Current State of the InsurTech Industry
Current State of the InsurTech Industry Safe to say, it’s been a rocky year for the InsurTech industry. According to CB Insights, global InsurTech funding for Q1’22 was down 58%. With funding drying up and some InsurTechs closing their doors, we’re entering a period where we’ll start to see who the real contenders are. Now […]
Why Are Auto Insurance Rates Rising?
Why Are Auto Insurance Rates Rising? If you’ve recently shopped for or renewed your car insurance, you probably noticed a price increase. So why are auto insurance costs rising? Inflation, of course. Have you heard that word lately? I figured as much. Every company, customer, and country around the world is currently dealing with inflation, […]
The Hidden Cost of “Soft-Fraud”
The (Hidden) Cost of “Soft Fraud” When was the last time you told a white lie? To a spouse, to a friend, or maybe a co-worker? Maybe it was to protect their feelings, to prevent them from feeling left out, or to exaggerate your gratitude. While theoretically altruistic in nature, and hypothetically harmless in intent, […]
Impact of Climate Change on Property Insurance
Impact of Climate Change on Property Insurance The impact of climate change on property insurance is incredibly costly. Natural disasters are affecting greater population sizes across the world, and insurance companies are feeling the financial impact. In fact, a recent study showed that only 8% of insurers are preparing adequately for the impact of natural […]
Did Lemonade Kill the Loss Ratio? Not so fast…
Lemonade’s Loss Ratio: Why Insurance Carriers Should, and Shouldn’t, Be Worried… Over the past few years, regardless of what your role in the insurance landscape has been, you’ve more than likely heard of Lemonade. Doesn’t matter if you believe they are the “Uber of Insurance” or a company destined to fail, Lemonade’s loss ratio and […]
Top 5 InsurTech Companies Disrupting the Insurance Industry
Top 5 InsurTech Companies Disrupting the Insurance Industry The Insurance Landscape is Changing You can’t mention the top InsurTech companies without mentioning Lemonade. A while back we published an article taking apart the rapid ascension of Lemonade, its controversial business model, and the overall impact it could have on the insurance market. The way Zappos […]
