TechCrunch
MARCH 10, 2022
Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.
TechCrunch
APRIL 10, 2023
The inability to accurately assess risk for insurance purposes is costing the industry a lot of money. Earlier this year, State Farm reported that its property and casualty underwriting business took a $13 billion hit in 2022 due to “rapidly increasing claims severity and significant additions to prior accident year incurred claims.”
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CIO
MAY 17, 2024
The industry saw unprecedented growth in certain areas — such as AI and ML — alongside massive layoffs from tech vendors and cooling (or even contracting) salaries for a wide range of IT roles. Recent layoffs have been cast in part as a corrective for that period, when the average tech salary increased nearly 9%.
Strategy Driven
NOVEMBER 16, 2023
Due diligence involves reviewing information thoroughly before a transaction takes place. There are two types of due diligence. Hard DD investigates data and facts, including legal structures, ownership, securities laws compliance, stockholder agreements, insurance information, and regulations.
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.
TechCrunch
JANUARY 25, 2023
It’s not a huge stretch to say that today, as tech increasingly permeates property development and housing, few except those operating in the sector can truly pinpoint what’s happening in the fast-developing world of proptech. TC: There’s a lot of overlap between construction tech and proptech. And where do they overlap?
TechCrunch
MAY 12, 2021
Planck , the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. Planck said it currently works with “dozens of commercial insurance companies in the U.S.,” including more than half of the top-30 insurers. It will use its new funding to build its U.S.
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