Startup

New products can help insurtechs stand out from the competition and boost profit margins. Successful distribution, though, requires a strategy.

The insurtech has launched technology that proactively detects and mitigates boating risks.

Several insurtechs considered or used special purpose acquisition companies, a method of going public, in 2020 and 2021, but the results have been lacking.

There were about 18 funding rounds, including Branch with $147M, Series C.

The next few years will determine the insurtech winners in an increasingly polarized competitive landscape.

Palo Alto, Calif.-based home protection insurance group Hippo has hired Keith Simard as vice president of property claims.

Digital insurers got almost 55% of the funding among insurtech companies.

Since 2017, there have been 86 weather-related disasters in the U.S. exceeding $1 billion in damage.

There were about 25 funding rounds.

The round isn’t finalized yet and the details could change, the people said, who asked not to be named discussing private information.