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July 2020
Allstate Expands Personal Lines Market Position with Acquisition of National General

Allstate Expands Personal Lines Market Position with Acquisition of National General

The Allstate Corporation (NYSE: ALL) has agreed to acquire National General Holdings Corporation for approximately $4 billion in cash, or $34.50 per share. The transaction is expected to close in early 2021, subject to regulatory approvals and other customary closing conditions.
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Root and GasBuddy to Deliver Safe Driving Insights and Fair Insurance Prices to GasBuddy Users in First of Its Kind Partnership

Root and GasBuddy to Deliver Safe Driving Insights and Fair Insurance Prices to GasBuddy Users in First of Its Kind Partnership

GasBuddy, the travel and navigation app that is used by more North American drivers to save money on gas, will add advanced new functionality to its app by partnering with Root, Inc. and their technology platform business, Root Enterprise, to better understand driver behavior. Under the terms of the partnership, the companies will develop strategic uses of Root’s core telematics technology, which measures driving behavior through mobile phones. GasBuddy will now be able to provide its millions ...
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Is insurtech immune to COVID-19?

Is insurtech immune to COVID-19?

It’s become clear that new technologies – and specifically, advances in digitalization – represent the obvious launch pad for innovative solutions that will help our clients better manage risk and close the protection gap. As a result, InsurTech has fast moved up alongside FinTech for investors and they are flocking to start-ups in increasing numbers.
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Insurtech funding rounds: Q2 2020 edition

Insurtech funding rounds: Q2 2020 edition

As Q2 2020 wraps up and COVID-19 still rages on, see how much of the insuretech space has been affected by the new normal
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Accident insurtech Buddy expanding nationwide with Berkley

Accident insurtech Buddy expanding nationwide with Berkley

Buddy, an insurtech offering episodic, short-term accident insurance for sports and outdoor activities, has announced a new underwriting partner that will help it deliver its products nationwide.
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Insurer Admiral considers sale of price comparison unit

Insurer Admiral considers sale of price comparison unit

U.K. car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals, according to people familiar with the matter.
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June 2020
Bold Penguin Grows Commercial Insurance Exchange With State Auto Insurance Partnership

Bold Penguin Grows Commercial Insurance Exchange With State Auto Insurance Partnership

Bold Penguin, a rapidly growing commercial insurance technology provider, announced today the integration of State Automobile Mutual Insurance Company (State Auto) with its platform, expanding the commercial auto insurance offering it launched in March 2020. This integration allows users of Bold Penguin's platform access to business use auto coverage through State Auto with other insurance products to be launched in Q3 2020.
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Insurance implications of electric cars

Insurance implications of electric cars

Around the globe, the take-up of electric cars is expected to accelerate rapidly in future, driven by consumer demand and government policies aimed at tackling climate change. The future of mobility is clearly electric, but the transition will lead to a fundamental change in risk for manufacturers, suppliers and insurers alike and will have a significant impact on automotive product liability insurance.
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Online car platform Shift is in merger talks with Insurance Acquisition

Online car platform Shift is in merger talks with Insurance Acquisition

Shift Technologies Inc., an online retailer for used cars, is in talks to merge with blank-check company Insurance Acquisition Corp., according to people familiar with the matter.
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The Internet of Things Has a Consent Problem

The Internet of Things Has a Consent Problem

IoT companies should tell users what information their devices are gathering and how they’re using it. Consent has become a big topic in the wake of the Me Too movement. But consent isn’t just about sex. At its core, it’s about respect and meeting people where they are at. As we add connected devices to homes, offices, and public places, technologists need to think about consent.
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