As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known insurance analyst predicted at an industry conference. V.J. Dowling, …
Insurtech carrier Lemonade plans to debut pet insurance later this year. Lemonade says it hopes to launch the pet insurance product within a few months, pending regulatory approval. It has opened its site to early registrations. The digital insurer, which …
Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has started offering contents and liability insurance in Germany, instantly, anytime and …
Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General Catalyst, GV (formerly known as Google Ventures), OurCrowd, and …
European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a 430 million-euro …
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and more efficient to buy and sell, and …
Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three sources familiar with the negotiations said. One of the sources said Softbank …
Technology-focused homeowners and renters insurer Lemonade Inc. has proposed an open source renters insurance policy that anyone can contribute to changing, even its rivals since Lemonade is not copyrighting it. The aim is to develop a policy that is written …
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, has launched in both Pennsylvania and Washington D.C. It announced the expansion on social media. These mark the sixth and seventh states in which the company currently offers renters, …
Last week, we spent a little time answering the questions about how our homeowners’ policies cover firearms. Now let’s handle a question that’s a little more touchy. What do we do about it as insurance professionals? Question #3: What is …
