In an interview with Rest of World, Cleosent Randing, CEO and Founder of Indonesian insurtech PasarPolis, described the startup’s partnerships with mom-and-pop store owners to sell insurance. The strategy let the company sell five times as many policies as it had previously through insurance agents alone.
Read MoreRampant roofing scams have caused a property-insurance crisis in Florida. The industry’s net losses in the state were more than $1B in 2021.
Read MoreLast week, the US House of Representatives passed a bill that would direct the Department of Veterans Affairs to allow for desktop appraisals and waivers of appraisals. The bill has yet to be discussed in the Senate.
Read MoreIn an interview with The Financial Revolutionist, Ryan Toner, EVP of Sales at Afficiency, explains what caused insurtechs to pivot back to agent models, outlines the ways technology can help agents sell to consumers, and describes the future of tech-driven life insurance.
Read MoreUnitedHealthcare announced that it’s expanded its partnership with Peloton, the fitness platform. The health insurer’s 10 million commercial members can now receive a free yearlong subscription to the Peloton app.
Read MoreAccording to reporting by TechCrunch, a new wave of insurtechs are specializing in niche, burgeoning markets. Boundless Rider, for example, covers motorcycle, e-bike, and power sport vehicle riders; and CoverTree covers manufactured homes.
Read MoreIn an interview with The Financial Revolutionist, bolt CEO Jim Dwane details bolt’s growth strategy, highlights bolt’s value proposition, and shares his view on bolt’s future.
Read MoreMost insurtechs are trading at 80% below their 52-week highs, according to Alex Agus, an investor with Avid Ventures. Companies like Bright Health, Oscar Health, and Lemonade may look to be acquired.
Read MoreAfrican startups raised between $4.3B and $5.2B in 2021. Between 53% and 62% of that funding went to fintech.
Read MoreLemonade, the publicly-traded insurtech firm that offers insurance for renters, homeowners, pet owners, and (very recently) car insurance, this week announced that it’s planning to acquire Metromile for $500M in stock.
Read MoreFrom September 2022 onwards, Aetna is getting rid of paper-based explanations of benefits and checks in an effort to go digital, the insurer wrote in an October newsletter.
Read MoreAlly Financial entered into a partnership with Hippo, an arrangement that would allow it to offer home insurance to its customers.
Read MoreReinsurer Wilton Re will pay $220M to acquire Allstate Life Insurance Company of New York (ALNY) from parent company Allstate.
Read MoreHippo, a 6-year-old insurtech firm that focuses on home insurance, is merging with a special purpose acquisition company (SPAC), in a $5B deal that will take the company public.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
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