Tag: auto insurance
Hitting the Books: How much that insurance monitoring discount might really be costing you
Machine learning systems have for years now been besting their human counterparts at everything from Go and Jeopardy! to drug discovery and cancer detection. With all the advances that the field has made, it’s not unheard of for people to be wary of robots replacing them in tomorrow’s workforce. These…
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What happens when Wall Street falls out of love with your sector?
It’s been an awful week for public neoinsurance companies. A subsector of the larger insurtech world, neoinsurance providers tackled a number of insurance categories using a blend of modern app design and machine learning in hopes of creating more user-friendly and profitable insurance products. The idea proved attractive to venture…
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Branch raises $50M to offer bundled auto & home insurance via an API
Branch Insurance, a startup offering bundled home and auto insurance, has raised $50 million in a Series B funding round led by Anthemis Group. Acrew, Cherry Creek Holdings and existing backers Greycroft, HSCM Bermuda, American Family Ventures, SignalFire, SCOR P&C Ventures, Foundation Capital and Tower IV also participated in the…
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Meet Justos, the new Brazilian insurtech that just got backing from the CEOs of 7 unicorns
Here in the U.S. the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new startup called Justos claims it will be the first Brazilian insurer to…
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Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation
Zego, the insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150 million. Leading the London-based company’s C round — giving it a $1.1 billion valuation and a unicorn status…
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