agency insurtech News

InsureScan Expands Auto Insurance Tech Approach to Alabama

InsureScan, a company that says its software can help agents quote and bind auto coverage in a few minutes, has expanded to Alabama. CEO Mark Chappell, who is based in Alabama, said that while some insurance companies are bypassing local …

Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies

A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel. In addition to the directory, InsurancePlayground.com includes the ability to rate …

Insurtech Agentero to Expand Digital Network for Agents After Raising $13.5M

Agentero raised $13.5 million in new financing designed to boost and help expand its digital insurance network for agents. The California-based insurtech, launched in 2017, is designed to help insurance agents access digitally-savvy insurance carriers and boost their revenues. Agentero …

Insurance Comparison Site Jerry Raises $28 Million

Auto insurance comparison site Jerry has raised $28 million in new financing. The startup, which operates as a licensed insurance broker, plans to use the money to scale its signature product and pursue hiring, so it can expand into additional …

Travelers to Acquire Plymouth Rock’s Digital Agency InsuraMatch

The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. The transaction is expected to close in the first quarter of 2021 after regulatory approvals. Terms were not disclosed. …

Broker Investor Group Selects 12 Insurtechs for First Cohort

BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week curriculum. BrokerTech Ventures offers the cohort insights into …

Agencies Form Venture to Accelerate, Invest in Insurtech Startups for Agents, Brokers

Six insurance agencies from across the country have joined together to form a program specifically for investors and innovators behind technology innovations for insurance agencies and brokerages. The new entity, BrokerTech Ventures, aims to invest in the research and testing …

On Second Thought, Insurtech Next Insurance Thinks Agents Have a Role After All

Next Insurance has begun formally marketing a portal designed to help independent agents quickly quote and sell its policies. Next said the system, dubbed “Next for Agents,” had been in beta testing since April 2019, though more than 3,000 agents …

5 Insurtechs Working to Improve Agency Processes, Efficiency

Independent insurance agents can find sifting through the many insurtech products to pinpoint ones suited to their needs is a daunting assignment. But it’s an assignment they must tackle, according to agency consultant Chris Burand, founder of Chris Burand & …

Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now

There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and whether to wait for new agency …