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Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs

TechCrunch

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. The company — based out of Pleasanton and active so far only in the U.S.

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Southeast Asia insurtech Igloo increases its Series B to $46M

TechCrunch

Igloo develops its insurance products and then partners with insurers who underwrite their policies. Igloo currently works with 20 global, regional and local insurers across Southeast Asia. It distributes its insurance products through partnerships, and is partnered with over 55 companies in 7 countries.

Insurance 236
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Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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Digital listening reveals 3 leading innovation drivers

CIO

In six short months, ChatGPT propelled artificial intelligence (AI) into the minds and imaginations of the masses more than any other development since the term “AI” was coined in 1956. Gaming: Companies behind popular video games argue that their virtual worlds are the closest thing resembling a “metaverse” on the market.

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Battery Ventures Sees AI’s Massive Impact On Tech, And It’s Here Already

Crunchbase News

Editor’s note: This article is part of an ongoing series in which Crunchbase News interviews active investors in artificial intelligence. Prior to Battery, he was the managing director for cloud and big data investments at Intel Capital , the active investment arm of semiconductor company Intel.

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Machine Learning: Unlocking the Next for Insurers

Coforge

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Nowports streamlines LatAm’s shipping to deliver a $1.1B valuation

TechCrunch

Over time, it has expanded its offerings and now also automates insurance policies for, and provides inventory financing, to its clients. . The move, in addition to offering cargo insurance, is part of Nowport’s goal to serve as a one-stop shop for the companies it serves.

Fintech 186