Insurance giant Prudential is shutting down Assurance IQ, five years after spending $2.35 billion to acquire the under-the-radar tech startup.

Prudential Shutting Down Assurance IQ

Haven Life has been known for providing Americans with straightforward and cost-effective insurance options. Yet, like many in the direct-to-consumer life insurance sector, it has encountered obstacles such as limited customer adoption and the high expenses of acquiring new customers. These challenges, along with a strategic pivot to concentrate on more aligned and valuable initiatives for their policyholders, have prompted MassMutual to wind down operations.

MassMutual To Shut Down Haven Life By Year-End

How Life Insurance Companies May Leverage ChatGPT in Underwriting

How Life Insurance Companies May Leverage ChatGPT in Underwriting

Life Insurer John Hancock continues to expand leading health technology offerings through Vitality Program & new collaboration with Oura Ring.

John Hancock Vitality Life Insurance – Oura Ring Collaboration

According to "Global Insurtech Report" from Gallagher Re, total insurtech funding rose to $1.39 billion in Q1 2023 - Up 37.6% from Q4 2022.

Global Insurtech Funding Rises to $1.39B in Q1 [Gallagher Re]

Ethos Life Insurance Review – Pros & Cons – FAQs

Technology investment is critical to competing for—and keeping—future life insurance customers in a world that will become increasingly reliant on metaverse technologies.

New Technology – Future of Life Insurance – The Metaverse

There is no doubt, technology is here to stay— in every aspect of our lives. Life Insurance Companies embrace & adopt Insurtech Innovations, at a rapid pace. But what about YOU? If you are NOT young enough OR healthy enough to qualify, currently D2C Life Insurance Platforms offer you little-to-no options!

Insurtech – D2C Life Insurance – Pros & Cons – FAQs