Insurtech

As insurers automate more aspects of the insurance experience, it expands how services are provided and priced for policyholders.

There were about 50 funding events in the insurtech sector in October, according to a review by Digital Insurance.

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

Michael Shashoua, senior editor of Digital Insurance, reported on developments from ITC Vegas Oct. 31-Nov. 2, 2023.

For the fifth year in a row, The Hartford ranked first in the small commercial insurance scorecard. Progressive ranked second. Nationwide ranked third.

The mobile app allows older adults to shop for final expense insurance with anonymity and product transparency.

Nationwide is partnering with Resideo Technologies to offer its thermostats, fire, smoke and water leak detectors, and related home security solutions to its policyholders in a pilot program starting in early 2024, with policy discounts for their use, according to company officials.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

Businesses need to rethink their approaches to insurance cost reduction.

Low-code platforms are a type of visual software development environment that empower professionals to create mobile or web applications with relative ease.