Root, the parent company of Root Insurance, has filed paperwork with the SEC to go public, following in the footsteps of other large insurtechs Hippo and Lemonade which went public earlier this year.
Read MoreBind Benefits, a Minneapolis-based digital insurance startup, has launched personalized health plans that allow patients to choose treatment options with transparent pricing. It launched in Florida with employers of 50+ employees, and the company plans to expand to Ohio, Texas, Virginia, and Wisconsin.
Read MoreParis-based insurtech Descartes Underwriting secured $18.5 in Series A funding to evolve its technology-based risk and underwriting tools.
Read MoreLemonade filed its S-1 with the Securities and Exchange commission yesterday for an initial public offering.
Read MorePolicybazaar, an Indian digital insurance marketplace backed by Softbank, Tencent and Tiger Global Management, announced that it will go public next year at a $3.5 billion valuation. The size of the IPO will be about $500 million.
Read MoreRoot Insurance, a 5-year-old auto insurance startup that uses smartphone technology to understand its clientele’s driving habits, has pledged to eliminate credit scores as a factor in its car insurance pricing model by 2025.
Read MoreThis week, Facebook-owned WhatsApp announced plans to pilot credit, micro-insurance and micro-pension products among lower-income populations in rural India.
Read MoreWest Malling, U.K.-based startup battleface, an insurtech company backed by Fintech Ventures Fund, Greenlight Re and Tangiers Group, this month launched a COVID-19 travel insurance package, covering medical expenses resulting from the coronavirus for U.K. and EU citizens under 59 years of age.
Read MoreLemonade is betting on the strong bonds forged between humans and pets during the pandemic. It’s launching dog and cat health plans that start at $12 per month, and to sweeten the offer, it will donate leftover premiums to animal-focused charities.
Read MoreIn its first-ever earnings report, insurtech firm Lemonade reported a $21M net loss in the second quarter of 2020.
Read MoreQuarterly insurtech funding reached an all-time high of $1.99 billion during Q4 2019.
Read MoreCoal exit policies were announced by 18 of the world’s biggest insurers controlling more than 46% of the reinsurance market and in excess of 9.5% of the primary insurance market.
A non-profit is aiming to turn cars into rolling wallets that are able to autonomously make and receive payments in a virtual currency. Drivers would earn small sums for sharing data, and they’d be debited for infrastructure use and contribution to pollution.
Read MoreAs many of our readers may be aware, The FR is a regular on the industry conference circuit. Last week we attended one of our favorite conferences, InsureTech Connect, in beautiful Las Vegas.
Read MoreMajor weather events such as hurricanes are also major events for insurers and their customers. Technology can help out with that.
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.
