman Holtz Agency Acquires Insurtech Goji

Fast-growing insurance agency Seeman Holtz Property & Casualty has taken a technology leap forward by acquiring Boston-based online home and auto Insurance agency Goji (formerly Consumers United) and its technology platform. Goji is a licensed insurance agency that writes policies …

Insurtech Profile: Broker Buddha Simplifies Agents’ Lives with Smart Forms

Many insurtechs find one problem and try to solve it. Broker Buddha is among them. This platform takes static PDF insurance carrier applications and converts them into interactive online smart forms that agents and their clients can both access for …