Most 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 MoreIndia’s state-run Life Insurance Corporation (LIC) announced yesterday that it would sell 5% of its shares to raise $8B. If approved, it would be the largest IPO in the country’s history.
Read MoreWe took note of some interesting insurtech funding developments this week. (And yes, since we’re not living under a rock, we had our own, “Well, well, well, would you look at that?” moment about the Charles Schwab/TD Ameritrade news.)
Read MoreIn today’s always-on digital world, cybersecurity is a chief concern for most industries. With the rise of so many internet-connected devices, there are exponentially more attack vectors through which hackers can target organizations than ever before.
Read MoreInsurtech is a booming sector, and deep-pocketed investors show no sign of slowing down in pouring money into the next hot start-up. The latest example is Health IQ Insurance Services, Inc., which this week announced it has raised $55 million in growth capital, bringing its total funding raised to $140 million.
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.
