{"id":993,"date":"2023-04-15T10:25:03","date_gmt":"2023-04-15T14:25:03","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=993"},"modified":"2023-04-15T10:25:45","modified_gmt":"2023-04-15T14:25:45","slug":"3-things-04152023","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-04152023\/","title":{"rendered":"3 Things – Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview"},"content":{"rendered":"

\"\"<\/p>\n

\n
\n
\n\n\n\n
\n
\n
\n

Hello Friends!\u00a0 This week we are following insurtech acquisitions and investment trends, Vouch \/ Corvus partnerships and a preview of the upcoming Q1 2023 earnings season.\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

\n
\n
\n\n\n\n
\n
\n
\n

\u00a0[1]<\/h2>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n
\n
\n
\n

Insurtech Acquisitions and Investment Trends<\/strong><\/p>\n

We have known for awhile that there are insurtech assets for sale so it was interesting to see established specialty carrier\u00a0Arch acquire insurtech Thimble<\/a><\/strong>.\u00a0 Thimble has a technology platform for small business insurance customers and agents featuring integrations to carriers including Markel and Employers.\u00a0 It would appear that the valuation, though undisclosed, was based on their tech platform which Arch will use to broaden digital distribution capabilities.\u00a0 It will be interesting to see how they leverage the carrier partnerships without having competition issues.\u00a0 We expect to see more deals like this unfold.\u00a0 Coverager reports that\u00a0Policygenius is seeking a buyer<\/a><\/strong>.\u00a0 As funding sources dry up and unprofitable insurtechs run out of capital more opportunities will present themselves.\u00a0 Stonybrook Capital principals explain in this video there\u00a0appears to be a flight to quality<\/a><\/strong>\u00a0developing as insurtech 2.0 unfolds.\u00a0 There is still a record amount of capital ‘dry powder’ on the sidelines but more scrutiny is being paid to investments.\u00a0 As it stands there could be a supply problem with not enough investable companies.\u00a0 Insurance companies with strong balance sheets can take advantage of opportunities while the IPO and Banking markets take a pause.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n\n\n\n
\n
\n
\n

\u00a0[2]<\/h2>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n
\n
\n
\n

Vouch, Corvus Partnerships<\/strong><\/p>\n

Vouch announced their\u00a0first embedded partnership<\/a><\/strong>\u00a0with StartupOS.\u00a0 The platform designed for early-stage founders to manage their startup process will feature risk training modules provided by Vouch and a way to purchase much needed executive peril and other coverages that have become more important for founders these days.\u00a0 Cyber MGA Corvus, fresh off of announcing a new President last week,\u00a0will be partnering with Core Speciality<\/a><\/strong>\u00a0to provide Cyber and Tech E&O coverage for businesses with revenues below $500 million.\u00a0 This is Core Specialty’s first cyber offering.\u00a0 The program will offer up to $5 million in coverage and leverage Corvus’ technical and AI underwriting capabilities.\u00a0 It looks like a good partnership from both sides.\u00a0 Core Specialty is building a stable and strong speciality insurer and Corvus, like all insurtechs, needs a partner with a strong balance sheet.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n\n\n\n
\n
\n
\n

\u00a0[3]<\/h2>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n
\n
\n
\n

Q1 Results Preview<\/strong><\/p>\n

We are readying for earnings season that will begin soon.\u00a0 Already this week there have been some signs of what is to come.\u00a0\u00a0Progressive released March 2023 numbers<\/a><\/strong>\u00a0and are 3 points above their target combined ratio of 96.\u00a0 They indicate loss reserve adjustments for personal auto products as the main driver of this result.\u00a0 In spite of these difficulties they are seeing net income growth of 43% in the first quarter aided by investment income growing 73% in the higher interest rate market.\u00a0 The Hartford, who themselves are likely an acquisition target, also\u00a0previewed their upcoming Q1 results<\/a><\/strong>.\u00a0 Net income will grow $530 million despite a $185 million catastrophe loss.\u00a0 Their commercial lines combined ratio is 92.7 and in contrast, personal lines is 106.1 including $30 million of higher-than-expected losses from auto physical damage.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n\n\n\n
\n
\n
\n

Thank you for following us, we appreciate your feedback and continued support. \u00a0Stay 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":"

Hello Friends!\u00a0 This week we are following insurtech acquisitions and investment trends, Vouch \/<\/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 - Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview - 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-04152023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Hello Friends!\u00a0 This week we are following insurtech acquisitions and investment trends, Vouch \/\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-04152023\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-15T14:25:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-15T14:25:45+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-04152023\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-04152023\/\",\"name\":\"3 Things - Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview - Wikifri\",\"isPartOf\":{\"@id\":\"https:\/\/www.wikifri.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.wikifri.com\/3-things-04152023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.wikifri.com\/3-things-04152023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png\",\"datePublished\":\"2023-04-15T14:25:03+00:00\",\"dateModified\":\"2023-04-15T14:25:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.wikifri.com\/#\/schema\/person\/75ab87b680160989e5b14d7bc3b380aa\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.wikifri.com\/3-things-04152023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.wikifri.com\/3-things-04152023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-04152023\/#primaryimage\",\"url\":\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things.png\",\"contentUrl\":\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things.png\",\"width\":1200,\"height\":627},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-04152023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.wikifri.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"3 Things – Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.wikifri.com\/#website\",\"url\":\"https:\/\/www.wikifri.com\/\",\"name\":\"Wikifri\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.wikifri.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.wikifri.com\/#\/schema\/person\/75ab87b680160989e5b14d7bc3b380aa\",\"name\":\"Nick Coenen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wikifri.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dcb63dc6a3520b81be1123dfa02d627?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dcb63dc6a3520b81be1123dfa02d627?s=96&d=mm&r=g\",\"caption\":\"Nick Coenen\"},\"url\":\"https:\/\/www.wikifri.com\/author\/nickc\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"3 Things - Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview - Wikifri","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wikifri.com\/3-things-04152023\/","og_locale":"en_US","og_type":"article","og_title":"3 Things - Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview - Wikifri","og_description":"Hello Friends!\u00a0 This week we are following insurtech acquisitions and investment trends, Vouch \/","og_url":"https:\/\/www.wikifri.com\/3-things-04152023\/","og_site_name":"Wikifri","article_published_time":"2023-04-15T14:25:03+00:00","article_modified_time":"2023-04-15T14:25:45+00:00","og_image":[{"url":"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png"}],"author":"Nick Coenen","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nick Coenen","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.wikifri.com\/3-things-04152023\/","url":"https:\/\/www.wikifri.com\/3-things-04152023\/","name":"3 Things - Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview - Wikifri","isPartOf":{"@id":"https:\/\/www.wikifri.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.wikifri.com\/3-things-04152023\/#primaryimage"},"image":{"@id":"https:\/\/www.wikifri.com\/3-things-04152023\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png","datePublished":"2023-04-15T14:25:03+00:00","dateModified":"2023-04-15T14:25:45+00:00","author":{"@id":"https:\/\/www.wikifri.com\/#\/schema\/person\/75ab87b680160989e5b14d7bc3b380aa"},"breadcrumb":{"@id":"https:\/\/www.wikifri.com\/3-things-04152023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wikifri.com\/3-things-04152023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wikifri.com\/3-things-04152023\/#primaryimage","url":"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things.png","contentUrl":"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things.png","width":1200,"height":627},{"@type":"BreadcrumbList","@id":"https:\/\/www.wikifri.com\/3-things-04152023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.wikifri.com\/"},{"@type":"ListItem","position":2,"name":"3 Things – Insurtech Acquistions & Investment Trends, Vouch \/ Corvus Partnerships, Q1 Results Preview"}]},{"@type":"WebSite","@id":"https:\/\/www.wikifri.com\/#website","url":"https:\/\/www.wikifri.com\/","name":"Wikifri","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wikifri.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.wikifri.com\/#\/schema\/person\/75ab87b680160989e5b14d7bc3b380aa","name":"Nick Coenen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wikifri.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dcb63dc6a3520b81be1123dfa02d627?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dcb63dc6a3520b81be1123dfa02d627?s=96&d=mm&r=g","caption":"Nick Coenen"},"url":"https:\/\/www.wikifri.com\/author\/nickc\/"}]}},"_links":{"self":[{"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/posts\/993"}],"collection":[{"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/comments?post=993"}],"version-history":[{"count":1,"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/posts\/993\/revisions"}],"predecessor-version":[{"id":994,"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/posts\/993\/revisions\/994"}],"wp:attachment":[{"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/media?parent=993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/categories?post=993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wikifri.com\/wp-json\/wp\/v2\/tags?post=993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}