Personal auto

The deal has increased the carrier’s personal lines market share by about one percentage point.

While PIF growth continues to excel in its direct personal auto channel, growth now appears to be trending downwards.

Current levels of premium inflation are well below any metrics seen going back as far as January 1999.

Real-time data show an estimated decline in accidents of 26% as Covid-19 cases surged.

The seller’s CEO previously noted InsuraMatch had problems with client retention but said annual losses of about $1mn were affordable.

The early January close rests on achieving regulatory approvals by the end of December.

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Observable real-time data for October show an estimated decline in auto accidents of 7%. This compares to initially hit months of March and April at 32% and 51% respectively.

The electric car manufacturer had earlier marketed the policy with an Elon Musk exclusion.

The carrier is expected to garner the highest IPO valuation of any InsurTech to date, overtaking Lemonade’s $1.6bn debut price tag.

Observable real-time data for September shows an estimated decline in auto accidents of 11%.

Every month we measure observable changes in auto accidents by compiling data from real-time state traffic accident databases.