Lemonade, 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 MoreLemonade, which offers insurance for renters, homeowners, and pets, is tapping fellow insurtech Bestow on a life insurance product offering that will allow Lemonade customers to apply for instant life insurance coverage in minutes via Bestow’s Protect API.
Read MoreOpenly, which offers premium homeowners insurance through independent agents, is partnering with AI startup Flyreel to integrate its toolset as part of a streamlined home inspection process.
Read MoreConsumer technology platform Credit Karma, widely known as a credit monitoring tool, is boosting its data-focused strategy through a behavior-based auto insurance discount program offered in partnership with Progressive.
Read MoreDallas-based digital life insurance provider Bestow will acquire Centurion Life Insurance Company, an Iowa-based insurer with licensing in 47 states and the District of Columbia. Terms of the deal were not disclosed.
Read MoreDigital insurance marketplace CoverHound was acquired by Brown & Brown for undisclosed terms, the companies announced on Monday, November 9.
Read MoreCover Genius, a New York-based insurtech that focuses on covering e-commerce consumers, entered into a partnership with logistics solutions provider Descartes Systems Group.
Read MoreFresh off a $3.8M seed funding round, Austin-based insurtech Steadily launched to help landlords insure their occupied properties.
Read MoreAlan, a 4-year-old Paris-based insurtech focused on healthcare, has rolled out a new feature that allows customers to take part in instant-message chats with doctors.
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.
