With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% nationally over the past year
On a surface level, usage-based insurance makes a lot of sense. But differentiating users also raises all sorts of questions on what's fair, and where usage-based insurance is heading next.
How is it possible that an over $5 trillion industry cannot seem to attract capital? Have investors picked the wrong business models, or are there pockets within insurtech that have been ignored?
Which insurtech startups are set to thrive? And could we see the market find space for neoinsurance companies still private to not fall into the same trap as their public predecessors?
Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital. SoftBank’
Ascend is moving insurance into the digital age by with a payments platform that combines financing, collections and payables.
How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping? A lot, I’d bet. Today, Insurify, a startup that wants to help make it easi
Either the neoinsurance companies' long-term models will come to fruition thanks to large cash balances providing runway to prove their point, or Wall Street is correct -- they were always overvalued.
Branch Insurance, a startup offering bundled home and auto insurance, has raised $50 million in a Series B funding round led by Anthemis Group. Acrew, Cherry Creek Holdings and existing backers Greycr
Here in the U.S. the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new
When Art Agrawal was growing up in India, a car ride was a rare treat, and car ownership was a dream. When he moved to the U.S. and bought his first car, he was shocked by how much it cost and how dif
The Zebra, an Austin-based company that operates an insurance comparison site, has raised $150 million in a Series D round that propels it into unicorn territory. Both the round size and valuation are
Zego, the insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has rai
Car auto-insurance from legacy providers has structural bias built into it. It uses metrics such as credit score, income, marital status and education to figure out insurance rates, which eventually d
Caura, the U.K. startup that wants to take the hassle out of car ownership, is launching car insurance — unveiling its insurtech ambitions. Dubbed “Caura Protect,” the new insurance
I assumed most investors were jerks in pitch meetings, but my white colleagues told me the level of disrespect and dismissiveness I received was not typical.
Rivian is hiring an insurance agency data manager, a job posting that suggests the all-electric automaker is planning to offer its own insurance to customers. The job was first posted by RivianForums,
Root Insurance, an Ohio-based car insurance startup that uses smartphone technology to understand individual driver behavior, said Monday it has raised $350 million on a $3.65 billion valuation in a
Root Insurance, an Ohio-based car insurance startup with a tech twist, said Wednesday it has raised $100 million in a Series D funding round led by Tiger Global Management, pushing the company’s
Alexander Timm has been working in the insurance industry since he was 14. While that’s strange enough, what’s even weirder is that Timm really loves the work. He’s so enamored of th
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