The auto insurance industry is one that’s almost as old as the automobile industry itself. To be specific, it dates back to 1897, when Gilbert J. Loomis of Dayton, Ohio purchased the first ever auto insurance policy from the Travelers Insurance Company. Since then, as automobile ownership has exploded, and various jurisdictions have made auto […]
Do you remember the last time you purchased an item at Best Buy? If you do, you might remember when they pitched an extended warranty program during check-out. But in this day and age, you end up purchasing from other e-commerce sites, where pricing is better and the smaller outfits rarely offer warranty programs. But Clyde […]
Today, we speak with Rashmi Melgiri, cofounder of CoverWallet, the data-powered, online insurance management platform for small businesses. Before founding the company in 2015, Melgiri primarily worked in management consulting focused on TMT. For her work at CoverWallet, she was recently named to the 2018 Crain’s New York 40 under 40 list and CoverWallet is thriving, having raised more than $35M in funding from top tier investors that include Union Square Ventures, Index Ventures, Two Sigma, and Foundation Capital. Melgiri received both her undergrad degree and MBA from MIT and is extremely active in the MIT community, speaking at numerous events including the StartMIT conference, which enables innovative MIT alumni to help guide student entrepreneurs.
It’s shocking that it can take over 6 months for retailers to launch a warranty program, but thankfully that is all about to change with the Mulberry Platform. This platform is a plug-and-play solution that enables retailers to offer low-cost product insurance. In less than an hour, e-commerce retailers can have a fully functioning warranty […]
The freelance economy is all around us and it is growing rapidly every single day. In fact, over 60 million people are expected to be their own boss by 2020. While this seems great, it does come with a downside; potential clients are unlikely to hire these workers if they don’t have business insurance. Moreover, […]
Did you know that nearly a quarter of Manhattan rental applications are rejected? Having the 7th highest rejection rate in the country, you need to make sure that you can prove that you’ll be a reliable tenant. TheGuarantors is an innovative insurtech service providing renters that may not normally qualify with stringent guidelines with a rental lease […]
According to a recent McKinsey study published last year, the small commercial market for insurance has good potential for growth but it’s fragmented and competitive. The largest player in the space only commands 6% of total premiums with ~50% of premiums split between 11 carriers. Carries are scrambling to differentiate themselves and secure more market […]