TechCrunch

MAY 26, 2021

million funding round, offers insurance policies for companies who rely on third-party cloud providers, ecommerce services, payment gateways and CRM systems. The combination of the pricing model and monitoring system means that this product that looks very different from the insurance policies we’re used to in another key way.

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TechCrunch

APRIL 5, 2023

Construction insurance company Billy announced today the closing of an additional $2.5 The company has two revenue models: First is a SaaS platform that collects, verifies and tracks compliance documents like business licenses and W9 forms for general contractors, developers and property managers. That’s a lawsuit waiting to happen.

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TechCrunch

JANUARY 24, 2022

Insurance broker and carrier marketplace Sayata took in $35 million in additional funds toward its Series A after raising $17 million in funds last August. Founded two years ago, the company offers a way for small and medium businesses to secure insurance. Securing business insurance takes a big chunk of a broker’s day.

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TechCrunch

APRIL 10, 2023

The inability to accurately assess risk for insurance purposes is costing the industry a lot of money. The 1-year-old company developed a universal API for insurance data and is taking an approach of a “Plaid for insurance,” Cameron Duncan, co-founder and CEO of Axle, told TechCrunch. Axle is trying to change that.

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CIO

DECEMBER 1, 2022

For over 130 years, Hastings Mutual Insurance Company has served and protected its clients throughout the Midwest. In its push to modernize, the regional insurance provider also believed updating its client viewing system to provide a more intuitive, user-friendly experience would benefit its customers and employees alike.

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CIO

JUNE 19, 2023

million people, with more than 400 sites of care, including six hospitals, and as the organization struggled with these issues, it quickly became apparent that insurance authorization for imaging and radiology services — a foundational diagnostic step before almost any care can begin — was a bottleneck.

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TechCrunch

SEPTEMBER 10, 2021

Vouch , a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding. While there are many insurance technology companies out there that serve consumers, there are far fewer that offer it to companies, much less startups. Insurtech is hot on both sides of the Atlantic.

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TechCrunch

SEPTEMBER 16, 2022

Will Ross and William Steenbergen were AI researchers at Stanford working on climate and atmospheric modeling and reinforcement learning, respectively, when they began to collaborate on wildfire modeling and hurricane modeling initiatives for the insurance industry. He pointed to Russia sponsoring cyberattacks on U.S.

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TechCrunch

JULY 8, 2021

Lula , a Miami-based insurance infrastructure startup, announced today it has raised $18 million in a Series A round of funding. Existing backers such as Nextview Ventures and Florida Funders also put money in the round, in addition to a number of insurance and logistics groups such as Flexport.

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TechCrunch

AUGUST 10, 2021

Working in the world of disability insurance for a decade, Colin Nabity felt not everyone could access this type of insurance due to its nature of it being difficult to understand and underwrite. Disability and critical illness insurance is typically income protection should someone be too sick or hurt to work.

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TechCrunch

NOVEMBER 11, 2021

Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however , this sector hasn’t raced to the stage as quickly as say, payments or lending. Image Credits: Root.

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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

SEPTEMBER 30, 2021

Loop Health aims to be the “Oscar Health of India” and targets the country’s health insurance gap with its approach to primary care and insurance. In talking to potential customers, half of them are buying insurance for the first time,” Kale added. The sentiment has flipped now.”. Loop Health app. Image Credits: Loop Health.

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TechCrunch

SEPTEMBER 19, 2022

The Indian capital market regulator has moved Digit’s IPO application to “abeyance,” it said in what is a disappointing development for the online insurer’s plan to go public. Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’ by Manish Singh originally published on 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

APRIL 28, 2021

Wunderite builds and sells software designed to help insurance agencies more rapidly process insurance applications, and automate some of their processes. MacDonald previously worked for his family’s insurance business, while Schnare earned insurance experience by working for a large player in the market.

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TechCrunch

MARCH 4, 2021

Insurance agents spend hours handling paperwork and grabbing client information over the phone. A new seed-stage startup, InsurGrid , has developed a software solution to help ease the process, and make it easier for agents to serve existing clients — and secure new ones. It is starting with property and casualty management.

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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.

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TechCrunch

JULY 28, 2021

Spot is tackling this issue with a digital, on-demand injury insurance product that can be as-is or as a complement to traditional health insurance. We are setting the foundation to drive change and the distribution of insurance.”. The company will also coordinate with any existing healthcare insurance.

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TechCrunch

AUGUST 19, 2021

DigiSure, a digital insurance company that caters to modern mobility form factors like peer-to-peer marketplaces, is officially coming out of stealth to announce a $13.1 DigiSure says it goes beyond credit and driving history to give users a more personalized quote, and in the process helps operators lower their own insurance costs.

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Perficient

FEBRUARY 28, 2024

With new risks, shifting market dynamics, and the unstoppable march of technology, the insurance industry finds itself at a crossroads. The imperative for transformation has never been clearer, and this is highlighted in Forrester’s report, The Future Of Insurance.

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TechCrunch

NOVEMBER 17, 2020

Turtlemint, an Indian startup that is helping consumers identify and purchase the most appropriate insurance policies for them, has raised $30 million in a new financing round as it looks to reach more users in small cities and towns in the world’s second largest internet market. billion people currently have access to insurance.

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TechCrunch

NOVEMBER 24, 2020

Metromile , the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. Metromile is credited for disrupting some of the inefficiencies of the auto insurance business model, notably how consumers are charged.

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TechCrunch

JUNE 16, 2021

When Richard Joffe moved his family to Australia in 2019, he said applying for home insurance “was like traveling back in time 30 years.”. “I I found the sign-up process painful, the fine print was confusing and the insurance company was totally reactive, not proactive. million AUD (about $11.9

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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

JANUARY 19, 2021

French startup Alan is generating 100% of its revenue from health insurance products — and that isn’t going to change. We’re going to develop services for specific groups of people who are facing specific issues or questions.”. Health insurance companies in France don’t have a lot of wiggle room when it comes to data.

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TechCrunch

MAY 5, 2022

” The product is pretty neat; you pay for its insurance policy, and if the snow is too watery, your outdoor concert is washed out or your dreams of escaping with drinking pina coladas while getting caught in the rain are squashed, they’ve got your back. (The

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TechCrunch

MARCH 2, 2022

This isn’t an issue in developed markets, as healthcare systems change with the times to adequately provide healthcare when necessary. But in Africa, that’s not the case, as most people do not have access to quality healthcare due to the ill-equipped nature of hospitals and lack of insurance. .

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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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Sunflower Lab

JANUARY 8, 2024

Managing insurance verification in hospitals, where a large number of patients visit daily, can be a time-consuming challenge. Recognizing this, our insurance verification service employs an innovative middleware bot to streamline the process. What Is Health Insurance Eligibility Verification?

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CIO

OCTOBER 20, 2023

But home and automobile insurance company Allstate is taking a different approach. based insurer has rebuilt its core application for claims processing, sales, and support, and plans to overhaul its entire portfolio of business processes, all with the aim to enhance and accelerate the customer experience.

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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

MAY 16, 2023

As a reminder, Wefox sells insurance products through in-house and external insurance brokers. More recently Wefox launched its own insurance carrier — Wefox Insurance. This way, the company can design and sell its own insurance products without relying on third-party insurance companies.

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Coforge

JANUARY 3, 2024

AI is one of the most exciting developments in human-machine interaction. Thus, it becomes a top-of-mind concern for executives in all industries including the insurance sector. Enterprise leaders are keenly monitoring advancements in their fields related to AI.

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TechCrunch

OCTOBER 13, 2021

There is an imbalance between demand and supply of general insurance due to the tedious workflow and processes that insurance intermediaries and insurance companies face. . trillion general insurance industry. . Asia’s general insurance market is about $564 billion, and Singapore has approximately $2.9

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CIO

NOVEMBER 22, 2023

As a connected car data company focusing on the motor insurance sector, UK-based ThingCo is dedicated to developing next gen telematics built with the latest technology. It’s good to see and it’s going to change the way we work and make our life easier, but I don’t think it’ll get rid of engineers or developers” he says. “I

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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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