HSCM focuses on core economic sectors that are likely to outgrow global GDP, offer low correlations with broader markets, and are experiencing a shift from balance sheet and to market financing. The call may also be accessed by dialing (877) 407-0789 for domestic callers or (201) 689-8562 for international callers. Visit website J.P. Morgan Securities LLC is serving as exclusive financial advisor to Metromile, and Cooley LLP is serving as legal counsel to Metromile in connection with the transaction. Digital insurance: Opportunities and challenges for insurance companies in the digital world Mar 19, 2020 I Sascha Langfus (Insurance Expert & SVP Sales Europe) For a long time, insurance companies were not taking advantage of the opportunities offered by digitization. Leverage digital advertising to acquire leads. This document shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination. Read more. Top Digital Insurance Companies. Redefining Insurance Through Learning and Curiosity. Garrett Edson, ICRir@metromile.com646-277-1889, Rick Chen, MetromileDoug Donsky, ICRpress@metromile.com 415-676-7744, Amanda Abrams aabrams@cohenandcompany.com 215-701-9693, _______________________________1 Customers who reported savings when switching to Metromile, as of 2018, Philadelphia, Pennsylvania, UNITED STATES. Digital innovation is key to winning customers and create new revenue streams. In addition, through Metromile Enterprise, it licenses its technology platform to insurance companies around the world. In this workforce trends post-pandemic special release report, we'll examine how HR and people leaders' future success lies in the ability to address four key trends. Digital marketing can benefit insurance companies in many ways. The insurance industry is on its way to digital transformation. Here is our latest thinking on the most important digital topics disrupting the insurance industry. INSU Acquisition Corp. II and Metromile, Inc. undertake no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. As observed in a survey from Ernst & Young, “40% of … Please visit Metromile’s investor relations website www.metromile.com/investor-relations to access the webcast. Designing for digital-first consumers. Digitalization will create fascinating new possibilities for insurers. “I’ve long been a fan of Metromile’s team and amazing product. Upon closing of the transaction, the combined company will be named Metromile, Inc. and is expected to remain listed on NASDAQ under the new ticker symbol “MLE”. Digital Innovation in Insurance. The transaction will require the approval of the stockholders of INSU II and Metromile, the effectiveness of a registration statement to be filed with the Securities and Exchange Commission (the “SEC”) in connection with the transaction, and other customary closing conditions, including the receipt of certain regulatory approvals. Digital Insurance Group B.V. values your privacy. Learn about digital innovation in insurance. Metromile and INSU Acquisition Corp. II (NASDAQ: INAQ) Enter Business Combination Agreement, Transaction Includes Commitment for $160 Million PIPE Led by Social Capital, Joined by Investors Including Miller Value, Clearbridge, Hudson Structured, Mark Cuban, and New Enterprise Associates, Metromile Expanding to 49 States by Year-End 2022 and Projecting $1 Billion of Premium Run-Rate by Year-End 2024, Approximately $1.3 Billion Combined Company Pro Forma Implied Market Cap, Transaction to Provide Combined Company with up to an Estimated $294 Million in Cash to Pursue Growth Initiatives, Metromile CEO Dan Preston to Continue Leading Company, Webcast Scheduled for Today at 9:00 AM Eastern. To adapt, carriers must use more predictive analytics, increase digital offerings, and activate agents to give advice in a digitally enabled ecosystem. Metromile is a leading digital insurance platform in the United States. Company Overview Metromile is revolutionizing the fragmented $250+ billion U.S. personal auto insurance market with real-time digital auto insurance personalized for … In a recent McKinsey survey of the digital practices of more than 30 leading U.S. and European P&C and life insurers, 39 percent had not articulated a digital strategy across the customer decision journey at all. Another plus about digital insurers is that they already had processes to do everything online, including claims. Digital Insurance, Inc. is a Massachusetts Foreign Corporation filed on April 26, 2004. In response, insurers must embrace change and rethink business models to move towards a compliant, secure and digitally-enabled operating model to enhance customer, employee, partner and other stakeholder experiences. Get a Quote. Consumers have embraced—and now fully expect—digital interactions. In connection with the proposed Business Combination between Metromile, Inc. and INSU Acquisition Corp. II, INSU Acquisition Corp. II intends to file with the SEC a preliminary proxy statement / prospectus and will mail a definitive proxy statement / prospectus and other relevant documentation to INSU Acquisition Corp. II stockholders. Learn more about digital transformation in insurance, Data, Analytics, and AI for Digital Insurers. Digital insurance in 2018: Driving real impact with digital and analytics. In order to remain competitive, leaders need to rethink existing processes, structures, and methods of customer interaction. "How Insurance Companies Are Coping with Digital Transformation." Digital insurer Insurify uses artificial intelligence to provide you an auto insurance quote simply by texting a copy of your car’s license plate. The result is a community of fiercely loyal customers who enjoy far more than price savings. Digital Health and Wellness Companies. ET Claims are handled quickly and, in most cases, are fully automated. 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