{"id":714,"date":"2021-10-09T14:55:22","date_gmt":"2021-10-09T18:55:22","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=714"},"modified":"2021-10-08T14:57:41","modified_gmt":"2021-10-08T18:57:41","slug":"3-things-10-08-2021","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-10-08-2021\/","title":{"rendered":"3 Things – Greenberg ITC Remarks, Coalition \/ Attune & OnStar Insurance – 10\/08\/2021"},"content":{"rendered":"

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Hi All!\u00a0 It was great to be back in Vegas for ITC and we enjoyed catching up with people in person and the events of the conference.\u00a0 It was a busy week and we are following Evan Greenbergs comments, Coalition acquiring Attune and OnStar Insurance.\u00a0 Here are the three things we learned:<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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When Evan Greenberg Speaks …<\/strong><\/p>\n

Evan Greenberg\u00a0addressed the Insuretech Connect conference<\/a>\u00a0for the first time this year.\u00a0 His comments were insightful and blunt but a key theme was that technology and hype does not change the fundamental that insurance is the art and science about taking risk.\u00a0 Hard to argue with someone who has done that so well; he’s made the largest and most capitalized player in the industry.\u00a0 In case you don’t believe that, later in the week Chubb announced they are dropping\u00a0$5.75 B in cash to acquire Cigna’s Asia businesses<\/a>\u00a0to increase their A&H market reach.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Coalition Acquires Attune<\/strong><\/p>\n

In the news again for the second week in a row, the $3.5B valued cyber startup\u00a0Coalition announced the acquisition of Attune<\/a>, the MGA joint venture of AIG & Hamilton.\u00a0 AIG looks to be shedding the investment to continue to narrow their focus on become healthier.\u00a0 For Coalition, this would appear to be an opportunity to buy a significant distribution channel for an attractive cost, though terms were not revealed.\u00a0 What is the value of 130,000 small business customers that you can now cross sell cyber liability?\u00a0 Coalition is putting their newly raised capital to good use.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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GM’s Onstar Insurance\u00a0<\/strong><\/p>\n

GM released plans to\u00a0increase revenue and improve margins<\/a>\u00a0by transforming from an auto manufacturer to a growth company with electric vehicles, connected services and new businesses.\u00a0 What does this mean for insurance?\u00a0 According to the President of Onstar Insurance (division of GM), they will be a big part of this transformation by contributing $6B of revenue by end of decade based on “Our three rights to win: 1) Access to GM customers; 2) GM’s superior vehicle data; and 3) The GM ecosystem will help us to achieve this goal.”\u00a0 The timing of this release with ITC 2021 cannot be a coincidence.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Thank you for following us, we appreciate your feedback and continued support.\u00a0 Stay productive, stay safe and stay in touch!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hi All!\u00a0 It was great to be back in Vegas for ITC and we<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n3 Things - Greenberg ITC Remarks, Coalition \/ Attune & OnStar Insurance - 10\/08\/2021 - Wikifri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/3-things-10-08-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Greenberg ITC Remarks, Coalition \/ Attune & OnStar Insurance - 10\/08\/2021 - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Hi All!\u00a0 It was great to be back in Vegas for ITC and we\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-10-08-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-09T18:55:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-08T18:57:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png\" \/>\n<meta name=\"author\" content=\"Nick Coenen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Coenen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-10-08-2021\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-10-08-2021\/\",\"name\":\"3 Things - 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