June 11, 2021
The shift from internal combustion engines to electric motors will have a significant impact on the insurance industry.
May 19, 2021
April 16, 2021
Based on the rate of technology advancement and commercial development, we expect the industry to continue to advance quickly.
IN THE NEWS
Overhaul, an Austin, Texas-based logistics tech startup, has raised $35 million Series B funding led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures (a venture arm of CSAA Insurance Group). Overhaul will use the fresh capital infusion to accelerate its roadmap in continuing to optimize its current category-creating products.
- June 8, 2021
Smart loan technology company LoanSnap has closed a $30 million Series B investment round, bringing its total funding to $64 million. Avanta Ventures, the venture capital arm of CSAA Insurance Group, participated in the round.
- May 23, 2021
Upsie, a consumer warranty startup, has raised $18.2 million in a Series A round led by True Ventures. The financing brings the total raised for the St. Paul, Minnesota-based startup to $25 million since its 2015 inception.
- May 13, 2021
Kin Insurance is expanding to offer homeowners insurance coverage in Louisiana. The company said the expansion into the underserved Louisiana market creates new opportunities for residents — especially for those in high-risk areas. Kin Insurance describes itself as an insurtech that relies on data models that provide over 10,000 property data points to find coverage accurately priced for each home. It currently offers homeowners insurance in California and Florida. Kin Insurance Network Distributor (KIND) can offer Louisianans HO3 coverage. The Kin Interinsurance Network is Rated A, Exceptional, by Demotech, a testament to the underwriter’s ability to pay out claims, even after widespread […]
- March 25, 2021
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A reciprocal exchange is the ideal structure for insurtech investors. I’ve written before about how reciprocal exchanges are the original peer-to-peer (P2P) insurance model and have many benefits for consumers. Reciprocals also have some big benefits for investors because they: Aren’t directly exposed to insurance risk Have stable earnings / higher valuations Have a simple gross margin calculation Better match capital structure to investor preferences Offer full control and stability Background: What Is a Reciprocal Exchange? Let’s rewind a bit. Reciprocals started way back in 1881 when dry-good merchants in New York got fed up with overpaying to insure their […]
- March 12, 2021
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