Real-Time Data & Funding Power Nationwide Expansion Of Metromile
Thursday, July 26th, 2018 Auto Risk Management TechnologyPay-per-mile auto insurance start-up Metromile announced earlier this week that it had secured $90 million in a round of funding led by insurance industry titans Tokio Marine Holdings and Intact Financial. With so much capital in hand, Metromile plans to expand now from the eight states it currently operates in to all 50 states, a strategy that was put on hold until the company became a full carrier in 2017.“Now that we have the infrastructure in place, we’ve spent a lot of that time building the technology for claims and for customer experience,” said Metromile CEO Dan Preston.
External References & Further Reading
https://www.insurancebusinessmag.com/us/news/breaking-news/paypermile-insurer-plans-nationwide-expansion-after-funding-from-industry-titans-107173.aspx
