Advertisement

Insurance startup Root closes flat in Nasdaq debut

insurance startup root closes flat in nasdaq debut

BEGIN ARTICLE PREVIEW:

By Ambar Warrick2 Min Read(Reuters) – Shares of Root Inc ROOT.O closed flat in their Nasdaq debut on Wednesday, marking a muted open for the automobile insurance startup after it raised around $724 million in its initial public offering (IPO).The stock closed at $27, valuing Root at around $6.5 billion and unchanged from its IPO price. The company’s shares had opened at $26 apiece.Root’s market debut comes against the backdrop of the S&P 500 and the Dow hitting their lowest levels since late-September, as coronavirus cases surged globally and fears of a contested U.S. presidential election added to worries.The startup, which provides insurance to customers through mobile apps, is among several firms vying for a share in the online financial products market that has seen a boost due to the COVID-19 pandemic.“There will be some short-term noise from COVID – with less driving – but I think that will normalize,” Alexander Timm, chief executive officer and co-founder of Root, said in an interview with Reuters.Online insurance broker GoHealth GOCO.O and policy comparison website SelectQuote Inc SLQT.N had both marked strong market debuts earlier in the year.Technology stocks have also seen increased …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE

How Extreme Ergonomics Can Help You Manage Employee Comorbidities

how extreme ergonomics can help you manage employee comorbidities

BEGIN ARTICLE PREVIEW:


Underlying medical conditions are usually the defining feature of an extreme ergonomics accommodation case.

The all-virtual National Ergonomics Conference continues November 4th with a presentation by Tim Pottorff, principal and owner of QP3 ErgoSystems LLC. Portoff’s session is focused on extreme ergonomic accommodations, their frequency and how employers can better utilize the services of a third party to overcome common roadblocks in complex ergonomic assessment cases.

Advertisement

According to Pottorff, extreme accommodations can be almost anything, so he’ll explore the topic through case studies.
“Usually with ergonomics, there are some really simple things you can do, whether it’s from a postural standpoint or maybe work method,” Pottorff explained.
“The reason I’m calling this ‘extreme’ ergonomics accommodations is because many of the situations that I’ll be discussing not only did they have an ergonomics issue, but there are also underlying medical issues that played a role. One case had probably a dozen other medical conditions that played a massive role in the challenges for making the right accommodations.”
Learning the Full Story
Pottorff said  that underlying medical conditions are usually the defining feature of an extreme ergonomics accommodation case and that concerns about privacy are a …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “How Extreme Ergonomics Can Help You Manage Employee Comorbidities”

Root’s Plan to Disrupt Auto Insurance Needs More Time to Grow

iam platform login page background

BEGIN ARTICLE PREVIEW:

Insurance technology companies aim to give you a discount on policy rates. But their shares come at a premium. Following digital home insurer Lemonade’s hotly traded initial public offering in July, Root began trading on Wednesday. Root is taking on a behemoth of the insurance market: auto policies. At the core of Root’s proposition is using telematics, or technology that uses smartphone data to track a driver’s habits and price their risk accordingly. Customers download the app, drive around with it for a test period and…

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Root’s Plan to Disrupt Auto Insurance Needs More Time to Grow”

Root Insurance’s stock may soar after IPO, experience challenges later

root insurance’s stock may soar after ipo, experience challenges later

BEGIN ARTICLE PREVIEW:

Industry observers believe Root Insurance Co.’s pending initial public offering is likely to benefit from equity markets starved for investment opportunities and momentum from the pop that Lemonade Inc. received when it debuted on the public market.But the stock could face turbulence from subsequent public scrutiny as Root’s leadership will be tasked with turning around operational trends that are troubling even for a unicorn whose flaws investors tend to forgive for the promise of stellar growth.
The company will be able to tout its use of artificial intelligence to monitor driving and price auto insurance to draw interest from investors who favor technology companies and have money to spend, said Kaenan Hertz, managing partner for Insurtech Advisors LLC.
“It would shock me if they don’t do well in the IPO market,” Hertz said. The preliminary signs point upward for its debut, he said.
Root’s leadership believes that the company is positioned well to challenge for market share in an industry shifting its underwriting to more telematics-based platforms and that it has a strong head start on rival insurtechs.
“Our data leads to better pricing and segmentation, which allows us to attract better customers,” President and CEO Alexander Timm …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Root Insurance’s stock may soar after IPO, experience challenges later”

Terrorism landscape

terrorism landscape

BEGIN ARTICLE PREVIEW:

How has the industry responded to COVID-19?
In this episode, IB Talk sits down with Laird Rixford, CEO of ITC, to talk about the impact of COVID-19 on the insurance industry and the strategic opportunities and challenges the pandemic is presenting. Listen in as we discuss how technology is the forefront of the response to the changing insurance landscape, and how digital solutions can help insurers understand client behavior to improve customer experience.

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Terrorism landscape”

Starr Insurance Renews Partnership with Georgia State’s Institute for Insight – Georgia State University News – Press Releases, Robinson College of Business

starr insurance renews partnership with georgia state’s institute for insight – georgia state university news – press releases, robinson college of business

BEGIN ARTICLE PREVIEW:

Starr Insurance Renews Partnership with Georgia State’s Institute for Insight – Georgia State University News – Press Releases, Robinson College of Business

Main navigation

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Starr Insurance Renews Partnership with Georgia State’s Institute for Insight – Georgia State University News – Press Releases, Robinson College of Business”

9 People on the Move

9 people on the move

BEGIN ARTICLE PREVIEW:


Marsh hires new cyber incident manager, Guy Carpenter launches new program business unit and a new brokerage firm is founded in this edition of People on the Move. 
altumAl Brings on Peter Foley in Executive Role
altumAI hired Peter Foley as its new group insurance officer. In this role, Foley will also join the firm’s executive leadership team, where he will work to develop altumAI’s futureWork solution, a program that uses safety technology to avoid risk.

Advertisement

Foley brings over 35 years of industry experience to his role with altumAI. His experience ranges from financial services to risk program design and management.
“We are thrilled to welcome Peter to the altumAI team,” said Douglas Turk, CEO of altumAI.
“Peter has significant industry knowledge and M&A experience that supports our mission to redefine workers’ comp with a streamlined, digital-first user experience and proven, proprietary technology and AI to create insights and action to systemically shift the risk curve.”
NARDAC Insurance Services Announces Firm Launch
Jatin Sharma, founder, NARDAC
NARDAC Insurance Services officially launched its brokerage firm this October in the state of California. NARDAC plans to offer service to the renewable energy, conventional energy, infrastructure and transport sectors.
Founded …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “9 People on the Move”

Innovation Group forms new partnership

innovation group forms new partnership

BEGIN ARTICLE PREVIEW:

Innovation Group, an insurtech and specialist insurance services provider, has announced that it has entered an agreement with data and analytics provider Verisk.

The collaboration will provide insurers with a consolidated, real-time view of the claim lifecycle, Innovation Group said. Verisk’s Xactware products enable accurate management of repair estimates, remote video assessment, labor-cost management and proactive issue resolution. The partnership will pair those capabilities with Innovation Group’s Gateway platform and its first notification of loss, adaptive workflows and payment capabilities.

The collaboration is currently live in Australia, with Innovation Group providing a complete claims and assessment service. Early results indicate a turnaround of virtual assessment, estimation and reporting within 48 hours for low quantum home claims, Innovation Group said.

“The combination of our technologies and processes will result in a best-in-market solution that can help insurers improve outcomes and achieve greater efficiencies in their claims workflows and greater satisfaction ratings among policyholders,” said Mike Fulton, president of Xactware.

“Innovation Group and Verisk are committed to supporting the global insurance industry as it confronts the COVID-19 pandemic, climate change and evolving customer demands,” said Tim Griffiths, CEO of Innovation Group. “Our Gateway platform is an extension of our global service …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Innovation Group forms new partnership”

Global Teenager Life Insurance Market 2019-2025 Growth Analysis, technology Trends and Key Feature | COVID 19 Impact Analysis on Top Players: Allianz (Germany), Assicurazioni Generali (Italy), China Life Insurance (China), MetLife (USA), PingAn (China), AXA (France), etc.

global teenager life insurance market 2019-2025 growth analysis, technology trends and key feature | covid 19 impact analysis on top players: allianz (germany), assicurazioni generali (italy), china life insurance (china), metlife (usa), pingan (china), axa (france), etc.

BEGIN ARTICLE PREVIEW:

Introduction and Scope: Global Teenager Life Insurance Market Based on highly decisive data unravelling approach braced by highly professional researchers and analysts in our teams, the Global Teenager Life Insurance Market is expected to nail a bullish growth through the growth span, 2019-25.
The report is poised to include definitive details of the market forces, growth catalysts that collectively influence lucrative growth returns. The market with his current growth prognosis as well as an eventful historical success rate is likely to accrue high end investment returns, while also maintaining a decent CAGR percentage through the growth years considered in the report.
which market players and aspiring new entrants may witness seamless entry.Allianz (Germany)Assicurazioni Generali (Italy)China Life Insurance (China)MetLife (USA)PingAn (China)AXA (France)Sumitomo Life Insurance (Japan)Aegon (Netherlands)Dai-ichi Mutual Life Insurance (Japan)CPIC (China)Aviva (UK)Munich Re Group (Germany)Zurich Financial Services  (Switzerland)Nippon Life Insurance  (Japan)Gerber Life Insurance (USA)AIG (USA)
The report in its modest attempt to unfurl notable market developments successfully includes details on revenue predictions, sales performance profit margin as well as market specific segmentation and vendor profiles who continue to hold tangible lead despite unprecedented challenges and …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Global Teenager Life Insurance Market 2019-2025 Growth Analysis, technology Trends and Key Feature | COVID 19 Impact Analysis on Top Players: Allianz (Germany), Assicurazioni Generali (Italy), China Life Insurance (China), MetLife (USA), PingAn (China), AXA (France), etc.”

Introducing: The Insuring Cyber Podcast

introducing: the insuring cyber podcast

BEGIN ARTICLE PREVIEW:

Article
0 Comments

Although National Cybersecurity Awareness Month is coming to an end this week, cybersecurity remains an ongoing focus for insurers particularly as the COVID-19 pandemic has pushed many companies to transition to remote working.
With this in mind, Insurance Journal is introducing the Insuring Cyber Podcast. Twice a month with new episodes every other Wednesday, the podcast will feature discussions with industry experts on cyber topics that are at the top of the insurance industry’s radar.

In the first episode, Pete Arterburn, digital transformation lead at Aon Affinity, discusses how the insurance industry is being pushed to embrace tech with COVID-19 at its heels. He explains what this means for a relationship-driven industry in terms of connecting with its customer base and attracting top talent.
“I think ultimately we’re going to start to see a tectonic shift,” he says. “You’re going to start to see a number of agencies maximize that technology capability to really move to that virtual environment…I really do think that will continue to be the new norm.”
Later in the episode, Todd Lukens, chief information security officer at Nationwide, discusses what Nationwide is learning from its transition to a hybrid operating …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Introducing: The Insuring Cyber Podcast”