Insurance AI company Lemonade acquires Metromile to deliver personalized car insurance

Key Insights and Signals in Insurance

Deals and Deal Renewal  
Independence Blue Cross (Independence) and Podimetrics collaborate to prevent diabetic amputations  
Podimetrics will remotely monitor Independence’s fully insured commercial members with diabetes and a history of a diabetic foot ulcer using the cellular-connected SmartMat. It can detect warning signs of diabetic foot complications up to five weeks before they present clinically, allowing for early interventions to help prevent diabetic amputations. Read More>>
Executive Movement 
Rob Doerfler joins Alliant Insurance Services 
Rob Doerfler joined the company as Sr VP. With over 22 years of experience in the insurance industry, Doerfler will lead the Forest Products Group to strategize placements and cultivate insurance market relationships on behalf of Alliant’s clients. Read More>>
Anusha Thavarajah to assume the post of regional CEO of Allianz Asia Pacific 
Anusha Thavarajah has been named regional CEO of Allianz Asia Pacific to replace Solman Altin. In her new role, Thavarajah will deliver long-term growth and drive ongoing transformation efforts. Read More>>
PEMCO Mutual Insurance appoints New Director of NextGen Strategy and Implementation 
Trent Stoker has been promoted to the organization’s next-generation (NextGen) technology strategy and implementation director. Stoker will work with leaders and subject-matter experts across PEMCO to orchestrate strategy development, future-state visioning, selection, implement PEMCO’s insurance processing system platform components. Read More>>
CapIntel establishes a strategic relationship with Canada Life to enhance client experience and outcomes 
The new strategic relationship will enable Canada Life’s approximately 3,000 advisors to deliver personalized advice and proposals with more transparency and efficiency to help clients meet their unique financial goals. Read More>>
Bharti AXA Life Insurance collaborates with Ankur Warikoo to launch a six-part knowledge series 
Aiming to spread awareness and educate consumers on the importance of having life insurance and key factors to keep in mind while selecting policies, Bharti AXA Life roped in Warikoo to answer key questions around life insurance. Read More>>
Cancer care provider partners with Bupa 
Rutherford Health Cancer Centers partnered with Bupa to open new health clinics that will create a one-stop-shop journey for customers from diagnosis to treatment and give customers access to private GP appointments, health assessments, and physiotherapy. Read More>>
Rappi and Chubb expand partnership 
Rappi and Chubb will co-create customized digital insurance offerings for SuperApp’s millions of users across the region. Rappi’s customers will access tailor-made insurance products through an intuitive, user-friendly experience, digitally transact quotes, bill payment, and account management. Read More>>
Mergers and Acquisitions
Insurance AI company Lemonade acquires Metromile to boost automotive offering 
Lemonade, the AI-powered insurance company, will acquire Metromile for the proprietary data and machine learning algorithms behind Metromile’s personalized auto insurance offerings. Read More>>
UnitedHealth Group and Change Healthcare amend merger timeline 
The acquisition has received pushback from certain groups, including the American Hospital Association, which has said the merger threatens to reduce competition for the sale of healthcare information technology services to hospitals and other healthcare providers. Read More>>
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Latest Industry Insights from Draup Braindesk

Insights on Bupa: 

  • Bupa introduced a new remote skin assessment service to enable all its health insurance clients to test for skin cancer remotely, without the need for a doctor’s referral. 

  • Bupa partnered with Microsoft on cloud technology to improve the personalization and accessibility of its private healthcare services for people. 

  • They partnered with Tictrac to enhance its new wellness engagement platform, Bupa4Life, to help clients understand their health status and encourage them to make good lifestyle changes. 

  • Santiago Metropolitan, Chile, serves as the key location for various operations such as Cyber Security, Data Center Management, Augmented Reality & Virtual Reality, IT Consulting, Business Intelligence, and UI/UX Design-related engagements. 

  • Application Development & Maintenance is the highly outsourced segment, holds approximately 42% of the total outsourcing headcount. Capgemini is the key strategic outsourcing partner for Bupa. 

Key Funding Alert

InsurTech startup SafeTree raises USD 1 Mn in a seed funding round 
The startup aims to use the capital infusion to expand its team, strengthen product development, and enhance the technology interface. Along with this, SafeTree will increase its geographical presence from 2 to 10 states. Read more>>

Startup Spotlight

Company – Hoggo
Total Funding  USD 15.14 Mn
About: Hoggo allows for managing and subscribing to all types of insurance from all the insurers. It automates admin tasks, facilitates transparent information exchange, and will enable clients to cut the time spent on management by 10% and save an average of 25% on their contracts. Read more>>

Latest Reports Published in Draup

Guardian Life Account Intelligence Report: Guardian Life is developing a platform that uses AI and ML to support data-driven decision-making insurance products and services easier to comprehend and purchase for consumers. It partnered with organizations to create digital platforms that connect its operations to customers. Read More>>
Kaiser Permanente Account Intelligence Report: Kaiser Permanente developed a new assessment tool called COVAS that supports predicting patients with COVID-19 symptoms. It launched Virtual Plus, a virtual healthcare solution across Washington, to increase the demand for virtual solutions during COVID-19. Read More>>
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