Chief executive is ‘very cynical' and ‘worried' about the plan's delivery timeline...
Insurtech stocks maintain momentum, among top performers so far in 2024
Insurance technology companies have been some of the best-performing US insurance stocks thus far in 2024, according to an S&P Global Market Intelligence...
Insurance technology companies have been some of the best-performing US insurance stocks thus far in 2024, according to an S&P Global Market Intelligence...
Article / 2 months ago
Profitability concerns drive September swoon for insurtechs
A sharp decline in stock values for insurtech companies in the third quarter is an indication of investor's waning confidence in a sector beset by underwriting and profitability issues....
A sharp decline in stock values for insurtech companies in the third quarter is an indication of investor's waning confidence in a sector beset by underwriting and profitability issues....
Article / 8 months ago
Palomar shares slump in August despite 'limited' Vesttoo exposure
Palomar Holdings shares have endured a steady decline since news of a scandal involving Vesttoo Ltd. emerged at the start of August despite the specialty...
Palomar Holdings shares have endured a steady decline since news of a scandal involving Vesttoo Ltd. emerged at the start of August despite the specialty...
Article / 9 months ago
Hippo's shares tumble amid underwriting pause, difficult Q2'23 for P&C insurers
Hippo Holdings Inc. shares have fallen dramatically this month following underwhelming second-quarter financial results and a decision to pause writing new...
Hippo Holdings Inc. shares have fallen dramatically this month following underwhelming second-quarter financial results and a decision to pause writing new...
Article / 9 months ago
Lemonade yet to make major stir in Europe
Lemonade Inc.'s progress building out its European business since launching in June 2019 has been relatively slow...
Lemonade Inc.'s progress building out its European business since launching in June 2019 has been relatively slow...
Article / 12 months ago
Insurtech Root's private auto combined ratio tops 200% for 2nd straight year
Although it raised rates and slashed expenses in 2022, insurance technology company Root Inc. recorded a combined ratio well in excess of 200% in its...
Although it raised rates and slashed expenses in 2022, insurance technology company Root Inc. recorded a combined ratio well in excess of 200% in its...
Article / 1 year ago
Underwriting profitability remains elusive for auto insurtechs
Inflationary pressures and driving habits returning to pre-pandemic levels have aggravated underwriting losses for several private auto insurance technology companies....
Inflationary pressures and driving habits returning to pre-pandemic levels have aggravated underwriting losses for several private auto insurance technology companies....
Article / 2 years ago
Hippo shares dive after layoffs; US life sector outperforms broader market
Hippo Holdings Inc. shares came under pressure this week as the company announced that it is laying off 70 employees, or about 10% of its workforce, as part of an organizational realignment.
Hippo Holdings Inc. shares came under pressure this week as the company announced that it is laying off 70 employees, or about 10% of its workforce, as part of an organizational realignment.
Article / 2 years ago
Root shares keep falling despite reverse split; United Insurance up amid exits
Root Inc. underwent a reverse stock split that took effect Aug. 15, but the move has seemingly done little to quell the company's steady share price decline....
Root Inc. underwent a reverse stock split that took effect Aug. 15, but the move has seemingly done little to quell the company's steady share price decline....
Article / 2 years ago
Lemonade, other insurtechs sweeten positive week for insurance stocks
Insurance stocks outpaced the broader market as positive reports from insurtech companies closed out earnings season.
Insurance stocks outpaced the broader market as positive reports from insurtech companies closed out earnings season.
Article / 2 years ago
