Sector Updates

Polly (formerly DealerPolicy), an insurance marketplace for automotive retail, has acquired automotive marketing and analytics company Driven Data.

Cambridge Mobile Telematics (CMT), a telematics service provider, has launched a driver engagement platform called DriveWell Messaging, designed to keep drivers engaged throughout the customer lifecycle.

Israeli insurance provider The Phoenix teamed up with InsurTech Air Doctor in 2018 to embrace digital innovation. Two years on, the company boasts an increased market share of 30%, a significant reduction in claim costs and an improved customer journey.

Lemonade, the digital insurance company that leverages AI technology, has launched a car insurance offering in Ohio.

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.