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The InsurTech intends to use the new paper to accelerate the growth of its “next-generation” insurance offerings in the automotive fields.
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Industry veteran Cheryl Sinclair named to lead Buckle’s efforts on diversity and inclusion.
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Schoberth, who previously held senior marketing roles at XL and QBE, had spent the past year in a senior distribution post with Lloyd’s.
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The deal gives the Denver-based company, which first launched a $100mn balance sheet carrier in May 2020, licenses to write business in California, New York, and Illinois.
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The law firm said that despite increased interest in InsurTech assets, legacy IT systems remain a barrier to consolidation among incumbents.
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The feature will allow insurers to explore in real time the most competitive prices for a variety of structures and perils.
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The acquisition was the best way of getting the InsurTech’s data and risk scores into “more insurer workflows”, HazardHub’s CEO says.
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The firm’s stock price falls following mixed quarterly results, leaving an unclear path to profitable growth.
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The deal follows a similar partnership agreed last week by the program carrier and Hippo.
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The recent SPAC listings of Hippo and Doma have been subject to significant outfluxes of capital.
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The InsurTech has teamed up with Markel to offer flexible insurance options to motorcyclists.
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The InsurTech’s president spoke to Inside P&C with confidence surrounding its future, despite deterioration in the stock share price and redemptions in tandem with its August 2 IPO.