article thumbnail

Lemonade’s Acquisition of Metromile: Start Your Engines! The Race For Digital Insurance Supremacy Just Took A New Turn

Forrester IT

Last week Lemonade revealed Lemonade Car, its entry into auto insurance. This week, it announced the acquisition of Metromile, one of the largest usage-based auto insurers in the world. Talk about timing. Insurtech M&A has been strong, but admittedly, I didn’t expect to see a transaction like this so soon.

Insurance 195
article thumbnail

Swiss Re streamlines insurers’ natural disaster response with AI

CIO Business Intelligence

Natural disasters have been increasing in frequency, severity, and diversity in recent years, pressuring insurers to be more efficient and to anticipate event and claim fallout. Second, RDA addresses post-NatCat planning to help insurers’ prioritize property inspections. trillion. “If

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Axa offers on-demand insurance via mobile app

Computer Weekly

Insurance company launches app that offers quick and easy insurance cover for individual items owned by customers

Insurance 100
article thumbnail

Tractable uses computer vision to accelerate insurance claims

Venture Beast

Tractable's AI performs a real-time analysis that helps insurance companies quickly decide whether a car can be fixed. Read More.

Insurance 118
article thumbnail

Descartes Underwriting raises $18.5 million for its data-driven insurance platform

Venture Beast

Descartes Underwriting, a startup applying AI and machine learning technologies to insurance underwriting, has raised $18.5 Read More.

Insurance 118
article thumbnail

Customer Needs Put Insurance Leaders to the Test

CIO Business Intelligence

For today’s consumers, shopping and interacting with businesses online has mostly become easier and more convenient than ever — but not when it comes to dealing with insurance companies. In stark contrast to experiences with large consumer-goods websites, people often struggle to find the information and forms they need on insurance sites.

article thumbnail

O2 offers internet of things-backed motor insurance

Computer Weekly

Mobile network O2 expands its reach into the vehicle insurance market with the launch of an internet of things monitoring service

Insurance 100