Coterie Insurance adds cyber coverage to platform

Insurtech managing general agent Coterie Insurance has added cyber coverage to its platform by partnering with Berkley Re Solutions and TransUnion. The collaboration integrates Berkley Re’s cyber insurance offerings and TransUnion’s TruEmpower Cyberscout services.

Bobbie Collies, chief insurance officer at Coterie, noted: “Our agents and brokers have been asking for expanded coverage options as small businesses are at risk for numerous perils, including increasingly becoming targets for cybercriminals.

“Now Coterie users can easily add cyber insurance to new policies quickly and efficiently, further safeguarding their small business clients.”

The proposition features comprehensive support, including claims management, incident forensics, response services, mobile notifications, a customer web portal with cybersecurity tips, and a free “Business Security Self-Assessment” survey.

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Coterie Insurance Enables Instant Business Insurance with BTIS

Coterie Insurance, the MGA insurtech simplifying small business insurance, today announced an updated BOP integration with Builders & Tradesmen’s Insurance Services Inc. (BTIS). Through this partnership, BTIS users can now instantly quote and bind small business BOP insurance with Coterie.

“We’re thrilled to expand access to our simplified quoting and binding by integrating with BTIS,” said Jeremie Dobnikar, Enterprise Account Manager at Coterie. “As we put agents first in all we do, connecting with BTIS directly, rather than through another partner, means we’re continuing to make small business insurance easier for everyone.”

With 94 percent of all small business insurance being bound through an insurance agent or broker, Coterie is dedicated to simplifying the process for America’s insurance professionals. Coterie’s platform enables agents and brokers to obtain bindable quotes in less than 90 seconds. The process is straightforward and easy for new users, including those newer to small commercial insurance, to get up and running.

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EGYM, a connected fitness startup conceived after the founder hit a wall at the gym, lands $200M at a $1.2B+ valuation

Getting healthy is big business these days. Now a startup that’s come up with a unique approach leveraging tech to help people with their exercise regimes is announcing a big round of funding, putting some weight behind its own push for growth. 

Munich-based EGYM — a startup taking a vertically-integrated approach to connected fitness — has closed a Series G round of just over $200 million from L Catterton and Meritech, both new backers of the startup.

The funding is coming in at a post-money valuation of more than $1.2 billion, CEO and founder Philipp Roesch-Schlanderer confirmed to TechCrunch in an interview, and it will be used in a couple of key areas.

The company has several products and services that it sells and develops in tandem. There are connected workout stations that it sells to gyms, and the software that runs on those machines that people exercising can use to better understand what they are doing and getting out of their exertions. There is a marketplace where EGYM connects those gyms to companies that are building out their own wellness programs for their employees. And most recently, there is a new AI-powered personal assistant that EGYM has launched that individuals users can access to help them track their activity and offer more suggestions to improve their activity and outcomes.

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Digbi Health Introduces Industry-First Medically Managed Weight Loss Program that Leverages Precision Biology to Improve GLP-1 Drug Effectiveness, Adherence, and Tapering

PALO ALTO, Calif.--(BUSINESS WIRE)--Digbi Health expands its award-winning multi-condition telehealth platform with the introduction of a comprehensive solution that leverages genetic insights, gut microbiome analysis, and continuous glucose monitors (CGMs) to improve the effectiveness of GLP-1 drugs and guarantee successful medication tapering.

Key Features of Digbi Health’s Medically Managed Program:

• Comprehensive GI Health Screening and Care: The program offers in-depth GI clinical assessments, tracking, and at-home gut microbiome testing to address GI adverse effects that impact the adherence and effectiveness of GLP-1s.

• Personalized Treatment: Digbi uses GLP-Fit (tm) to determine the best treatment path and delivers personalized care. The program provides AI-supported real-time nutritional guidance to improve muscle and glucose health.

• Convenience and adaptability: Patients can access their existing physicians or access Digbi Health’s telehealth platform for GLP-1 prescriptions and clinical care. The program accommodates both branded and compounded GLP-1 drugs, ensuring tailored care to meet the needs of employers, physicians, and patients.

“At Digbi Health, we leverage the gut microbiome to boost the body’s natural production of GLP-1, enabling patients to taper off medication while maintaining their health and weight loss,” said Ranjan Sinha, CEO of Digbi Health. “Our ability to combine obesity, GI, and cardiometabolic care into a single platform simplifies management for employers, increases care utilization, and reduces ER visits.”

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DailyPay Announces International Expansion into the United Kingdom

NEW YORK, Sept. 23, 2024 /PRNewswire/ -- DailyPay, a United States-based worktech company and leading provider of earned wage access (EWA), is expanding globally. Beginning this fall, DailyPay, an award-winning provider of EWA services, will have an EWA offering available in the United Kingdom, marking the company's first foray outside the U.S.

At launch, the program will be offered to DailyPay clients with operations in the U.K.

"Expanding internationally aligns with our goal to bring earned wage access to everyone, everywhere," said Josh Durodola, Vice President of International at DailyPay. "Many of our clients and partners are multinational, and they have increasingly expressed the need to offer this valuable benefit to their employees beyond the U.S. We are thrilled to bring this financial wellness tool to U.K. workers, empowering them to take control of their earned pay and improve their financial well-being."

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