Neither enamored nor skeptical, insurers are prioritizing the technologies that help them to be competitive, with the pandemic showing they can be nimble when they need to be.
Agile organizations often talk about sprints, but insurers need to prepare for these programs like they are a marathon to ensure long-term success.
By scanning a driver’s license, agents can complete an auto quote in as little as 60 seconds and add a homeowners or renter’s policy with a single click.
The acquisition expands the SSG Digital Platform to include low-code/no code advisor products for onboarding, asset movement, maintenance and transitions.
The round was led by Alphabet’s CapitalG fund, with participation from FinTLV and Munich Re, bringing overall capital raised to $631M.
The series A round brings the company’s total capital raised to $16 million after a $5 million seed round from existing investors Vertex Ventures and Menora Insurance.
Zywave will continue to be led by Jason Liu, CEO, and the current management team, who are also investing in the transaction.
Working with Veruna and Hip Ten, Paladin was able to replace a large portion of the complex bespoke its Salesforce configuration previously with Veruna standard functionality.
This year’s class will focus on developing financial wellness and engagement solutions to help customers and families manage their financial lives.
While each of these factors are interconnected, evaluating a company on each of these separately can provide a useful framework to determine competitive readiness. It can also be a useful guide to help determine strategies for the future.