“For companies selling long-term care insurance, these tests could be a disaster, sending risky patients in search of policies even as those with fewer risks shy away, damaging an already fragile business.”
At the higher end of the genetic testing market is Human Longevity, which two months ago announced a partnership with life insurer MassMutual to offer discounted whole genome sequencing for its policyholders and employees.
We chatted with Gareth Ross, MassMutual’s Chief Digital and Customer Experience Officer, about their partnership with Human Longevity and the ultimate promise of developments like the HL partnership for the life insurance industry.
We’ve seen several startups in the ~$14B title insurance space announce investments as of late.
Spruce – A New York-based startup hoping to offer cheaper and faster title insurance by using tech to research and process contracts. Spruce has raised $4.5M from investors including Bessemer Venture Partners and is currently in 11 states.
States Title – An unlaunched San Francisco-based startup looking to “simplify and expedite services like title insurance.” States Title has raised $10.2M from investors including Foundation Capital and Fifth Wall Ventures.
SafeChain – An Ohio-based startup claiming to build “peer to peer products for the title industry.” SafeChain has raised $100K toward a $1.2M debt offering.
Qualia – Qualia provides cloud settlement software streamlining the title and escrow process. Qualia raised $7.1M in 2015 from investors including 8VC and Bienville Capital.
State of Auto Tech
Want to catch up on all the recent developments in the auto tech vertical? My colleague Kerry Wu this week put together a great presentation on the state of auto tech.