BLOGS

Lemonade’s acquisition of Metromile has been in the news for some time, but recently we learned that the Metromile Enterprise Business Solutions unit has been sold off to EIS. I can’t comment on the specifics of the Lemonade or EIS acquisitions, but this is interesting from an industry perspective when it comes to the sale and support of nontraditional insurance products. By nontraditional, I...

Happy (American) Thanksgiving to all our Aite-Novarica clients, Council Members, and friends! When I read through the newsletter items this month, they looked startlingly routine — the items one might find in any November newsletters across the past decade (minus, of course, 2020). It may not be a return to normal, but I’ll settle for a return to typical. The annual Budgets and Projects...

Lots of insurers are talking about innovation, but not every insurer means the same thing when they use the term. You can have three people sitting around a table to discuss innovation, and it turns out all three of them expected an entirely different conversation. This is a good thing rather than a problem! It means there are many ways for an insurance company to be innovative in today’s...

InsureTech startups continue to attract the industry’s attention, bringing with them unprecedented access to emerging technology. The technology itself is exciting, but a huge part of what startups can offer insurers is how to actually use that tech. Positioning matters. Novarica recently facilitated a town hall for our InsureTech Community where we discussed emerging technology trends and...