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January 2021
American Family's partnership with Creative Destruction Lab pays off

American Family's partnership with Creative Destruction Lab pays off

When American Family Insurance began to connect with Creative Destruction Lab (CDL) in 2018, I knew the potential for a productive partnership was high. Given CDL’s established programs, global reach, and innovative approach to supporting seed-stage startups, I had little doubt we could create a mutually beneficial endeavor. Although they have many partners across their growing list of “streams,” we were to be their first founding corporate partner and that in and of itself was an exciting po...
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American Integrity Insurance Announces Partnership with Cape Analytics

American Integrity Insurance Announces Partnership with Cape Analytics

This Partnership provides American Integrity with virtual property assessment capabilities to keep agents, employees and customers safe
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Walmart to create fintech start-up with investment firm behind Robinhood

Walmart to create fintech start-up with investment firm behind Robinhood

The fintech start-up will be majority-owned by Walmart and its board will include several company executives, including Chief Financial Officer Brett Biggs and Walmart U.S. CEO John Furner. Walmart said it will also name independent industry experts to the board and may acquire or partner with other fintech companies.
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American Family acquires Bold Penguin

American Family acquires Bold Penguin

American Family Insurance's holding company has acquired the small-commercial insurance distribution insurtech Bold Penguin, it announced. Bold Penguin will become a subsidiary of American Family once the deal closes. Terms were not disclosed. Employees including Bold Penguin founder Ilya Bodner will remain with the company.
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Amica Mutual Insurance Joins HOVER and CoreLogic to Transform Underwriting Inspections

Amica Mutual Insurance Joins HOVER and CoreLogic to Transform Underwriting Inspections

HOVER, the technology company that transforms smartphone photos of any property into a valuable data set for insurance professionals, today announced a strategic partnership with Amica Mutual Insurance, a leading national insurer recognized as a Best Homeowners Insurance Company of 2020 by U.S. News & World Report's 360 Reviews team. Providing a complete data package through HOVER's proprietary technology and integration through the CoreLogic Digital Hub Alliance™, Amica will transform ...
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Cambridge Mobile Telematics Joins Guidewire Partner-Connect Solution Alliance Program

Cambridge Mobile Telematics Joins Guidewire Partner-Connect Solution Alliance Program

Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced that Cambridge Mobile Telematics, Inc. (CMT), one of the world’s largest smartphone telematics providers, has joined Guidewire PartnerConnect as a Solution partner. The companies also announced that CMTs new Ready for Guidewire validated accelerator is now available to insurers in the Guidewire Marketplace.
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GM, Microsoft lead $2 billion round for self-driving startup

GM, Microsoft lead $2 billion round for self-driving startup

General Motors Co. and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise LLC in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture.
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Goodbye Fiat Chrysler Automobiles, Hello Stellantis:

Goodbye Fiat Chrysler Automobiles, Hello Stellantis:

Fiat Chrysler Automobiles is no more. Well, the brands still exist, but the automaker producing Jeep SUVs and Ram pickups said on Saturday morning it had closed its transatlantic merger with French rival Groupe PSA. Stellantis NV is the fourth-largest automaker in the world by volume with the global footprint and scale executives hope will provide the capital to invest in technologies to stay competitive in the coming age of autonomy and electrification.
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Applied Systems to Acquire EZLynx, Comparative Rating, Agency Management Vendor

Applied Systems to Acquire EZLynx, Comparative Rating, Agency Management Vendor

Insurance technology firm Applied Systems has agreed to acquire EZLynx, an agency management system vendor and pioneer in real-time comparative rating. Applied said the acquisition is complementary and will expand its portfolio of agency management and rating technologies for agencies of all sizes.
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When OEM insurance hits the market, auto insurers are left to pick up the tab

When OEM insurance hits the market, auto insurers are left to pick up the tab

The recent announcement of General Motors’ (GM) return to auto insurance with the launch of its usage-based insurance program, OnStar Insurance (delivered with American Family Insurance), didn’t come as a surprise in most circles. Back in 2007, GM discontinued a venture into auto insurance due to the financial climate — the Great Recession — and doubts of whether auto insurance customers would actually purchase coverage from original equipment manufacturers (OEMs).
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