An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance reciprocal and MGA focused on catastrophe-prone …
As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold across the United States earlier in 2020, Fitch Ratings said. “Commercial [insurance/reinsurance] …
There is an art to buying art. Traditionally, for collectors, that typically included an in-person component at galleries, auction houses and fairs. However, with COVID-19 shuttering many doors, the sale of fine art has shifted from an in-person experience to …
On the one hand, the shotgun approach to selling insurance has an incredibly bright future with the automated quoting systems available to the public (see Policygenius’ Series D round of $100 million, pitchbook.com). IT makes this approach less expensive and …
Think of the last time you received excellent service from someone who went above and beyond on your behalf. Did you tell someone else about it? If you did, you were participating in word-of-mouth marketing. Word-of-mouth marketing is not new. …
1. Offset Negativity. What can you show your clients that you are doing to help them during the pandemic? Everyone is tired of hearing how all their business income (BI) claims are denied. What are you doing to offset all …
Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen. Average price increases were driven principally by increases in property insurance rates and financial and professional lines — as was …
A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy in place, with larger firms more likely than smaller to have one. That’s according to insurance technology company Applied Systems …
Is crisis the “new normal?” We have always seen our fair share of catastrophic events and crises. But, in recent years those events seem to be increasing in frequency and severity. We are seeing more headline-grabbing disasters like data breaches, …
Driver mistakes play a role in virtually all crashes. That’s why automation has been held up as a potential safety game changer. But autonomous vehicles might prevent only around a third of all crashes if automated systems drive too much …
