Your Daily InsurTech Briefing – 2024-03-03

March 3, 2024
1 min read

Let’s see what’s in the news today.

Lemonade’s stock crashes on 2024 forecast despite topping estimates

The insurtech company’s stock plummeted by 25% at the opening of trading on Wall Street following its forecast of doubling marketing expenses and a deceleration in revenue growth

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Coverdash secures $13.5m in Series A to enhance embedded insurance

Coverdash, a pioneering InsurTech firm focused on startups and small and medium-sized businesses (SMBs), has successfully raised $13.5m in Series A funding.

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How AI is Shaping the Future of Insurance with Marty Smuin, CEO of Arturo

Discover how AI transforms insurance with Marty Smuin, CEO of Arturo, in this insightful podcast on risk management.

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Give us your nominations: CNBC is listing the world’s top fintech companies

For a second year, CNBC and Statista are working together to identify the top global fintech names. We’re also opening nominations for the top insurtech firms.

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Exclusive | Guinness World Records: HSBC Life sells US$250m insurance policy to Asian client

The sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014. It was certified by Guinness World Records.

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Let’s see what’s in the news today. Irish drivers in line for cash refunds following car insurance tech blunder An MEP says insurance companies need to be more vigilant. Read the original