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Other InsurTechs are likely mulling IPO options and are garnering more investor interest, according to a report.
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Prices rise in every region for the seventh consecutive quarter, with the UK easily outstripping US growth. -
Geico’s combined ratio came in at 77.2% down 18 points as frequency fell 24% to 30% across all product lines.
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CEO Dan Preston says the initiative is part of the company’s strategy to expand into the third-party claims administration sector.
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Data harnessed from a new litigation tracking product suggests the cruise and care home industry are prime targets.
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The ratings agency predicts traditional insurance products will be the preferred focus of most start-ups, with some skewing to technology.
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Sara Steiner joins from RenaissanceRe, where she was most recently vice president of casualty treaty.
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John Forney succeeds incumbent GeoVera CEO Kevin Nish.
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Root grew gross written premiums by 85 percent in Q1 to $144mn, according to statutory filings.
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The mutual insurer is concentrating its physical operations in Ohio, Arizona, New York, Iowa and Texas.
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US personal auto customers will get a 15 percent credit on their April and May premiums, the company said.
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A round-up of InsurTech news from 13 March to 20 March.
