{"id":837,"date":"2022-05-14T10:00:13","date_gmt":"2022-05-14T14:00:13","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=837"},"modified":"2022-05-13T15:30:04","modified_gmt":"2022-05-13T19:30:04","slug":"3-things-05-13-2022","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-05-13-2022\/","title":{"rendered":"3 Things – Future of Auto, NSM Acquired & Insurtech Earnings – 05\/13\/2022"},"content":{"rendered":"

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Hello Friends!\u00a0 We hope everyone is enjoying spring weather and getting out of the office early today.\u00a0 This week we are following the future of auto insurance, Carlyle acquiring NSM and Insurtech earnings takeaways.\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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The Future of Auto Insurance<\/strong><\/p>\n

Throughout earnings season we have seen that auto insurance has been pressured by the macro conditions of inflation and supply chain disruptions.\u00a0 So this week we read several things and thought it would be beneficial to try to tie them together for a take on the future of auto insurance.\u00a0 Luckily our friend Ian does most of the heavy lifting in his\u00a0blog post<\/a>.\u00a0 Telematics was a big topic at the Berkshire Hathaway\u00a0annual meeting<\/a>, but not sure their take is quite right.\u00a0 The question we ask is telematics going the way of the connected vehicles and like Ian explains with autonomous vehicles. This week GM’s Onstar Insurance has now gone live Michigan and\u00a0is available nationwide<\/a>\u00a0joining Tesla and others.\u00a0 Most cars on the road currently are not connected but how many years until they are and the manufacturers of those vehicles become the insurers with the most reliable telematics data.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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NSM Acquired, MGA Valuations Stay High<\/strong><\/p>\n

Private equity firm\u00a0Carlyle acquired MGA NSM<\/a>\u00a0for $1.78B this week.\u00a0 NSM was writing $1B in premiums so this is a pretty hefty valuation for them that White Mountains could not pass up.\u00a0 For Carlyle and other private equities, they can invest back into the platform and bolt on additional pieces to leverage economies of scale.\u00a0 MGAs will be coveted assets going forward. Especially ones with niche focus and technology that can be added to with other acquisitions.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Insurtech Earnings Week Takeaways<\/strong><\/p>\n

This week had more earnings reports to read through and the most interesting were the public insurtechs\u00a0Lemonade<\/a>,\u00a0Metromile<\/a>\u00a0&\u00a0Hippo<\/a>.\u00a0 Metromile highlights on the third page of their letter that they sold the first the first bundled policies with Hippo.\u00a0 This is interesting in that Lemonade is already acquiring MILE and hopes to close in Q2.\u00a0 Will they continue to market Hippo or their own home insurance?\u00a0 Their CEO is now touting MILE as a tech platform that will power their auto product though it the tech hasn’t helped with loss ratio thus far.\u00a0 Hippo stock soared over 30% Friday after their earnings release which beat expectations and improved guidance for the remainder of the year.\u00a0 Does it seem plausible that HIPO could merge with LMND at some point?<\/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 tuned for more info to come.\u00a0 Until next week… stay safe, stay productive!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hello Friends!\u00a0 We hope everyone is enjoying spring weather and getting out of the<\/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 - Future of Auto, NSM Acquired & Insurtech Earnings - 05\/13\/2022 - 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-05-13-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Future of Auto, NSM Acquired & Insurtech Earnings - 05\/13\/2022 - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Hello Friends!\u00a0 We hope everyone is enjoying spring weather and getting out of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-05-13-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-14T14:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-13T19:30:04+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=\"3 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-05-13-2022\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-05-13-2022\/\",\"name\":\"3 Things - 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