TechCrunch

APRIL 12, 2022

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.

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TechCrunch

JANUARY 13, 2021

Car auto-insurance from legacy providers has structural bias built into it. It uses metrics such as credit score, income, marital status and education to figure out insurance rates, which eventually disproportionately hurts low-income individuals through high rates and low protection. How to rewrite the rules.

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TechCrunch

SEPTEMBER 15, 2021

million seed round to further its insurance payments platform that combines financing, collections and payables. While working with insurance companies they recognized how fast the insurance industry was modernizing, yet insurance sellers still struggled with customer experiences due to outdated payments processes.

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TechCrunch

MAY 6, 2022

The demand for more and enhanced automated experiences in our daily lives is growing, and the insurance sector is no exception. This points to a changing market where consumers have higher and different expectations for insurance experiences, based partly on the ease with which they now do other tasks digitally, like shopping and banking.

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The Accidental Successful CIO

JANUARY 25, 2023

However, now, industries as diverse as retailing, manufacturing, finance and insurance are taking advantage of new products that make it much easier for businesses to create AI tools specific to their needs. What All Of This Means For You CIOs have seen artificial intelligence (AI) coming for some time now.

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TechCrunch

FEBRUARY 2, 2021

TrustLayer , which provides insurance brokers with risk management services via a SaaS platform, has raised $6.6 Twenty of the top 100 insurance agencies in the U.S. (as BrokerTech Ventures (BTV), a group consisting of 13 tech-focused insurance agencies in the U.S. million in a seed round.

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TechCrunch

MAY 17, 2023

The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Bolttech’s Series B is closed to new interest from the market, but we continue to engage with the investor community in case of future opportunities,” he told TechCrunch.

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N2Growth Blog

DECEMBER 26, 2023

Understanding the Evolving Role of Insurance Executives in Today’s Risk Landscape The role of insurance executives has significantly changed today’s risk landscape. Insurance executives must possess diverse skills and qualities to excel in this dynamic environment.

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TechCrunch

FEBRUARY 15, 2023

Naked , a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). South Africa makes up 70% of this market, with an annual gross written premiums market of over $47 billion.

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Crunchbase News

APRIL 29, 2024

The three biggest AI-related rounds of the quarter were: In February, China’s artificial intelligence startup Moonshot AI raised more than $1 billion in a funding round led by the Alibaba Group Holding and HongShan, formerly Sequoia Capital China. Marks, who sits on the board of AI startups including Whiterabbit.ai , H2O.ai

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TechCrunch

MAY 5, 2021

It was way back in 2018 that Omni:us appeared to disrupt the insurance market by applying AI to this most legacy of all industries. startup aims to do something similar, but this time it will be coming out of the key market of the U.K., where the insurance industry is enormous. to speed up insurance claims.

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CIO

DECEMBER 7, 2023

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation. Artificial Intelligence

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TechCrunch

JULY 14, 2022

million to fund the AI-powered insurance chat platform. Hear how the company — which was designed as an SMS texting platform — is finding product market fit as the insurance landscape rapidly changes, and how Underscore VC Lily Lyman provides support for the company. This TechCrunch Live event opens on July 27 at 11:30 a.m.

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CIO

FEBRUARY 16, 2024

But things have gotten a little more complicated now, as the large-scale roll-out of generative artificial intelligence (GenAI) has introduced the need for a multidisciplinary approach to innovation. This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance.

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TechCrunch

AUGUST 4, 2021

Founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North, Naked is a digital insurance platform covering cars, content, homes and standalone items. The company says it employs artificial intelligence to create new processes and experiences for its customers. Insurtech is hot on both sides of the Atlantic. ” .

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TechCrunch

AUGUST 10, 2021

“What factored into the current valuation is our annual recurring revenue, growing customer base and total addressable market,” he told TechCrunch, declining to be more specific about ARR other than to say it is growing “at a very fast rate.” AI-powered Jerry raises $28M to help you save money on car insurance. “The U.S.

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UruIT

MAY 7, 2021

Some time ago, a team of Innovation and Machine Learning experts started working in Cogniflow: a no-code Machine Learning platform that makes it easier than ever to build solutions that involve Artificial Intelligence. The magic of Artificial Intelligence! Let’s take a look at the contestants! Cheat Me Now!

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CIO

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

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Crunchbase News

MARCH 19, 2024

Public market investors have also been in on the act, as chip giant Nvidia has battled Apple recently for the title of the world’s second-most-valuable company, and earlier in the month chip startup Astera Labs — riding the AI surge — filed to raise up to $534 million in an IPO that would value the startup at up to $4.5 billion last June.

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TechCrunch

NOVEMBER 28, 2022

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.

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CIO

NOVEMBER 16, 2023

Deepa Soni: We strongly believe that enterprise agility and speed-to-market are key competitive advantages, and they’re a key tenant of our objectives. As an insurance company, we are quite data rich, so how do we take that rich data and convert it into valuable insights at scale, at speed, at the fingertips of our decision-makers?

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TechCrunch

JULY 19, 2022

million to fund the AI-powered insurance chat platform. Hear how the company — which was designed as an SMS texting platform — is finding product market fit as the insurance landscape rapidly changes, and how Underscore VC Lily Lyman provides support for the company. This TechCrunch Live event opens on July 27 at 11:30 a.m.

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TechCrunch

MARCH 7, 2023

All said, Assured Allies joins with insurtech companies around the world that did manage to secure some decent funding recently, including Equisoft , Naked Insurance , Turaco and Acko. It has been proven to reduce the cost of long-term insurance claims by roughly 20%, Nahir told TechCrunch. Akilia Partners and Samsung Next.

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Perficient

JULY 19, 2023

In today’s rapidly evolving technological landscape, artificial intelligence (AI) has emerged as a game-changer for various industries. One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry.

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CIO

DECEMBER 18, 2023

IBM is bolstering its portfolio in artificial intelligence and hybrid cloud services, announcing a move to acquire Software AG’s enterprise integration platforms. IDC predicts the worldwide integration software market will exceed $18.0 The tech giant will shell out € 2.13 billion ($2.33 1,” IBM said.

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CIO

DECEMBER 27, 2023

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re.

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Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. Following last year’s conference, Perficient Insurance Principal Brian Bell shared three key takeaways from the 2022 event: First, data and analytics investments still topped many insurers’ list of operational priorities.

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Trigent

SEPTEMBER 20, 2023

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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CIO

DECEMBER 11, 2023

If the rules are too strict or costly, non-EU firms will just make the decision to ignore the EU market,” said Ray Wang, principal analyst and founder of Constellation Research. And it’s extremely important for innovation and business,” Thierry Breton, European Commissioner for internal market, said at the press conference.

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TechCrunch

MAY 28, 2021

the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new startup called Justos claims it will be the first Brazilian insurer to use drivers’ data to reward those who drive safely by offering “fairer” prices.

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Perficient

NOVEMBER 21, 2023

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice. Brian believes insurance serves a noble purpose and is a great source of pride.

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TechCrunch

OCTOBER 15, 2021

But with the region’s thirst for innovation, the market is expected to expand nearly tenfold over the next decade, with open banking through the use of APIs leading the way and acting as digital transformation facilitators. Fintech regulations in Latin America could fuel growth or freeze out startups.

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N2Growth Blog

APRIL 17, 2023

Today, I will highlight some similarities in the insurance and finance industry and contrast them to Formula 1. Similarly, the insurance and finance industries are built on the promise of stability and security, playing a vital role in people’s lives and businesses.

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TechCrunch

JUNE 16, 2021

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. You’re dealing with so many touch points with your insurance, so many people that need to come and check things out again.

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TechCrunch

SEPTEMBER 1, 2021

This is where artificial intelligence and voice technology have presented an opportunity for enterprises to overcome the challenges of scale and engagement at their customer contact centers,” co-founder and CEO Skit Sourabh Gupta told TechCrunch. We want to double down and scale operations in both Indian and global markets.

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TechCrunch

JANUARY 25, 2021

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. Agriculture insurance has traditionally relied on farm business. or Europe with typically large farms, an average insurance premium is $1,000.

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TechCrunch

OCTOBER 24, 2021

Justos , a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 The process to get insurance in the country, by any accounts, is a slow one. It takes up to 72 hours to receive initial coverage and two weeks to receive the final insurance policy.

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