Sector Updates

Car insurer Geico faces a potential $5.2m payout to a woman who is claiming she contracted a sexually transmitted infection whilst having sex in the car of a man insured by the company. The claim has prompted Tesla’s Elon Musk to call for legal action against law firms pursuing such “crazy” claims.

Hippo Insurance Services has teamed up with Ring to offer home insurance products in North Carolina designed to protect homes against water damage, fire, and break-ins.

Hub International Limited (HUB), a global insurance brokerage and financial services firm, has launched VIU, a digital platform for transactional personal insurance needs.

AmeriLife Group, a provider of life and health insurance annuities and retirement planning solutions, has received an investment from Genstar Capital, a private equity firm.

Much has changed since the days of door-to-door salesmen or cold calls via landline telephones as a method of insurance distribution. Today’s consumers can sign up for policies on their mobiles with just a few clicks. However, there are many facets of insurance distribution which are evolving. Which evolving trends do insurers need to pay attention to?

India-based employee benefits platform Pazcare has reportedly collected $8m in its Series A funding round, which was led by JAS Fund.

Golden Bear Insurance Company, a provider of commercial property and casualty, professional liability and residential insurance, has selected Guidewire to modernise its claims IT operations.

European InsurTech Qover is extending its coverage to Sweden, Finland, Norway and Denmark, cementing its commitment to the bike insurance sector.

UniFi Group, a privately held service organisation, has acquired a controlling interest in National Flood Services (NFS) from Peak6 Investments.

Cloud Insurance, an all-in-one InsurTech solution for agents, insurance companies, brokers and MGAs, has been recognised as the best SaaS solution of the year at the Global Insurance and Risk Management Awards.