InsurTech
Root Promises 2022 Improvements After Losing $415M This Year Through Sept. 30
Root has lost more than $415 million from January through September 2021, almost double the same period a year ago. The Ohio based digital auto insurer also took year-to-date hits on net premiums ...
Investor Ire Over Lemonade’s Metromile Deal Overshadowed Generally Encouraging Q3 Results
Lemonade's decision to acquire struggling pay-per-mile auto insurer Metromile, along with a loss ratio that spiked higher, initially drowned out news of otherwise encouraging results from the ...
Lemonade’s Metromile M&A Deal Could Presage More InsurTech Acquisitions to Come: S&P
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public startups burdened by anemic ...
InsurTechs Attract a Stunning $5.3B in Funding During Q3: Forrester
InsurTech continue to attract significant investor cash, pulling in a near-record $5.3 billion for the 2021 third quarter, representing a total of 472 deals. Interestingly, U.S. companies nailed down ...
Beyond the Hype: How to Value InsurTechs
Why is it so hard for property/casualty insurance carrier professionals to accept the idea that InsurTechs are bringing value to the insurance industry—and changing it for the better? I have found ...
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans. With the M&A agreement, the New ...
Reinsurance Pricing Technology For Hard and Soft Markets
Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company's reinsurance price optimization technology works best in a soft market, when there's a lot of ...
Why Reinsurance Prices Are Wrong—and How to Fix Them
Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel of reinsurers offer their submissions for a slice of treaty, the ...