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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. “This is okay for any other kind of insurance but not for cyber risk.

Insurance 260
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Navigating The Complex Waters of Insurance Executive Search: A Strategic Guide

N2Growth Blog

Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.

Insurance 164
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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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Your AI journey: Destined for the ditch?

CIO

Every executive I spoke with had just come from “briefing their board” about artificial intelligence. Guru Vasudeva, SVP and CIO of infrastructure and operations at Nationwide Insurance, is a gifted communicator advocating that one has to use the right tool for the right task. Generative AI is not the right tool for many tasks.

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Space-Based AI Shows the Promise of Big Data

Cloudera

Although researchers can recruit “citizen scientists” to help look at images through crowdsourcing ventures such as Zooniverse , astronomy is turning to artificial intelligence (AI) to find the right data as quickly as possible. As do many other industries , from retail and logistics to banking and insurance. .

Big Data 101
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5 Technology Trends Shaping up the Insurance Industry

Apiumhub

Accentuare has recently published a report, and more than 80 percent of insurers believe that innovation has to be present for businesses that want to remain relevant. Here are some technology-related investment suggestions that you can target and take your insurance business to another level. Trend #4 – Big Data Analytics.