Finance

The home maintenance and management company Fixle, incubated by American Family, will retain the support of the insurer's venture capital arm as a minority investor.

February 5 is the last day to apply. Finalists will present at the group's March conference and compete for product and service prizes.

Financial institutions move slowly but they respond with greater urgency when there's a consequence to not adopting technology.

Athene, an Apollo unit, is one of several insurers ramping up their participation in net asset value financing, an increasingly popular form of borrowing for private equity funds that need liquidity amid a tough market for cashing out holdings

Also, rising claims and risky driving create an uncertain road for auto insurers.

Brittany Clements, managing director at American Family Ventures (AFV), the venture capital arm of insurer American Family, spoke about how the fund evaluates insurtech startups to back or partner with, and partnership and disruption trends.

Brittany Clements of American Family Ventures spoke to Digital Insurance about the insurtech investment fund, and shared details about how it backed certain startups.

Apollo and other alternative asset managers are vying for executives with connections to the world's biggest fortunes.

More borrowers are taking action but lack good information, Fannie Mae finds. Meanwhile, premiums are up yet insurers struggle to profit, a separate KBRA study shows.

This business, tied to the mortgage origination outlook, is becoming ly attractive for 2024, according to BTIG.

Global insurtech funding increased from about $917 million in the second quarter of this year to about $1.1 billion in the third quarter.

Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.

The private equity firm is planning to solicit interest in the Waltham, Massachusetts-based company in 2024, said the people, who asked not to be identified discussing confidential information.

Businesses need to rethink their approaches to insurance cost reduction.

The Southeast regional bank plans to use the deal's sizable proceeds to pay down wholesale borrowings and restructure its securities portfolio. Numerous banks have made similar moves in recent months.

There were about 40 funding events in the insurtech sector in September, according to a review by Digital Insurance.

Lenders could gain efficiencies from advances in artificial intelligence as the related development of alternative data potentially opens up the market to more borrowers, but hurdles exist.

Of 378 senior insurance executives surveyed by BlackRock, 89% said they plan to invest more in private markets during the next two years, according to a report set for publication today.

Today, when life insurtechs start fundraising, VCs ask them about their loss ratios—an impact of the insurtech 1.0 market crashes. But this question signals that venture capitalists still have a nascent understanding of the overall insurtech ecosystem and the various business models within.

Kim shares with Digital Insurance her take on what is happening in the insurtech space in terms of venture capital funding and the impact of the climate crisis on digital solutions.