Insurtech News: Bestow partners with Lemonade; Oscar readies IPO

[helgaemines]

Hello Forum!

I want to share this article with you.

Insurtech News: Bestow partners with Lemonade; Oscar readies IPO (insurance-forums.com)

I hope you like it.

Thank you

 

[marindependent]

Thanks for the share. Never heard of them. I welcome insurance tech companies though.

 

[helgaemines]

Thanks for the share. Never heard of them. I welcome insurance tech companies though.

I hope you enjoy the article!

 

[JoshE]

@helgaemines I enjoy the article I have been following these Insuratech companies for a while, some other to look out for
Hippo
Homeowners Insurance: Get a Quote in 60 Seconds - Hippo
Bright Health (Oscar Competitor)
Bright HealthCare
These are the new insurance carrier tech friendly companies.... Getting crazy valuations too!!!!

 

[helgaemines]

@helgaemines I enjoy the article I have been following these Insuratech companies for a while, some other to look out for
Hippo
Homeowners Insurance: Get a Quote in 60 Seconds - Hippo
Bright Health (Oscar Competitor)
Bright HealthCare
These are the new insurance carrier tech friendly companies.... Getting crazy valuations too!!!!

Hippo & Bright Health are insurance carriers?

Thank you!

 

[JoshE]

Hippo & Bright Health are insurance carriers?

Thank you!

Yes all those 4... Oscar, Lemonade, Bright and Hippo are mirrors of each others but all are insurance carriers that's their commonality.

 

[helgaemines]

Yes all those 4... Oscar, Lemonade, Bright and Hippo are mirrors of each others but all are insurance carriers that's their commonality.

Do you work with them?

 

[JoshE]

Do you work with them?

Yes man I am independent I work with both Oscar and Bright health.... Lemonade and Hippo not in my state, Florida is wild wild west for Home & Car insurance doubt they will want to dive into this market now...

Other 2 are good they pay decent, and well they got boat load of $$... Warren Buffet (He's neck deep insurance holding) , Peter Thiel and some big VC backing all of these companies above.... Most are Unicorns (1+ Billion Valuation) Start-ups, they're like 3-6 years old most of them.

 

[helgaemines]

Yes man I am independent I work with both Oscar and Bright health.... Lemonade and Hippo not in my state, Florida is wild wild west for Home & Car insurance doubt they will want to dive into this market now...

Other 2 are good they pay decent, and well they got boat load of $$... Warren Buffet (He's neck deep insurance holding) , Peter Thiel and some big VC backing all of these companies above.... Most are Unicorns (1+ Billion Valuation) Start-ups, they're like 3-6 years old most of them.

Are these companies with a quote and self-application process?

What I mean, contact applies and buys the policy with no agent interaction.

 

[JoshE]

Are these companies with a quote and self-application process?

What I mean, contact applies and buys the policy with no agent interaction.

Well I am sure that clients can do the non-broker sign up (these carriers have good tech stack) but all my enrollment are guided by an agent... I finish app + select plan for customer send email to customer with price or send summary of sale proposal