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Cover substantially reduces staff as InsurTech expense crunch intensifies
The news comes as the steep correction that public tech valuations have suffered year-to-date spills over into the private InsurTech market, and private VC funding dries-up.
Research
Embedded insurance can help sidestep some of the challenges faced by InsurTech 1.0.
Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.
The past few weeks bring back bad memories of 2008, but many factors that triggered that crisis seem not to be in play this time around
Tesla’s entry into the insurance market presents the firm with both opportunities and risks.
Latest news
Latest news
The brokers expect to reach an out-of-court agreement to end the poaching case in south Florida within two weeks.
It is understood that the carrier, which is currently going through a sale process, is being advised by TigerRisk.
The suit named sellers David King, Robert Lefebvre, Creative Insurance Managers and Contractor Resource Solutions, who owned 37.6% of High Point.
At the end of 2021, Centauri Specialty had 26,000 policies in force and $79mn of total written premiums.
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Opinion
Opinion
Unreserved: Episode 11 – Kinsale's Mike Kehoe
In the 11th episode of Inside P&C’s podcast, Unreserved, Kinsale CEO Michael Kehoe sits down with Inside P&C's acting managing editor, Adam McNestrie.
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Is the broker super-cycle coming to an end?
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Longform Research
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The classic car insurer goes public but might have to pay a price for growth later. -
The Inside P&C Research team looks at what subsectors the new class of InsurTechs is targeting.
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Activist investors are successfully learning how to navigate a regulated industry.
In an interview, Hiscox USA CEO Kerridge said the firm’s digital retail business in the US has over 600,000 policies-in-force.
The intermediary is launching as the events space is set for a comeback after being hit in 2020 with major losses that stemmed from pandemic-driven cancellations.
The executive said recent volatility may lead some peer companies to delay their public debuts.
His comments come on the heels of Markel’s announcement last week that the co-CEO plans to retire by March 31, 2023.
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