Coverager Casual

This Week in Coverager (week ending 11-27-2020)


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In this episode of This Week in Coverager Shefi, Avi and Nick debated:
- Metromile to go public via SPAC acquisition
Metromile, known for its pay-per-mile feature is an auto insurer who was insurtech before insurtech was in our lexicon. This past week, Metromile announced that they would become a public company via a SPAC acquisition. We discussed what this means for Metromile and how this positions them in what is becoming a crowded area. Was there pressure on Metromile to move due to market pressures? How will Metromile differentiate and position this as Root, Just Auto, Branch, OEMs (Tesla, GM-Onstar) and legacy insurers all compete in this space? Is low-mileage TAM big enough to justify the investment? Lots of opinions and insights in this episode of This Week in Coverager.
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Coverager CasualBy Shefi Ben Hutta, Avi Ben Hutta