The Insurance Regulatory and Development Authority of India (IRDAI) has given the green light for the establishment of the much-anticipated online insurance marketplace, Bima...
The pandemic served as a driver for digital transformation across a number of industries. Within the insurance sector, evolving customer expectations has insurance players rushing to adopt digital solutions to streamline the customer journey. Policygenius has emerged as the leading online insurance marketplace where consumers can discover, compare, and purchase insurance. The platform covers life, home, auto, disability, and rental insurance options across the largest and most trusted carriers, providing an experience similar to Kayak for travel. However, purchasing insurance is a bit more complicated than booking a plane ticket and Policygenius offers access to 400+ experts to navigate the entire process. For carriers, the company’s proprietary technology provides the conduit to access the digital insurance ecosystem through a proven and battle-tested online sales and marketing channel; the company has facilitated $90B in life insurance policies sold since 2014 for 30M+ individuals. AlleyWatch caught up with Policygenius CEO and Cofounder Jennifer Fitzgerald to learn more about the inspiration for the business, the company's strategic plans, latest round of funding, which brings the total funding raised to $276.1M, and much, much more...
Decentralized insurance is another rapidly growing DeFi application enabled by blockchain technology. Decentralized insurance cuts transaction costs and claim cycles by eliminating costly insurance assessment protocols and leveraging significant advancements in an automated payout process. [...]
