InsurTech

A round-up of InsurTech news from 13 March to 20 March.

Premiums more than double, while the unit's net loss shrinks from the prior-year period.

A run-down of developments in InsurTech from the past week.

Floridian specialist HCI released results last night, reporting operating earnings of $0.76/sh that missed analyst estimates, alongside a bullish update on its acquisition of a book of business from Anchor and signs of rapid growth in its InsurTech unit.

Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.

Digital Risks, which focuses on the small and medium-sized enterprise market, said it is growing by 25 percent month-on-month.

Acrew Capital led the round, with Munich Re Ventures also participating.

Allstate’s growth strategy involves merging its Esurance and Encompass brands into Allstate’s.

The MGA is backed by (re)insurance capacity from Markel, through the carrier’s Nephila insurance-linked securities fund.

The series C fundraising round was led by Accel and joined by other investors including Weatherford Capital.

The investment marks the first by a new KKR tech growth fund.

In total, 184 InsurTechs have failed over the last three years.