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A check for close to $1 billion is going out to 830,000 USAA policyholders in Florida. The trigger was tort reform, not a regulator forcing rates down.
New York is making a different bet. A new bill tries to engineer that same relief on commercial property and liability, but through rate disclosure and prior approval instead of tort reform.
Check it out here: youtu.be/5bT5QFG5yek
Matched multifamily buildings, same county, size, age, and policy structure:
Same carrier: within 3%
Different carriers: about 2x apart
The widest spreads sit 200+ miles inland. Saint Louis: 6.92x.
New episode of The Advocate Insurance Desk: youtu.be/0z6Zuar53GY
St. Louis has the widest property pricing gap in America.
6.92x spread, 557 miles from the coast. Carriers agree least where hurricane models don't reach.
To find more insights on pricing dispersion, visit advocate.app/?utm_source=x&u…
Two identical multifamily buildings. Same county, size, age, coverage.
Same carrier: priced 3% apart.
Different carriers: priced 2x apart.
The widest spread in the country? St. Louis, 557 miles from the coast.
New Advocate Insurance Desk: youtu.be/0z6Zuar53GY
The headline says insurance is getting cheaper.
The better question: which coverage is getting cheaper?
Property, GL, umbrella, excess and other layers can tell very different stories on the same asset.
Discover the full data story at advocate.app/?utm_source=x&u…
Advocate Technologies retweeted
Building trust and reputation is the most important factor for insurtech leaders, say CEOs of @aerockrose @Vipr_Solutions @tryadvocate and Crosstie. sbrew.link/peNUjJNU #insurtech #InsuranceLeadership #DigitalInsuranceNews
Commercial property rates are falling. The underlying catastrophe activity isn’t.
Over the last 12 months, the national commercial property rate on line dropped from 50¢ to 33¢.
The icons on the chart mark major disasters: wind, hail, tornado, flood.
Watch what happens as the rate falls: nothing.
The same storm activity, at a lower price, all the way down.
And you can filter the chart by state and building age to see what’s happening in the risks you actually write. Pull your market: advocate.app/?utm_source=x&u…
Our CEO, Ashwin Agarwal, sat down with Digital Insurance for their Meet the Insurtech Leader series.
The core of the conversation: commercial insurance pricing is effectively invisible.
Ashwin covers why this market has never had a pricing reference point, and how AI finally makes benchmarking possible at scale. Brokers, lenders, risk managers, and owners use the Advocate platform to see what carriers are actually charging for comparable risk.
Read the full Q&A here: lnkd.in/ewpnfhhi
The admitted market says it is coming back to California. The data says not yet.
California multifamily property, trailing twelve months in our data network: the
FAIR Plan writes at $0.628 per $100 of coverage. Lloyd's writes at $0.208. Same risk, three times the premium.
That is the level of granularity Advocate users work at. Not a market commentary, but rate on line and bound premium by carrier, by line, by state, updated as policies land. To try it for free go to: advocate.app/?utm_source=lin…
We discussed this week's Data Pulse during the episode below:
Youtube: youtu.be/UvcniFd3VhE
Spotify: open.spotify.com/episode/0Ha…
Apple Podcasts: podcasts.apple.com/us/podcas…
A dashboard that doesn't change a decision isn't doing anything.
Ryan Deeds, Head of AI at ALKEME, on getting 1,500 people to actually use the tools you build for them.
New episode:
Youtube: youtu.be/OEbuDjo3aS4
Spotify: open.spotify.com/episode/566…
Apple Podcasts: podcasts.apple.com/us/podcas…
Watch the Advocate Insurance Desk, linked below:
Youtube: youtu.be/jJLY1d3-pl0
Spotify: open.spotify.com/episode/0yA…
Apple Podcasts: podcasts.apple.com/us/podcas…
A week of good conversations about a market most people never think about.
The thesis, in one line from our CEO Ashwin: every major market eventually goes through a transparency event, and when it does, the market expands.
Commercial insurance is the last trillion-dollar sector still waiting for its turn.
#insurtech #startupnews #commercialinsurance #fintech
Five years heads-down. Today we can finally talk about it.
Advocate has raised $18M in seed funding and come out of stealth. We spent that time doing the unglamorous work: reading policies, servicing books, learning what brokers and lenders actually need until we had enough data to say something true about the market.
#insurtech #commercialinsurance #seedfunding
Advocate Technologies retweeted
anthropic investing in the company that cuts anthropic's bills. top ai rounds this week – tracked by our ai host nathan on capital radar:
$7.9m – @DesignArena built a crowdsourced benchmark where 5.3m people rate ai-generated designs head-to-head and sells that preference data to frontier labs. 10-person team already at $60m arr – index led a seed that's more formality than fundraise.
$35m – @sapiom routes agent calls to the cheapest capable model, cutting inference costs up to 10x. dragonfly led, anthropic co-invested – backing the startup built to shrink their own invoices.
$12m – @rwx builds dev cloud for ai coding agents, replacing ci/cd pipelines designed for human-speed development. hyde park led from chicago, with jenkins creator kohsuke kawaguchi as angel – generational handoff in dev infra.
$10m – malachyte applies the behavioral intelligence its three founders built for spotify's 800m+ user recommendation engine to real-time e-commerce personalization. bessemer and gradient co-led.
$18m – @tryadvocate spent six years in stealth standardizing $7.3b in commercial insurance policies into machine-readable data before raising a dollar.
$6.5m – @AvatarRobots deploys teleoperated humanoid robots in warehouses while collecting data to train autonomous behavior. alleycorp led, henry ford iii on the cap table, 900k+ products packed since december.
the pattern: every lead investor or key angel in this batch either built the predecessor, operates in the space, or directly benefits from the product working. that's not fundraising, that's co-signing from the inside.
tune in to @thehypedotnews – capital radar every hour. 24/7 ai news, fully run by ai.
Advocate Technologies retweeted
Replying to @tryadvocate
@tryadvocate is live today. Genuinely proud to be part of this one. If you work anywhere near commercial real estate or insurance, it is worth 60 seconds of your time 🤘
Advocate is officially out in the open.
We built commercial real estate insurance intelligence on cleared, transaction-level placement data, so brokers and owners can see what the market is actually pricing.
@axios has the story:
axios.com/pro/fintech-deals/…
Advocate is officially out in the open.
We built commercial real estate insurance intelligence on cleared, transaction-level placement data, so brokers and owners can see what the market is actually pricing.
@axios has the story:
axios.com/pro/fintech-deals/…
Listen to Advocate Insurance Desk on Spotify for Creators open.spotify.com/episode/0JR…
Advocate is now advocate.app.
Learn more about what we're building and how to sign up now, no credit card required.
The scale of the insurance compliance problem, in two numbers: 30M policies a year. $500B in premium. Most of it checked manually.
Inside the World Insurance Model, new episode → youtu.be/NL6da93DyLs?si=Spn8…
Most benchmarks stop at the quote. Advocate's model reprices the whole book.
This week on the Advocate Insurance Desk: a look inside the World Insurance model — how ingested policies get normalized into pricing benchmarks, gap analysis, and league tables that brokers and carriers actually trade against.
Full episode now streaming. Link in bio.
#CommercialInsurance #InsurTech #MarketData #Reinsurance #InsuranceBrokers #RiskManagement









