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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Embedded partner Carvana accounted for 41% of new writings in Q4 2022, plateauing from 38% in Q3 2022 and 27% in Q2 2022.
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The firm’s net loss ratio improved one point to 97% as the personal lines sector is affected by rising inflation and higher frequency and severity in auto.
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That brings its roster to 36 states, among which 16 were added in 2022.
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The insurance technology provider is expanding across the UK, DACH and France, after it reported a 71% increase in revenue in 2022.
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Inside P&C’s news team runs you through the key highlights of the week.
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The growth figure marked deceleration compared to previous quarters; the InsurTech’s GWP increased 71% YoY in Q3, 187% YoY in Q2 and 230% YoY in Q1.
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As we stand today, the InsurTech consolidation prophecy has not come to pass, even after a period of tanked valuations and dwindled access to capital.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The InsurTech will use the funds to expand its workforce and develop its technology.
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The combined company, Roadzen Inc, is set to be listed on the Nasdaq, with the deal expected to close in the second quarter.
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She will be responsible for providing strategic guidance for the organisation.