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The company argued this week that traditional small business policies tended to be designed for larger commercial customers, leaving smaller businesses with overly generic policies.
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CareerBuilder CEO Irina Novoselsky and former Groupon executive Silvija Martincevic have joined as non-executive directors.
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Risk data on 330,000 buildings representing $2.3tn in total insured value has so far been presented to insurers on the software platform.
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The InsurTech will allow customers to bundle the cover with their home, pet and life insurance policies.
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Taking Metromile public cost the firm an estimated 22% of gross proceeds, followed by Hippo at 11%.
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The technology rollout is being led by Kirk Conrad, who was promoted to global head of analytics at BMS in January.
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David Castellani was previously senior vice president and business information officer at New York Life.
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The start-up said it would use the additional funding to double headcount by 2021.
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The Netherlands-headquartered fraud-detection business had a record year in 2020, growing revenue by 58%
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The insurance price comparison business expanded net revenue by more than 100% in 2020 to $79mn and currently has a run rate of $150mn.
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Hank Greenberg’s Starr Insurance and Liberty Mutual have invested in the service provider, which will enable bitcoin-powered P&C solutions.
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The InsurTech alleges that John Loeber, Alex Becker and Shea McNamara stole trade secrets and competed against the company while still on its payroll.