Bamboo Insurance | June 18, 2021
Bamboo Insurance, an insurance company, focused on transparency, customer advocacy, and a frictionless experience, has purchased certain assets from parent company First American Financial Corporation, a leading provider of title insurance, settlement services, and risk solutions for real estate transactions. In October 2020, First American announced its intention to quit the property and casualty business and focus on its core business.
Over $22 million in premium was purchased in personal and commercial policies underwritten by prominent third-party carriers. As part of the Bamboo team, FAPCIA's staff will continue to deliver exceptional service to policyholders.
Bamboo Insurance has long provided flexible and transparent insurance alternatives in California, including homeowners, dwelling fire, and auxiliary products. Beginning today, Bamboo's new agency business will be able to satisfy the requirements of its clients across the country by offering auto, renters, condominium, commercial lines, and a variety of other insurance coverages in addition to its existing products.
With the addition of an agency of this caliber, Bamboo Insurance will grow faster and further in the insurance value chain.
About Bamboo Insurance
Bamboo Insurance, founded by insurance industry veterans, is a fast-growing insurtech firm that offers commercial and personal line products.
Zywave | January 05, 2022
Leading insurtech provider, Zywave, has been named as one of two large established vendors in the end-to-end solution functionality segment for digital insurance agency platform providers, according to Forrester's "Now Tech: Digital Insurance Agency Platforms, Q4 2021" report.
The report overviewed 13 digital insurance agency platform providers based on market presence and functionality. Zywave is categorized as one of two large established vendors within the digital insurance agency platform space that were classified in the end-to-end solution functionality segment.
"We are pleased to be named in this Forrester report, Over the past few years, Zywave has made significant investments in research and development, as well as in the acquisitions of new technologies. Today, we are proud of this recognition in the end-to-end provider functionality segment."
-Eric Rentsch, Zywave senior vice president of product management.
The Forrester report is a vital industry resource offering precise insights on the technology services that agencies can use to operate more efficiently. The report helps to assess the value digital insurance agency platforms can provide and further breaks them down by size and functionally, enabling businesses to make more informed decisions.
A key benefit of Zywave's platform is the ability to scale to the needs of their customers, no matter their size and across personal lines, commercial lines and employee benefits. As an end-to-end solution, Zywave enables agencies and carriers to simplify digital transformation as a platform that offers marketing automation applications, integrated digital client experience software, employee mobile apps, insurance knowledge base toolkits, and distribution and compliance management offerings.
Zywave leads the insurtech industry, fueling business growth for its partners with cloud-based sales management, client delivery, content and analytics solutions. Zywave's all-in-one platform provides customizable, user-friendly options that enable insurance professionals to build a unique solution to fit their specific growth goals—their own Modern RevOps Machine. More than 15,000 carriers, agencies and brokerages worldwide—including all of the top 100 U.S. insurance brokerages—use Zywave solutions to enhance client services, achieve business growth and promote greater health, wellness, risk management and safety.
Vesttoo | September 06, 2021
Vesttoo is proud to announce that it has joined NVIDIA Inception, a program designed to nurture companies revolutionizing industries with advancements in AI and data sciences.
Vesttoo's AI-based risk modeling technology creates accurate and objective risk models which are used to structure, price and place alternative reinsurance deals. This transfers insurance risks to capital market investors with a faster time-to-market, full risk transparency and performance monitoring, promoting liquidity in the reinsurance ecosystem.
NVIDIA Inception will allow Vesttoo to further develop its independent, proprietary technologies in order to support its growing global pipeline and insurance-linked program (ILP), Vesttoo's security-based investment portfolio. The ILP program is based on Life and P&C insurance risks, giving institutional investors the opportunity to earn additional long-term, sustainable alpha from existing assets, without the need to allocate cash. The program will offer Vesttoo technological support, access to an extensive network, and the opportunity to collaborate with industry-leading experts and other AI-driven organizations.
"We are thrilled to be part of NVIDIA Inception and join a network of market leaders that are reshaping entire industries. We look forward to collaborating with NVIDIA and taking advantage of their in-depth knowledge in AI and machine learning to further grow our ILP program," said Yaniv Bertele, Vesttoo's Chief Executive Officer.
NVIDIA Inception helps startups during critical stages of product development, prototyping and deployment. Every NVIDIA Inception member gets a custom set of ongoing benefits, such as NVIDIA Deep Learning Institute credits, marketing support, and technology assistance, which provides startups with the fundamental tools to help them grow.
Vesttoo is the world's first marketplace for Life and P&C insurance-based risk transfer and investments. Our proprietary AI-based technology facilitates risk transfer between insurance companies and institutional investors, providing insurance-linked investments to asset managers of all types, while enhancing risk transfer and liquidity in the Life and P&C insurance markets.