Insurance Innovation News

News about the latest insurtechs and innovations emerging in the Property & Casualty insurance industry.

Root Announces 330 Person Layoff & $300 Million Term Loan Facility with BlackRock

February 8, 2022 by AC Editor

The organizational alignment and new funds will help Root focus on its new embedded insurance product Carvana.

Openly Announces A 700% Growth for In-Force Premiums And a 250% Growth in Agent Use of Its Platform For 2021

January 25, 2022 by AC Editor

Openly Announces A 700% Growth for In-Force Premiums And a 250% Growth in Agent Use of Its Platform For 2021.

Lemonade Aims For Digital Auto Insurance Dominance With Acquisition Of MetroMile

November 16, 2021 by AC Editor

Lemonade to acquire 100% of Metromile in an all-stock transaction.

Insurify Secures $100 Million in Series B Financing

September 27, 2021 by AC Editor

Insuirfy has raised a total of $128 million in funding since 2020.

Goldman Sachs Asset Management Gives DealerPolicy $110 million Series C Funding

August 30, 2021 by AC Editor

Goldman Sachs Asset Management was the lead investor in the latest funding round and joins the company’s board of directors.

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