Despite early hopes of sizeable rate rises, reinsurers are frustrated that many accounts will renew with as-before terms.
Facial recognition software is used to see if customers are “telling the truth”, Lemonade’s Sagalow told InsiderTech New York.
Lemonade faces a challenge in building a direct channel in a broker-dominated market
Only a third of index components expanded by more than 1 percent, with the majority of stocks little-changed.
The underwriter was XL Catlin’s head of engineering before moving to Canopius in 2015.
The long-term issuer rating for group subsidiaries has improved to A+ from A.
Market sources said most of ITC’s marine liability cover is written by an Aon general liability line slip.
Deals will likely see an extension of the de-risking applied in property and casualty.
The insurer’s annual claims report shows that the occurrence of higher value claims has almost doubled in the past year.
The round was led by venture capitalist fund True Ventures with participation from Underscore VC.
The executive points to the aviation market and China as areas of opportunity.
Two executives are reported to have resigned following allegations of inappropriate behaviour at a party and of stalking.
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