Electric car startup Rivian launches own insurance

What to read today: The US Wealth Management Ecosystem: This report details the drivers of digital transformation within wealth management and how incumbent wealth managers can overhaul their front, middle, and back offices to upgrade their offerings and meet customer demands. Additionally, it examines the strategies incumbents are finding to digitize successfully, and highlights some key trends Insider Intelligence expects will shape such transformations going forward..

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April 24, 2021 Rivian unveils proprietary and usage-based insurance program. Electric truck startup Rivian launched its own insurance coverage across 40 states, which are underwritten by third-party carriers. Rivian Insurance can be accessed during the startup's digital ordering process, and users can extend coverage to their homes, recreational equipment, and other vehicles. Rivian is using its digital safety features and connected car system to offer a personalized and competitively priced insurance program. Tech-focused car firms unveiling their own insurance poses a direct competitive threat to insurtechs—but it also presents partnership opportunities. Insider Intelligence's Victor Chatenay has the full story. BRIEFING HIGHLIGHTS Major retailers look to ramp up fulfillment and delivery efforts Kroger, Target, and Walmart each introduced new initiatives to enable more efficient fulfillment and faster delivery. Read More → Truist launched pilot of its final digital platform in Q1 Limiting its presence in the physical channel while spending hard on digital is an ongoing theme in Truist's strategy. Read More → Blend files for IPO to help remain lending software provider of choice US-based Blend submitted the application to the Securities and Exchange Commission last week. Read More → PayPal makes moves in crypto space and China's payments market PayPal announced plans to move into the Chinese payments market and expand into the crypto space with new Venmo capabilities. Read More → Amazon brings hand-scanning payments tech to Whole Foods Amazon is bringing Amazon One to Whole Foods stores in Seattle and plans to roll out the system in more Whole Foods locations throughout the area. Read More → Paperless bill payments are increasing across all generations Approximately 3 in 4 adults in the US and Canada across all generations will switch at least one bill to paperless payment in 2021. Read More → How the biggest mobile P2P payment players stack up The mobile peer-to-peer (P2P) space has grown in popularity over the years, thanks in large part to three key players. Read More → Venmo's crypto trading foray intensifies neobank threat Venmo is offering users the ability to buy, hold, and sell four types of crypto—the latest move making Venmo a growing competitive threat to neobanks. Read More → NatWest brings back its SMB incubator program NatWest relaunched its small and medium-sized business (SMB) accelerator last week after shifting to an all-virtual model in response to the pandemic. Read More → Affirm and Splitit take steps to increase growth in the US Affirm purchased Returnly, and Splitit launched a gateway—two moves that could extend merchant reach as BNPL popularity surges. Read More → RESEARCH IN FOCUS The US Wealth Management Ecosystem This report details the drivers of digital transformation within wealth management and how incumbent wealth managers can overhaul their front, middle, and back offices to upgrade their offerings and meet customer demands. Additionally, it examines the strategies incumbents are finding to digitize successfully, and highlights some key trends Insider Intelligence expects will shape such transformations going forward. Get the full report → The Rise of Real-Time Payments Faster payments are attracting greater interest from US financial institutions (FIs), businesses, and consumers, creating new challenges and opportunities for payments incumbents. Insider Intelligence defines real-time payments (RTP) while also considering the other recently introduced speedy settlement options that fall under the broader umbrella of faster payment options. Get the full report → Social Commerce 2021 The pandemic-driven ecommerce boom has helped accelerate the growth of social commerce in the US. The market is poised for continued gains as key social commerce platforms advance their shopping and checkout capabilities. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2021 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036