As you probably have heard, the Insurtech Lemonade announced on Monday its intent to go public with a $100M offering. The current VC funding values Lemonade at ~$2B. There is not enough information in the S-1 to estimate market capitalization yet. Like another New York VC darling that flamed out, they were heavily funded by Softbank. […]
Happy “National Science Fiction Day” to all of you that enjoy reading a great SciFi book or had a chance to see the latest Star Wars entrant. I hope you had a great holiday season with family and friends. As I reflect on 2019, I’ve been blessed to work and interact with amazing people like […]
Over the past few years, politicians have become increasingly involved in legislation to protect consumers and employees. As a result of the #MeToo movement, 7 states have enacted regulations requiring private companies to provide anti-harassment training to their employees, and this is in addition to stricter laws protecting individuals and employees. These regulations can apply […]
Insurtech funding thru Q3 2019 has hit record levels totaling about $4.4B (approximately 60% being P&C and 40% L&H). Surprisingly, little funding attention has been made to the “Chatbot.” Even though the simple chatbot provides immediate benefits to customers, agents, and employees. According to an analysis of Coverager data, there have been 5 Insurtechs funded […]
As we all know, Millennial consumers expect speed, transparency, & online access. This is true whether we are dealing with consumers or businesses. There are some interesting developments that might impact personal auto premiums. One of the most discussed is the sharing economy. There is a generational shift in terms of car ownership. People want […]
I recently wrote an article on Coverager about Smart Tires and the potential benefits and risks for Insurance Carriers. Click here to read the entire article. A short video is below. Kaenan HertzKaenan is a professional in the areas of block chain, telematics, wearables, analytics, artificial intelligence (AI) and Insurtech. He has played a key […]
Root Insurance Company the Insurtech auto carrier just closed another round of financing @ $350M, bringing their total raised to $527M. 2018 premiums were $106M according to S&P Global. What does this mean for an incumbent #carrier? Watch the video to see a #Bull and #Bear take on their success. For details on the round […]
Effective customer relations management (CRM) is key to successful businesses, and even more so for smaller insurance carriers where the focus is on the client relationship. Smaller Carriers should keep track of and look to partner with Insurtechs to ensure they maintain a competitive market edge. […]