In a conversation with The Financial Revolutionist, Credit Karma’s GM of Insurance, Rory Joyce, explains Credit Karma’s vision for insurance, outlines its marketing and sales strategies, and considers the difference between cross-selling and comprehensive coverage.
Read MoreReporting by the New York Times suggests the US housing market faces a severe shortage of affordable single-family homes. Zoning regulations, land costs, and housing investment are core variables affecting the price and diversity of housing stock.
Read MoreIn an interview with Rest of World, Cleosent Randing, CEO and Founder of Indonesian insurtech PasarPolis, described the startup’s partnerships with mom-and-pop store owners to sell insurance. The strategy let the company sell five times as many policies as it had previously through insurance agents alone.
Read MoreLast week, the US House of Representatives passed a bill that would direct the Department of Veterans Affairs to allow for desktop appraisals and waivers of appraisals. The bill has yet to be discussed in the Senate.
Read MoreIn an interview with The Financial Revolutionist, Ryan Toner, EVP of Sales at Afficiency, explains what caused insurtechs to pivot back to agent models, outlines the ways technology can help agents sell to consumers, and describes the future of tech-driven life insurance.
Read MoreUnitedHealthcare announced that it’s expanded its partnership with Peloton, the fitness platform. The health insurer’s 10 million commercial members can now receive a free yearlong subscription to the Peloton app.
Read MoreAccording to reporting by TechCrunch, a new wave of insurtechs are specializing in niche, burgeoning markets. Boundless Rider, for example, covers motorcycle, e-bike, and power sport vehicle riders; and CoverTree covers manufactured homes.
Read MoreIn an interview with The Financial Revolutionist, bolt CEO Jim Dwane details bolt’s growth strategy, highlights bolt’s value proposition, and shares his view on bolt’s future.
Read MoreMeta, the parent company to Facebook and Instagram, announced the launch of its cross-platform payments system, Meta Pay, on Instagram. Meta said that 1 billion users message a business on one of its apps every week.
Read MoreAmazon announced that it’s acquiring 1LifeHealthcare Inc., the parent company of primary-care network One Medical, for $3.9B. The health practice has 180 offices and offers benefits to employees at more than 8,000 companies.
Read MoreIn an interview with The Financial Revolutionist, Brian McLoughlin, Partner and Co-Founder of MTech Capital, details upcoming fundraising challenges, discusses the likelihood of major acquisitions, and describes why insurtech remains a promising site for investment.
Read MoreMost insurtechs are trading at 80% below their 52-week highs, according to Alex Agus, an investor with Avid Ventures. Companies like Bright Health, Oscar Health, and Lemonade may look to be acquired.
Read MoreIndia’s state-run Life Insurance Corporation (LIC) announced yesterday that it would sell 5% of its shares to raise $8B. If approved, it would be the largest IPO in the country’s history.
Read MoreWe took note of some interesting insurtech funding developments this week. (And yes, since we’re not living under a rock, we had our own, “Well, well, well, would you look at that?” moment about the Charles Schwab/TD Ameritrade news.)
Read MoreIn today’s always-on digital world, cybersecurity is a chief concern for most industries. With the rise of so many internet-connected devices, there are exponentially more attack vectors through which hackers can target organizations than ever before.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
