South Korean Insurtech Carrot has secured BBI (Behavior Based Insurance) solution project of Lippo General Insurance, Indonesia
First Step Towards Becoming a Global Insurtech * South Korean Insurtech, Carrot General Insurance has secured project for developing data platform that encompasses comprehensive risk assessment for policyholders to eventually launch behavior based auto insurance product in Indonesia * With it...
Digital Insurer Carrot Eyes Unicorn Club as It Raises US $250M & Boosts Its Valuation to Over $850M
The recent financing round is viewed as highly notable amid lackluster market performance of publicly traded insurtechs & global recession SEOUL, South Korea, Sept. 8, 2022 /PRNewswire/ -- South Korean digital insurance carrier Carrot General Insurance ("Carrot" or the "Company") today announced...
A New App from Carrot Rewards Safe Drivers With Cash Incentives
Its advanced driving behavior analytics turn risky drivers into safe and loyal customers Carrot takes another big step forward in the development of behavioral-based UBI and dynamic pricing of premiums SEOUL, South Korea, June 8, 2022 /PRNewswire/ -- South Korea's leading InsurTech Carrot ("Car...
Carrot and Luxrobo Launch IoT Joint Venture
Internalization of IoT-telematics technology will drive Carrot to further expand applications of IoT across new insurance business opportunities IoT technology will accelerate transformation of insurance as it will empower preemptive detection of risks and real-time communication with custome...
S. Korea's Ministry of Land Appoints Carrot to Explore Potential Use of Drones for Local Government
Initiative will accelerate Carrot's R&D for incorporating drones for robust emergency responses to accident & rescue scenes With drones, fast and safe handling of the accident scene is possible, which will greatly reduce losses and lowers severity SEOUL, South Korea, May 19, 2022 /PRNewswire/ --...
InsurTech Carrot Enters Exclusive Partnership with Naver
Korea's 1st full-stack digital insurer now partners with the largest e-commerce shopping platform to distribute shipping return insurance In light of a successful pilot test, their e-commerce insurance product is likely to gain strong traction SEOUL, South Korea, May 19, 2022 /PRNewswire/ -- Car...
Carrot Executes Series of Partnership with Government Authorities
The public-private alliance aims to construct data-driven systems around safety & mobility parameters Carrot's partnerships with government units accelerate advancement of the nation's traffic safety system SEOUL, South Korea, May 18, 2022 /PRNewswire/ -- Carrot General Insurance Corp. ("Carrot...
Carrot Extends Aggressive Growth Track 1H 2022
* InsurTech Carrot adds another 100k subscribers to its PAYD in two months * The company welcomed more than 600 thousand drivers since inception two years ago * Rapidly becoming a juggernaut in the insurance industry with robust distribution & top-level retention SEOUL, South Korea, May 18, ...
Carrot-led Claims Management Joint Venture Set To Disrupt The Industry Once Again
SEOUL, South Korea, March 23, 2022 /PRNewswire/ -- Insurance technology platform Carrot General Insurance Corp. (Carrot) and two established insurance companies, Hanwha General Insurance (Hanwha) and Lotte Non-life Insurance Co. (Lotte), are uniting to revolutionizeSouth Korea's insurance claims ...
InsurTech Carrot Distributes Distance-based Auto Insurance To More Than Half A Million Consumers
SEOUL, South Korea, March 9, 2022 /PRNewswire/ -- A leading insurance technology platform Carrot General Insurance Corp. ("Carrot" or the "Company"), today announced that it has sold more than 500 thousand policies for its flagship pay-per-mile usage-based (UBI) auto insurance program. Having ...
InsurTech Carrot Continues On Its Explosive Growth Trajectory With Written Policies Surpassing 400k Mark
SEOUL, South Korea, Dec. 24, 2021 /PRNewswire/ -- Carrot General Insurance Corp. ("Carrot" or the "Company"), one of the fastest-growing South Korean InsurTech announced today that the company recently surpassed 400,000 written contracts for its pay-per-mile auto insurance program. The news foll...
Insurtech Carrot's Pay-Per-Mile Auto Insurance Surpasses 300,000 Registrations
SEOUL, South Korea, Sept. 8, 2021 /PRNewswire/ -- Seoul-based tech-driven Insurance company Carrot General Insurance Corp. ("Carrot" or the "Company") has hit another major milestone: it has crossed 300,000 subscriptions to its pay-per-mile auto insurance program. The announcement comes just 1...
Insurtech Carrot Reaches Strategic Collaboration with Korea Expressway Corporation
SEOUL, South Korea, Aug. 25, 2021 /PRNewswire/ -- A fast-growing Insurtech Carrot General Insurance Corp. ("Carrot" or the "Company") announced a memorandum of understanding (MoU) with Korea Expressway Corporation (KEC) to "co-develop a safe drive coaching platform for the drivers" in an effort t...
South Korean Insurtech Carrot Launches Pay-Per-Mile Insurance Specifically Designed For Electric Vehicles
SEOUL, South Korea, Aug. 18, 2021 /PRNewswire/ -- One of the world's leading Insurtech from South Korea Carrot General Insurance Corp. ("Carrot" or the "Company") hit its stride with the rollout of its pay-per-mile auto insurance specially designed to protect electric mobility and the owners. Th...
