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ITA Pro Weekly, March 08, 2019

Nationwide, Armed Forces Insurance, and a LOT more news from ITA

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Hot Off the Presses!

Armed Forces Insurance Joins Roost®
Home Telematics Program


Armed Forces Insurance, an insurance company who has catered to military families for over 130 years, has joined Roost’s Home Telematics Program (HTP) in partnership with Willis Towers Watson. Armed Forces Insurance joins CFM Insurance, Encompass Insurance, State Auto Insurance and Country Financial as the first five announced HTP members. 
 
The HTP’s mission is to apply advanced analytics to reveal insights regarding the effect of home telematics on loss mitigation and member engagement. As a member, Armed Forces Insurance will deploy various kits of Roost Smart Sensors, including the Roost Smart 9V Battery (for smoke alarms) and the Roost Smart Water Leak and Freeze Detector to a set of their policyholders. These devices will deliver notifications to customers’ smartphones through a custom branded white-label app when a suspected water leak or fire event occurs.

Read more about this partnership with Armed Forces Insurance in the press release here.

 

Nationwide Partners with BlueVine to Help Business Owners Get Online Growth Financing


Nationwide is taking the next step in a venture capital investment it made last year in online small business lending company BlueVine by expanding its relationship with the company to offer BlueVine’s fast and flexible financing to small businesses through Nationwide’s Business Solutions Center. The BlueVine platform offers approvals in as fast as 10 minutes.

In addition to the relationship with and investment in BlueVine, Nationwide has continued to make considerable innovation-related investments over the past year:
 

  • Nationwide’s venture capital team has made 12 investments to date, including Socotra, Betterview, Nexar, blooom, Insurify, Next Insurance, Matic and Sure.
  • Nationwide plans to open a new innovation center in the Arena District near its Columbus-based headquarters in 2019.


“Nationwide is constantly seeking ways to partner with companies to collaborate and innovate together,” said Erik Ross, head of Nationwide’s venture capital team. “Careful, well-researched investments in companies like BlueVine enable us to brainstorm, develop and execute a new wave of solutions that drive innovation, establish mutual value and ultimately create success for our members.”

Read more about this partnership with Nationwide in the press release here.

 
 
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