Hippo will continue to operate as an MGA, with a portion of its premiums to be underwritten by its Spinnaker, the balance by other carrier partners.
Given these outcomes, one might assume that distribution may no longer be the focus of the top InsurTechs, but that is not the case.
Through the partnership, INSURICA will be able to write more small business insurance and accelerate small commercial growth.
The round includes a $100 million equity capital commitment to support Pie’s strategic initiative to form and purchase licensed insurance companies.
The West Midlands-based advisor network will use the e-Sign software to automate the registration process.
The platform quickly and easily models and quantifies the broker’s clients’ cyber risk, facilitating conversations about risk appetite and the appropriate level of coverage.
Using the Veruna AMS, Insuritas has developed iInsure, an agency management ecosystem incorporating core policy management functionality and CRM capabilities.
Trov and SURA will begin by launching a flexible on-demand insurance product for personal valuables and mobility, and expand to other insurance products.
The winners are outstanding leaders in five regions of Latin America who have used technology in innovative ways to enhance the competitive edge of their companies in the insurance markets they serve.
Partnerships with PlanSource, Empyrean and Businessolver will make it easier for both employers and employees to manage benefits while working from home, particularly as more individuals look to tap into products that provide financial support amid the COVID-19 pandemic.