insurtech

insurtech

How would you drive if your car insurance rate adjuster was in your passenger's seat? That question is the premise behind Just Auto Insurance, a Brentwood-based startup that offers data driven, pre-paid and pay-per-mile car insurance.

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Insurtech veteran Nelson Lee is behind a new startup digitizing life insurance — a process he promises can happen in as little as seven seconds.

For a monthly fee — premium subscriptions start at $99 — insurance agents and brokers can access iLife's database of over 500,000 policies along with the software to help them match customers with the right plans.

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Counterpart Inc., a Walnut, Calif.-based insurtech using technology and data to transform the management liability insurance market, has raised $10 million in funding led by Valor Equity Partners.

The insurtech field is wide open for startups like Counterpart and larger online insurance rival Next Insurance, which have made forays into the personal insurance market in recent years. To date, the Silicon Valley-based Next Insurance, which also provides small business liability insurance, has raised a total of $631 million.

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