Root Inc. (NASDAQ: ROOT) has extended its exclusive embedded insurance partnership with online used-vehicle retailer Carvana Co. (NYSE: CVNA) to at least August 2028, the companies announced Sept. 1. The program has sold more than 200,000 policies since launching in 2022. The product, Carvana Insurance Built with Root, places an auto insurance quote inside Carvana’s […]
Jaguar Land Rover and Allianz Partner to Provide Month of Complimentary Insurance on New Vehicles in Europe
JLR and Allianz Partners have announced the launch of an embedded insurance program, to enhance the purchasing experience for Range Rover, Defender, Discovery and Jaguar clients across Europe. The new program, Simply Drive, to give clients instant and complimentary to insurance for the first month on new Range Rover, Defender, Discovery and Jaguar purchases. The […]
Conning Report Says Auto Insurance Ripe for Disruption as Vehicle Manufacturers Enter Business
Investment management company sees opportunities for manufacturers in $179 billion personal auto insurance market. Conning, the investment management firm serving the insurance industry, says in a new report that embedded insurance, through which insurance products are distributed by non-insurance brands, could make significant inroads into both personal lines and small commercial insurance business, exceeding $70 […]