Voyager Global Mobility (VGM), a leading provider in the rideshare vehicle sector, is revolutionizing driver safety and operational costs in collaboration with SafeMode, a pioneer in behavioral analytics technology. Utilizing innovative, data-driven strategies, the partnership has successfully enhanced road safety by dramatically reducing accidents and operational costs across VGM’s global fleet of 15,000 vehicles. Impressive Results and Forward-Looking Strategies The collaboration between VGM and SafeMode has led to a 37% reduction in speeding durations and a 52% decrease in overall safety violations. These improvements have significantly lowered insurance costs and expenses related to damages and repairs, setting a new standard…

bolttech, a fast-growing global InsurTech company, has successfully secured a $50m venture debt facility from HSBC. The financing will support bolttech’s strategic growth, allowing the company to expand its market presence, enhance its technology and product capabilities, and increase its operational flexibility, according to InsurTech Insights. The $50m facility comes from HSBC, which has provided the funding as a tailored venture debt solution designed to meet the needs of high-growth companies. Jonathan Yip, Managing Director of Innovation Banking at HSBC, stated, “We are pleased to offer our venture debt solution to bolttech as they accelerate their growth journey. The bespoke facility structure…

The recent ITC conference in Las Vegas was a celebration for the insurance and insurtech industries. As a global gathering of industry leaders, investors, and startups, it provided a unique platform for innovation and networking. The conference was a resounding success, drawing over 8,000 attendees from across the globe. The event featured a diverse range of speakers, panels, and workshops, covering the latest trends and innovations in the insurance and insurtech industries. The dedicated Israeli startup pavilion was a standout feature, attracting significant attention and fostering valuable connections. Three key trends emerged from the ITC conference: artificial intelligence, employee benefits,…

Honeycomb Insurance, a leading managing general agent (MGA) specialising in landlord and condo association insurance, has broadened its reach into Washington and Maryland, meaning the firm now insures over $35bn in assets. This move brings Honeycomb’s active coverage areas to a total of 18 states, reaching over 60% of the U.S. population, according to FF News. The company is now operating across states including Arizona, California, Connecticut, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Texas, Utah, Virginia, Washington, and Wisconsin. The decision to expand geographically and launch the new E&S program aligns with Honeycomb’s goal of…