Metromile Announces Plan to Go Public
The pay-per-mile auto insurance pioneer will go public by merging with INSU II, a publicly-traded special purpose acquisition company sponsored by Cohen & Company.
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Q&A: Metromile CEO Dan Preston on Going Public
IIR spoke with Preston on what the public debut means for the pay-per-mile auto insurance pioneer and now technology supplier to other insurance carriers.
Metromile Partners with Ford to Offer Personalized Insurance to Car Owners
Owners of eligible Ford vehicles with built-in connectivity will be able to opt in and connect their vehicle to Metromile to enjoy the savings of pay-per-mile insurance and the carrier’s digital claims and driver experience.
On Lemonade’s Planned Acquisition of Metromile
The $500M agreement gives Lemonade the ability to market in 49 states and to complement its recent auto insurance business launch, but the deal may foreshadow an even more promising combination.
Lemonade’s Metromile Acquisition Closing Accompanied by Layoffs
In an internal announcement about the completion of the merger, co-CEO Daniel Schreiber told employees that 20 percent of Metromile staff would be laid off.
Metromile Adds to Leadership Team
The insurer’s executive appointments include a Chief Insurance Officer, CMO, General Counsel and Communications Head.
Metromile Launches AI-Driven Automated Claims Service
Debuting for certain claim types, the new system, known as AVA, verifies claims in seconds and quickly resolves them, according to the insurer.
Metromile Deploys Guidewire ClaimCenter in the Cloud
Metromile has also deployed Guidewire Business Intelligence for ClaimCenter and Smart Communications for customer communications management.
Metromile Gets $191.5M in Funding, Will Acquire Insurer
The company says that the funding infusion will enable it underwrite its own policies and manage the entire claims process.
Lob and Metromile Enterprise Partner to Automate Claims Payments
Insurance carriers can use Lob’s direct mail automation and Metromile STREAMLINE to automate claims and issue payments faster to improve customer satisfaction.