insurance

  • Insurance brokerage is broken Crunch Network

    Insurance brokerage is broken

    While many factors are driving the tipping point in the online distribution of insurance, the thread that ties it all together is simple: changing demographics. Insurance companies cannot expect to sell the same way to a cohort with fundamentally different purchasing habits and expectations. Players that can find new ways to sell insurance products — to new audiences that are used to… Read More

  • With $25.5M in new funding, Trov launches on-demand insurance for individual items

    With $25.5M in new funding, Trov launches on-demand insurance for individual items

    Insurance isn’t necessarily an inviting word, especially for millennials. Not only do young people have fewer items to insure, but the process of getting insurance for those items is entirely foreign to folks who order their cars, food, cleaning services and more from an iPhone app. That’s where Trov comes in. Trov is an on-demand insurance platform that lets users buy insurance… Read More

  • The new-world insurance agent Crunch Network

    The new-world insurance agent

    Silicon Valley is building the new-world insurance agent. My grandfather started selling insurance in the 1950s and insurance eventually granted him the American dream. Today, the industry accounts for 7 percent of U.S. GDP, with more than $1.1 trillion of net premiums paid annually. The aged way of conducting business is pushing the Valley to disrupt all layers of the value chain. Read More

  • Fintech’s $138 billion opportunity Crunch Network

    Fintech’s $138 billion opportunity

    Fintech is in the midst of a golden age of investment and innovation. According to KPMG and CB Insights, investments in fintech startups doubled between 2014 and 2015, to $14 billion. However, comparatively little of this money has been focused on the $138 billion market opportunity to disrupt alternative financial services in the United States. This lack of focus is damaging… Read More

  • Slice Labs raises $3.9M to insure on-demand workers when they’re on the job

    Slice Labs raises $3.9M to insure on-demand workers when they’re on the job

    Tim Attia, co-founder and CEO of Slice Labs, said there’s “a ticking time bomb” threatening the on-demand economy — namely, insurance and liability. Attia’s tackling that problem with Slice, which will offer insurance for on-demand workers and providers, starting with rideshare drivers and then homeshare hosts. The startup is announcing today that it has raised… Read More

  • Still Stealthy, New Insurance Company Lemonade Continues To Impress With New Hire, Dan Ariely

    Still Stealthy, New Insurance Company Lemonade Continues To Impress With New Hire, Dan Ariely

    The still-stealthy Lemonade continues to build out an impressive team giving some hope that its new model for insurance (the company’s tagline is “Insurance that doesn’t suck.”) will live up to its promises. Read More

  • The Next Billion-Dollar Insurer Crunch Network

    The Next Billion-Dollar Insurer

    Venture capital-backed insurance success stories have risen at a regular drumbeat over the last few years: 2011 brought the billion-dollar Esurance acquisition, 2012 brought the wildly successful Guidewire IPO, 2013 brought the large Climate Corp. acquisition and 2014-2015 brought Zenefits to prominence. Each of these companies pulls a piece of the insurance industry kicking and screaming into… Read More

  • The Internet Of Medicine Is Just What The Doctor Ordered Crunch Network

    The Internet Of Medicine Is Just What The Doctor Ordered

    Healthcare reform has eluded Congress for more than two decades. It seems technology, driven by the Internet of Things (IoT), could well make the biggest transformation of all. In many respects, IoT is just what the doctor ordered. It holds the key to lowering medical costs, improving quality and making healthcare more personalized, accessible and affordable for average patients. Read More

  • Opportunities In The Risk Business Abound As Insurance Is Ready For Disruption Crunch Network

    Opportunities In The Risk Business Abound As Insurance Is Ready For Disruption

    Whether medical, automotive, life, residential, or commercial, the value proposition of smoothing out potential cash flow outlays often makes sense. Pretty cool. But on any chart highlighting relative customer satisfaction across industries, you will consistently find that insurance ranks among the last — only ahead of real estate, telcos and cable companies. Read More

  • MIT Spinout Insurify Raises $2 Million To Replace Human Insurance Agents With A Robot

    MIT Spinout Insurify Raises $2 Million To Replace Human Insurance Agents With A Robot

    Insurify, a startup out of MIT, today announced the launch of Evia (Expert Virtual Insurance Agent), an artificially intelligent virtual insurance agent that aims to find you better car insurance using a photo of your license plate. The company recently pulled in $2 million in seed from Rationalwave Capital Partners to create EVIA and launch its robo-agent platform. “We barely have time… Read More

  • The Zebra, A “Kayak For Auto Insurance,” Grabs $17 Million To Better Educate Drivers About Rates & Coverage

    The Zebra, A “Kayak For Auto Insurance,” Grabs $17 Million To Better Educate Drivers About Rates & Coverage

    Austin-based The Zebra, a startup that’s something of a “Kayak for auto insurance,” has been working to bring the process of shopping for insurance online, where consumers can more transparently compare quotes and understand how insurance companies determine rates. Now the company has raised an additional $17 million in Series A funding led by Ballast Point Ventures. The… Read More

  • Tech And The Changing Face Of Insurance Crunch Network

    Tech And The Changing Face Of Insurance

    It’s only 2016, but the real world is quickly moving into the realm of science fiction. Drones, driverless cars and not-really-hoverboards are (or soon will be) commonplace. We’ve also seen technology change industries not normally associated with the term “cutting edge.” But with these new toys and technologies come questions. Here’s the one question everyone… Read More

  • Microinsurance Is The Answer To The Insurance Industry Crunch Network

    Microinsurance Is The Answer To The Insurance Industry

    Let’s be real. The insurance industry has barely evolved since Benjamin Franklin introduced the concept in the late 1700s. You’d think after three hundred years and a market size of $1 trillion in the United States alone, insurance companies like MetLife and AIG would have nailed it. But they haven’t. Instead, they’ve left millions of Americans paying toward… Read More

  • Sequoia Invests $13 Million In A Seed Round For Lemonade, Which Is Looking To Transform Insurance

    Sequoia Invests $13 Million In A Seed Round For Lemonade, Which Is Looking To Transform Insurance

    In one of the largest seed investments in the firm’s history, Sequoia Capital is committing to a $13 million round for Lemonade, a company that’s looking to bring the idea of peer-to-peer personal insurance to the U.S. There is perhaps no industry more universally reviled than the insurance industry and Lemonade’s co-founders, Shai Wininger (a co-founder of the jobs… Read More

  • Key Person Insurance Is VCs’ Assurance Crunch Network

    Key Person Insurance Is VCs’ Assurance

    Founders soliciting venture funds quickly get comfortable revealing details about their operations, vision and finances. They may also need to be willing to step on a scale and get a blood draw. Investors try to ensure that the startups they’re funding are healthy, and, strange as it might seem, they like to know that critical founders are in good shape, too. Read More

  • Collective Health Closes On $81 Million, Adds Google Ventures To List Of High-Profile Investors

    Collective Health Closes On $81 Million, Adds Google Ventures To List Of High-Profile Investors

    Enterprise health insurance services platform Collective Health has raised a healthy $81 million in Series C funding to help the startup continue to grow its team, as well as cover the U.S. market. Ali Diab co-founded Collective Health with his friend Rajaie Batniji, a physician and political economist at Stanford University, after Diab had a terrible experience going the rounds with his… Read More

  • How IoT Will Change Your Relationship With Insurance Crunch Network

    How IoT Will Change Your Relationship With Insurance

    Between TVs, refrigerators, ovens, light bulbs, cars, fitness trackers and jewelry, it seems like everything these days is connected to the Internet. It’s probably safe to say that you’re already using a few connected devices in your daily life. You’re not alone; Business Insider Intelligence estimates there will be nine billion IoT (Internet of Things) devices worldwide by 2018. Read More

  • Insurance Is The Next Frontier For Fintech Crunch Network

    Insurance Is The Next Frontier For Fintech

    We have entered a golden age for fintech. LendingClub and OnDeck recently exited through massive IPOs, and global investments in the fintech space hit $3 billion last year. This outpouring of innovation and investment has spread across the financial sector, spanning mobile banking, small business lending, financial advisers, credit scoring, savings and more. Read More

  • March Madness And Connected Fitness: Who’s Best In The League? Crunch Network

    March Madness And Connected Fitness: Who’s Best In The League?

    March: the month where brackets are set, all-star players and teams are matched up and competitions determine who is best in the league. As the intensity of March Madness is upon us, I’ve been watching another landscape in which, similar to NCAA basketball, players are closely being measured and champions are already being predicted. I’m talking about the connected fitness… Read More

  • Will Google Enter The Insurance Industry? Crunch Network

    Will Google Enter The Insurance Industry?

    When it comes to collecting and organizing information, Google is well on its way to establishing its hegemony through the registration of 6 billion daily unique searches and indexing of over 50 billion web pages (2013). What remains to be seen is how this information is being made universally accessible and at what price. One of the industries that has particular advantage of access to… Read More