Insurtech weekly news roundup: Aug. 26

USAA integrated the technology into its SafePilot telematics app. The company said it has generated over 36,000 notifications since its November 2021 launch.

The technology uses smart phone sensors within the app to detect potential collisions, after which it prompts the insured to verify if an accident has occurred. Once the accident is confirmed, the app provides useful information such as safety guidance to the accident site, the option to file a claim through a streamlined process, or the ability to dial 911 directly from the app.

“By using telematics and crash detection technology, we can provide a more seamless member experience and faster resolution of claims,” ​​said Luke Harris, USAA’s vice president of innovation, in prepared remarks.

on the bay

California-based Cyber ​​MGA At-Bay acquired Relay, an insurance technology company focused on modernizing commercial insurance placements.

Neither party disclosed financial terms.

Riley, based in Toronto, will continue as an independent entity under its management team. Launched in 2019, Riley offers a broker-friendly digital placement marketplace for a number of niche business lines with a focus on cyber. CEO and co-founder Greg Bottin said his company “immediately felt a strong connection” with the At-Bay team and sees the acquirer as “leading the successful development of a true multicarrier platform.”

The Riley acquisition aims to complement At-Bay’s ongoing distribution strategy to empower brokers and partners with state-of-the-art technology. This includes a dedicated broker platform and API technology for partnerships.


Insurtech platform Kamilio is partnering with small business insurance intermediary Builders and Tradesmen Insurance Services (BTIS), which will expand its presence from Canada to the US market.

BTIS will use Kamilio’s agency management system with its own technology, something that BTIS co-president Paul Hohlbein said in prepared remarks, “by transacting end-to-end business across the same experience industry.” as opposed to many inefficient systems.”

Kamilio’s platform has been designed to streamline and automate traditionally manual back-office processes, reduce operating expenses, and help agencies engineer more sales and service.

BTIS is a nationwide insurance intermediary offering a wide range of commercial lines, and also developing and implementing state-of-the-art technology to help promote customer service and experience.

BrokerTech Ventures

BrokerTech Ventures is celebrating its 3rd anniversary.

Operations is the first broker-led convening platform and accelerator program focused on bringing innovation to the insurance broker industry. It launched in Las Vegas in 2019 at InsureTech Connect, an annual insurance technology convention that is the largest of its kind in the world.

“When we launched BrokerTech Ventures, we knew there was a need in the insurance industry dedicated specifically to the broker side of the equation,” Dan Keough, President and CEO of Holmes Murphy and Co-CEO of BTV, said in prepared remarks. Said. “Until BTV was formed, there was no effort to bring together brokers, innovators, investors and the industry, to find and market specific products and solutions to customer needs. can go.”


UK-based Insurtech Previsico launched its live flood forecast warning service in the US.

The launch is done in partnership with Nexus Alpha USA and is designed to help reduce surface water flood damage for insurers and their customers in the US.

Privisico debuted in 2019 as a spinout from Loughborough University in the UK, with a focus on preventing avoidable flood impacts around the word. The company’s actionable flood warnings support brokers and insurers, as well as their clients, including Liberty Mutual and Zurich. Underwriters working with Lloyd argue that Previsico’s warnings could eliminate 70% or more of commercial losses for businesses with flood planning and resilience measures.


Driver Technologies and Stable Insurance are linking to offer rideshare drivers a dash cam discount.

Driver Technologies is an AI-based mobility technology company that provides a safe driving experience. Stable Insurance is an Insurtech MGA focused on rideshare drivers and fleets.

Stable Rideshare is offering its insurance for drivers at a 20% lower premium if drivers agree to use dash cams. If the driver was using the dash cam at the time of the “off app” accident, rideshare drivers reduce their collision rate from $1,000 to zero. As part of the partnership, Stable will offer its insured drivers a premium version of Driver Technologies Driver: Dash Cam and Safety App.

The DriverPremium offering will let drivers access the Driver Cloud to view their telematics data and videos to receive automated coaching and share videos for claims purposes. If rideshare drivers don’t have compatible devices, Drivers & Stable will prepare them for either a brand new iPhone SE or iPad with a driver app and accessories like a dash cam mount.


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