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Corporation
FINANCIAL | Insurance / Property & Casualty
libertymutual.com

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Investments

6

Portfolio Exits

2

Partners & Customers

10

About Liberty Mutual Group

Liberty Mutual Group is an American diversified global, property and casualty insurer. It offers insurance to both businesses and individuals.

Liberty Mutual Group Headquarter Location

175 Berkeley St

Boston, Massachusetts, 02116,

United States

800-426-9898

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CB Insights Intelligence Analysts have mentioned Liberty Mutual Group in 1 CB Insights research brief, most recently on Aug 12, 2020.

Latest Liberty Mutual Group News

$43 Billion Usage-Based Insurance Global Market To 2030 - Identify Growth Segments For Investment

Sep 10, 2021

$43 Billion Usage-Based Insurance Global Market To 2030 - Identify Growth Segments For Investment DUBLIN, Sept. 10, 2021 /PRNewswire/ -- The "Usage-Based Insurance Global Market Report 2021: COVID-19 Implications and Growth" report has been added to ResearchAndMarkets. Author: Sep 10, 2021 2:15 PM EDT This report provides strategists, marketers and senior management with the critical information they need to assess the global usage-based insurance market.This report focuses on usage-based insurance market which is experiencing strong growth. The report gives a guide to the usage-based insurance market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic. The global usage-based insurance (UBI) market is expected to grow from $34.53 billion in 2020 to $43.31 billion in 2021 at a compound annual growth rate (CAGR) of 25.4%. The change in growth trend can be attributed to the growing demand from the end-user industry. The market is expected to reach $104.79 billion in 2025 at a CAGR of 24.7%. Reasons to Purchase Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies. Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates. Create regional and country strategies on the basis of local data and analysis. Identify growth segments for investment. Outperform competitors using forecast data and the drivers and trends shaping the market. Understand customers based on the latest market research findings. Benchmark performance against key competitors. Utilize the relationships between key data sets for superior strategizing. Suitable for supporting your internal and external presentations with reliable high quality data and analysis Where is the largest and fastest growing market for usage-based insurance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Usage-Based Insurance market global report from the publisher answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider usage-based insurance market, and compares it with other markets. The market characteristics section of the report defines and explains the market. The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth. Market segmentations break down market into sub markets. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets. Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified. The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers. The usage-based insurance market section of the report gives context. It compares the usage-based insurance market with other segments of the usage-based insurance market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, usage-based insurance indicators comparison. Major players in the usage-based insurance market are Allianz SE, Assicurazioni Generali S.p.A., Aviva plc, Insure The Box Limited, Liberty Mutual Group, Mapfre S.A., Metromile Inc., Nationwide Mutual Insurance Company, Progressive Casualty Insurance Company, The Allstate Corporation, Cambridge Mobile Telematics, Esurance Insurance Services Inc., Modus Group LLC, Octo Group, Safeco Insurance, State Farm Automobile Mutual Insurance Company, and TrueMotion Inc.The usage-based insurance (UBI) market consists of sales of usage-based insurance services by entities (organizations, sole traders, and partnerships) that provide auto insurance services by placing monitoring devices in the vehicle. UBI is frequently powered by telematics technology, which is accessible in vehicles via a plug-in device or is pre-installed in the car system, and that can also be accessed via mobile apps and delivers insurers with a variety of data, including how far vehicle is driven, how it is driven, and where it is driven.The main vehicle types of usage-based insurance are light-duty vehicles (LDV) and heavy-duty vehicles (HDV). Light-duty vehicles are passenger cars having a maximum gross vehicle weight less than 8500 lbs while heavy duty vehicles have a higher gross vehicle weight. The different technologies include OBD-II-based UBI programs, smartphone-based UBI programs, hybrid-based UBI programs, black-box-based UBI programs and are used in various types of packages such as pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), manage-how-you-drive (MHYD). North America was the largest region in the usage-based insurance (UBI) market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Technological advancements are shaping the usage-based insurance market. Major companies operating in the usage-based insurance sector are focused on developing technological solutions for usage-based insurance to strengthen their position in the market. For instance, in June 2020, TATA AIG, an India-based general insurance company launched an AutoSafe device based on telematics technology. AutoSafe will be included in all policies and would provide personal accidental coverage of approximately $0.02 million for both the owner and the driver. The Auto Safe device is GPS-enabled and connected to a mobile app that saves all data, monitors distance traveled, and creates reports regarding the car health and driving behaviors of the policy holder.In January 2021, The Allstate Corporation a US-based insurance company has acquired National General Holdings Corp for a deal amount of $4 billion. The acquisition would enable The Allstate Corporation to grow their personal lines insurance with an increase in market share. The accident and health business of National General will further expand Allstate circle of protection. National General Holdings Corp is a US-based personal line insurance company that provides personal and commercial automobile insurance, health insurance, and other niche insurance products.The expansion of the automobile industry is expected to propel the growth of the usage-based insurance market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Car owners are interested in telematics-driven usage-based insurance since it provides low premiums for low-risk driving and high premiums for high-risk driving. As a result, by correcting their driving habits, individuals can drastically lower their insurance premiums. According to the Economist Intelligence Unit (The EIU), in 2021, the global automotive sector is expected to grow rapidly, with new car sales increasing by 15% and commercial vehicle sales increasing by 16%. Electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021. Therefore, the growth in the automobile industry drives the growth of the usage-based insurance market.The countries covered in the usage-based insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. Key Topics Covered: 1. Executive Summary 2. Usage Based Insurance Market Characteristics 3. Usage Based Insurance Market Trends and Strategies 4. Impact Of COVID-19 On Usage Based Insurance 5. Usage Based Insurance Market Size and Growth5.1. Global Usage Based Insurance Historic Market, 2015-2020, $ Billion5.1.1. Drivers Of the Market5.1.2. Restraints On the Market5.2. Global Usage Based Insurance Forecast Market, 2020-2025F, 2030F, $ Billion5.2.1. Drivers Of the Market5.2.2. Restraints On the Market 6. Usage Based Insurance Market Segmentation 7. Usage Based Insurance Market Regional and Country Analysis7.1. Global Usage Based Insurance Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion7.2. Global Usage Based Insurance Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion 8. Asia-Pacific Usage Based Insurance Market 9. China Usage Based Insurance Market 10. India Usage Based Insurance Market 11. Japan Usage Based Insurance Market 12. Australia Usage Based Insurance Market 13. Indonesia Usage Based Insurance Market 14. South Korea Usage Based Insurance Market 15. Western Europe Usage Based Insurance Market 16. UK Usage Based Insurance Market 17. Germany Usage Based Insurance Market 18. France Usage Based Insurance Market 19. Eastern Europe Usage Based Insurance Market 20. Russia Usage Based Insurance Market 21. North America Usage Based Insurance Market 22. USA Usage Based Insurance Market 23. South America Usage Based Insurance Market 24. Brazil Usage Based Insurance Market 25. Middle East Usage Based Insurance Market 26. Africa Usage Based Insurance Market 27. Usage Based Insurance Market Competitive Landscape and Company Profiles27.1. Usage Based Insurance Market Competitive Landscape27.2. Usage Based Insurance Market Company Profiles27.2.1. Allianz SE27.2.1.1. Overview27.2.1.2. Products and Services27.2.1.3. Strategy27.2.1.4. Financial Performance27.2.2. Assicurazioni Generali S.p.A.27.2.2.1. Overview27.2.2.2. Products and Services27.2.2.3. Strategy27.2.2.4. Financial Performance27.2.3. Aviva plc27.2.3.1. Overview27.2.3.2. Products and Services27.2.3.3. Strategy27.2.3.4. Financial Performance27.2.4. Insure the Box Limited27.2.4.1. Overview27.2.4.2. Products and Services27.2.4.3. Strategy27.2.4.4. Financial Performance27.2.5. Liberty Mutual Group27.2.5.1. Overview27.2.5.2. Products and Services27.2.5.3. Strategy27.2.5.4. Financial Performance 28. Key Mergers and Acquisitions in the Usage Based Insurance Market 29. Usage Based Insurance Market Future Outlook and Potential Analysis 30. AppendixFor more information about this report visit https://www.researchandmarkets.com/r/jtbjby Media Contact: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 View original content: https://www.prnewswire.com/news-releases/43-billion-usage-based-insurance-global-market-to-2030---identify-growth-segments-for-investment-301373414.html

Liberty Mutual Group Investments

6 Investments

Liberty Mutual Group has made 6 investments. Their latest investment was in Omnidian as part of their Series B on September 9, 2021.

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Liberty Mutual Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series B

Omnidian

$33M

Yes

4

9/2/2021

Series A

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$99M

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10

4/8/2021

Growth Equity - III

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$99M

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10

7/16/2020

Grant

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$99M

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10

3/27/2018

Seed

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$99M

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10

Date

9/22/2021

9/2/2021

4/8/2021

7/16/2020

3/27/2018

Round

Series B

Series A

Growth Equity - III

Grant

Seed

Company

Omnidian

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Amount

$33M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

4

10

10

10

10

Liberty Mutual Group Portfolio Exits

2 Portfolio Exits

Liberty Mutual Group has 2 portfolio exits. Their latest portfolio exit was Liberty Mutual Insurance - US Product Recall & Special Contingency Business Renewal Unit on January 30, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/30/2018

Divestiture

1

00/00/0000

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$991

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10

Date

1/30/2018

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

Liberty Mutual Group Acquisitions

6 Acquisitions

Liberty Mutual Group acquired 6 companies. Their latest acquisition was AmGeneral Insurance on July 19, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/19/2021

Acquired

4

7/12/2021

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$99M

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10

10/7/2019

Acquired

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$99M

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10

4/15/2019

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$99M

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10

12/18/2018

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$99M

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10

Date

7/19/2021

7/12/2021

10/7/2019

4/15/2019

12/18/2018

Investment Stage

Acquired

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

4

10

10

10

10

Liberty Mutual Group Partners & Customers

10 Partners and customers

Liberty Mutual Group has 10 strategic partners and customers. Liberty Mutual Group recently partnered with SecurityScorecard on May 5, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

5/21/2021

Partner

SecurityScorecard

United States

Liberty Mutual partners SecurityScorecard on cyber threat assessment

Liberty Mutual Insurance 's partnership with SecurityScorecard aims to provide cybersecurity analysis and recommendations to help beef up security .

2

5/5/2021

Partner

TuSimple

United States

TuSimple : and Liberty Mutual Insurance Partner to Study the Safety Benefits of Autonomous Trucks

SAN DIEGO , May 5 , 2021 / PRNewswire / -- TuSimple , a global self-driving technology company based in San Diego , California , and Liberty Mutual Insurance , the sixth largest global property and casualty insurer , announced a partnership to assess the comparative safety of autonomous trucks .

2

10/19/2020

Vendor

CoreLogic

United States

Liberty Mutual Selects CoreLogic for Deployment of New Property Estimation Platform

IRVINE , Calif. -- -- CoreLogic , Inc. ® , a leading global property data and analytics-driven solutions provider , today announced that Liberty Mutual Insurance , a global leader in the property and casualty insurance market , has selected CoreLogic , Inc. for deploying a next-generation , cloud-based property estimation platform to further position itself as a leader in the property insurance market .

4

10/1/2020

Client

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10

8/7/2020

Partner

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10

Date

5/21/2021

5/5/2021

10/19/2020

10/1/2020

8/7/2020

Type

Partner

Partner

Vendor

Client

Partner

Business Partner

SecurityScorecard

TuSimple

CoreLogic

Country

United States

United States

United States

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News Snippet

Liberty Mutual partners SecurityScorecard on cyber threat assessment

Liberty Mutual Insurance 's partnership with SecurityScorecard aims to provide cybersecurity analysis and recommendations to help beef up security .

TuSimple : and Liberty Mutual Insurance Partner to Study the Safety Benefits of Autonomous Trucks

SAN DIEGO , May 5 , 2021 / PRNewswire / -- TuSimple , a global self-driving technology company based in San Diego , California , and Liberty Mutual Insurance , the sixth largest global property and casualty insurer , announced a partnership to assess the comparative safety of autonomous trucks .

Liberty Mutual Selects CoreLogic for Deployment of New Property Estimation Platform

IRVINE , Calif. -- -- CoreLogic , Inc. ® , a leading global property data and analytics-driven solutions provider , today announced that Liberty Mutual Insurance , a global leader in the property and casualty insurance market , has selected CoreLogic , Inc. for deploying a next-generation , cloud-based property estimation platform to further position itself as a leader in the property insurance market .

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Sources

2

2

4

10

10

Liberty Mutual Group Team

12 Team Members

Liberty Mutual Group has 12 team members, including current Chief Financial Officer, Tom Kalmbach.

Name

Work History

Title

Status

Tom Kalmbach

Chief Financial Officer

Current

Gary Fischer

Senior Vice President

Current

Roopam Asthana

Chief Executive Officer

Former

Dennis Levesque CPCU CIC

President

Former

Mark Moitoso

Chief Financial Officer, Executive Vice President, Senior Vice President

Former

Name

Tom Kalmbach

Gary Fischer

Roopam Asthana

Dennis Levesque CPCU CIC

Mark Moitoso

Work History

Title

Chief Financial Officer

Senior Vice President

Chief Executive Officer

President

Chief Financial Officer, Executive Vice President, Senior Vice President

Status

Current

Current

Former

Former

Former

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