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Selling insurance is hard, but that’s not bad news for insurtechs

TechCrunch

B2C When I reached out to investors recently for our latest insurtech survey , I was curious to know how the economy was affecting insurance purchase decisions and whether this made B2B companies more appealing to VCs than their B2C peers. Perhaps not the best call, but if it’s either food or better insurance, the choice becomes easier.

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5 hot IT budget investments — and 2 going cold

CIO

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. For example, pricing and underwriting are two key areas where life insurance carriers can bring market-differentiating product offerings to customers, Seetharaman explains. “At

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Indonesian D2C insurance marketplace Lifepal raises $9M Series A

TechCrunch

Choosing an insurance policy is one of the most complicated financial decisions a person can make. The startup, which says it is the country’s largest direct-to-consumer insurance marketplace, announced today it has raised a $9 million Series A. PasarPolis also partners with Gojek to offer health and accident insurance to drivers.

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Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’

TechCrunch

Digit sells auto, health and travel insurance and is part of a group of firms that is attempting to expand the number of individuals in India that buy insurance coverage. Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’ by Manish Singh originally published on TechCrunch.

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Level raises $27M from Khosla, Lightspeed ‘to rebuild insurance from the ground up’

TechCrunch

Founded in 2018, New York City-based Level says it’s “rebuilding insurance from the ground up” via flexible networks and real-time claims with the goal of helping employers and employees get the most out of their benefit dollars. . Insurance is confusing and often feels unfair.

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Shepherd raises $6.2M seed round to tackle the construction insurance market

TechCrunch

But companies like Shepherd — and Blueprint Title earlier this week — are wagering on there being margin elsewhere in the insurance world to attack. On the subject of price, Levine thinks that the construction insurance market is suffering at the moment. Which means greater future cash flows.

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CIO risk-taking 101: Playing it safe isn’t safe

CIO

The steps you need to take to deal with ransomware risks include all four risk/response strategies: They prevent (reduce the odds), mitigate (reduce the damage), and insure you from the worst outcomes (insurance is about sharing the costs). Insurance: You know how this plays out.

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