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As ITC Vegas begins, the Inside P&C Research team explores the discussions needed among InsurTechs to address questions around capital, partnerships, and profitability prospects. -
The InsurTech’s stock price was down as much as 9% in after-hours trading following the announcement.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The InsurTech’s investor day presentation highlighted several measures the company is taking to turn its results around, but will they be enough?
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The firm told investors it is targeting $420mn-$450mn in revenue by 2025 from $119mn-$121mn in 2022.
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Listed InsurTech valuations have taken a battering this year as markets re-price tech stocks.
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Odyssey Group’s cyber chief Robert O’Connell is looking to raise up to $1bn of capital for a monoline cyber reinsurer.
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The executive believes the company will be able to achieve profitability without raising additional capital.
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The company attributed its Q2 performance to rate adequacy improvements and a 10% favorable loss reserve development on attritional losses from prior periods.
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Nichols served as Interim CEO and chairman of the board at Protective Insurance Company.
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The InsurTech’s announcement follows a notice from the exchange regarding its common stock falling below the $1.00 threshold over a 30-day period.
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The executive discussed InsurTech challenges, his priorities for Branch, fundraising, and his concerns about the capital markets.
