Your Daily InsurTech Briefing – 2024-01-30

January 30, 2024
1 min read

Let’s see what’s in the news today.

How Does The ‘Cashless Everywhere’ System Benefit Health And General Insurance Policyholders?

Customers can choose hospitals outside their insurance company’s networks, experience swift settlement of claims

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How EVs, High-Tech Vehicles Are Fueling Surge In Insurance Stocks By Benzinga

How EVs, High-Tech Vehicles Are Fueling Surge In Insurance Stocks

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How EVs, High-Tech Vehicles Are Fueling Surge In Insurance Stocks

In 2024, insurance company stocks have outperformed the S&P 500 index, only lagging behind the exceptional performance of semiconductor stocks. The iShares U.S. Insurance ETF (NYSE:IAK) has experienced a 5% increase in January, surpassing the 3% rise of the SPDR S&P 500 ETF Trust (NYSE:SPY). But what is driving the rally in U.S. insurance stocks? Insurance Costs For Motor Vehicles Are Soaring The December Consumer Price Index report provides…

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How EVs, High-Tech Vehicles Are Fueling Surge In Insurance Stocks – Allstate (NYSE:ALL), iShares U.S. Insurance ETF (ARCA:IAK)

Insurance company stocks in 2024 have outperformed S&P 500, with a 5% increase driven by soaring vehicle insurance costs and complexity of EV repairs.

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Covr Financial Technologies Hosts Economic Growth Event

/PRNewswire/ — Covr Financial Technologies, a leader in insurance technology, hosted a gathering of investors and politicians in their new Hartford office….

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Latest from Blog

Your Daily InsurTech Briefing – 2024-05-19

Let’s see what’s in the news today. Ant Insurance unveils privacy-preserving auto insurance tech Providers like PICC, Ping An, and CPIC have already adopted this type of tech. China-based online insurance brokerage

Jonathan Davey: Insurance chose me.

“`html TLDR: Jonathan Davey announced his retirement as the CEO of HugHub after eight years. His career spanned 38 years in the insurance and technology markets, with notable achievements in setting up

Your Daily InsurTech Briefing – 2024-05-18

Let’s see what’s in the news today. CoverTree Secures $13 Million in Series A Funding to Revolutionize Manufactured Home Insurance CoverTree, a cutting-edge insurtech company specializing in manufactured home insurance solutions, announced

CoverTree locks down $13M in Series A funding.

TLDR: CoverTree secures $13 million in Series A funding led by Portage and other investors. They aim to revolutionize manufactured home insurance and provide affordable solutions to the growing market. Key Elements: