After the recent launch of Lemonade car insurance, AI-powered insurance company Lemonade has announced its first-ever acquisition, purchasing the online insurance platform and pay-per-mile vehicle insurer Metromile in an all-stock deal aimed at boosting its auto insurance business. Related news: Lemonade Launches Car Insurance Platform...
Online insurance platform and pay-per-mile vehicle insurer Metromile and Hippo Insurance Services, which offers home insurance, will collaborate to provide a multipolicy discount on auto and homeowners insurance to consumers, according to a Monday (May 17) announcement. “Offering choice and control are central to who...
Digital insurance platform and pay-per-mile auto insurer Metromile will be allowing policyholders to pay premiums and receive claim payouts in bitcoin, according to a press release emailed to PYMNTS. The company will buy $10 million in bitcoin in the second quarter of this year in...
Health insurance platform Oscar is disclosing that it has confidentially filed for an initial public offering, becoming the latest InsurTech to look at going public following Lemonade’s hugely successful IPO in July. “At Oscar, our mission is to make a healthier life accessible and affordable...
April 23, 2020
The coronavirus has forced a reckoning with daily financial life, with belt-tightening and budgeting. And as tens of millions of Americans stay at home, work from home, shop from home (and have things delivered), and as the kids are learning at home – cars and vans and trucks sit idle in driveways and on side […]
February 28, 2020
Car insurance even predates Henry Ford, yet a truly disruptive auto insurance provider hasn’t emerged in more than a century. Metromile CEO Dan Preston tells Karen Webster how his metered-model...
August 01, 2022
Artificial intelligence (AI)-powered insurance company Lemonade has officially divested online insurance platform and pay-per-mile vehicle insurer Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform EIS, according to a press release Monday (Aug. 1). EBS was Metromile’s Software-as-a-Service (SaaS) claims automation and fraud detection platform, which was licensed to large insurance carriers, per the release. […]
May 17, 2021
Online insurance platform and pay-per-mile vehicle insurer Metromile and Hippo Insurance Services, which offers home insurance, will collaborate to provide a multipolicy discount on auto and homeowners insurance to consumers,...
May 06, 2021
Digital insurance platform and pay-per-mile auto insurer Metromile will be allowing policyholders to pay premiums and receive claim payouts in bitcoin, according to a press release emailed to PYMNTS. The...
November 24, 2020
Digital auto insurer Metromile plans to go public by merging with publicly traded INSU II (Nasdaq: INAQ), a special purpose acquisition entity sponsored by Cohen & Company (NYSE: COHN). Under...
