Agile is poorly understood by the UK insurance industry - and implemented even worse. That is the view of Oxbow Partners' Chris Sandiland, who offers his own take on how incumbents can best take advantage of an insurtech and innovation strategy
I’m a fan of making sure stuff is the right fit - I make a point of trying on new outfits in my own home with accessories and shoes to make sure it all works for me. I also test drove my new car a few times to check it was what I wanted. Aon, however,…
Lemonade's success in cutting its underwriting losses could encourage other insurtechs to become carriers, market analysts suggest.
US-based insurtech Lemonade has cut its underwriting losses and grown premiums.
UK insurtechs saw over $1bn (£780m) of funding in 2018, up from $792m the previous year.
Lemonade reduced its loss ratio to 99% in Q4 of last year, despite exposure from the California wildfires.
It’s time for the final 2018 update on the Insurtech 100, the global index compiled for Post by Tällt Ventures. Here founder and CEO Matt Connolly rounds up the latest investment and partnership news.
The insurance sector must remain vigilant to challengers, be they data giants like Google and Amazon, or nimble insurtechs. Especially given that some already hold such rich data. So how can incumbents take on potential usurpers? Is now the time to take…
Hooking the headlines this week, Danish unrated insurer Qudos was placed in liquidation by its owner.
US-based insurtech Lemonade has revealed plans to enter the European market.
My first three weeks reporting on the insurance industry has taught me how broad the sector is. Covering the claims beat I'm expecting to be learning more about escape of water, floods and storms. Our Top 100 UK insurers ranking has already shown me how…
Jorge Espinel, former global head of business development at Spotify, has joined New York-based insurtech Lemonade.
‘Chatbot’ has long-become an insurance industry buzzword, but penetration remains low and firms are still grappling with how to use early iterations of the technology. Elsewhere, some chatbot pilots have failed.
It’s that time of year again. The trains are relatively empty, and out of office replies are basically a given.
Following a meeting with Wefox founder Julian Teicke, Lemonade CEO Daniel Schreiber has pledged to drop a lawsuit against One Insurance and Wefox if the start-up redesigns some features.
Despite the hype around insurtech, the barriers to entry remain high, not least because incumbents have reputational concerns that are hampering true customer-led disruption. Indeed, the likes of Lemonade have had to water down their original vision to…
US-based insurtech start-up Next Insurance has raised $83m in a Series B funding round led by Redpoint Ventures and including Munich Re.
This month began with a bang as the annual British Insurance Awards highlighted the talent in the sector in 1950s style, with industry stalwart John O’Roarke being handed the Achievement Award.
As Britain is basking in glorious summer, the sun is also shining on the motor insurance market.
Will Lemonade’s losses see its success go flat?
Insurers feel they need to adapt to the digital age but they don’t all agree on how to drive technological change. What culture should they nurture? Post invited a number of industry experts to discuss the challenges ahead
Lemonade is suing its rival start-up One Insurance, over allegedly plagiarising aspects of the insurer's app.
Following on from the publication of the top 100 insurtech firms in April, Matt Connolly, CEO of Tällt Ventures, reflects on the major developments that are having an impact on the 25 top ranked start-ups.
Lemonade has created an ‘open source’ insurance policy and will eventually stop offering traditional insurance policies to its customers.