TechCrunch

FEBRUARY 14, 2023

of Africans are insured , which is less than half the global average of 6.3%, making it the least insured continent in the world. But soon, the co-founders realized a much bigger problem facing healthcare, particularly as regards insurance. As many as 2.8% Despite the abysmal number, there’s some good news.

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TechCrunch

APRIL 8, 2023

B2C When I reached out to investors recently for our latest insurtech survey , I was curious to know how the economy was affecting insurance purchase decisions and whether this made B2B companies more appealing to VCs than their B2C peers. Perhaps not the best call, but if it’s either food or better insurance, the choice becomes easier.

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TechCrunch

MARCH 16, 2023

With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% Home insurance, meanwhile, climbed 12.1% Fairmatic applies AI to commercial auto insurance. year-on-year, Policygenius found.

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TechCrunch

OCTOBER 10, 2023

The startup offers insurance products specifically designed for small and medium companies. Orus originally started with an insurance […] French startup Orus has raised an $11.6 million Series A funding round (€11 million).

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AWS Machine Learning - AI

MARCH 7, 2025

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry, empowering clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global risks.

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Generative AI Technical Review Insurance Policies 106

TechCrunch

MARCH 13, 2023

Mercury , a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. That’s 12x the industry standard for institutions of $250,000 in FDIC insurance that other institutions offer.

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TechCrunch

AUGUST 25, 2023

Uber has raised the minimum age requirement for new rides-hailing drivers in California to 25 years old due to what it described as “baselessly higher” commercial insurance costs in the state. The new policy will only apply to new drivers planning to use the rideshare platform.

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CIO

OCTOBER 16, 2024

>To help insurance brokerages tie in disparate systems to manage their operations and increase employee productivity, CRM software provider Salesforce has introduced a new offering in preview, the Financial Services Cloud. In addition, Financial Services Cloud can be used to service property and casualty insurance clients as well.

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Insurance Cloud Policies Study 179

CIO

DECEMBER 10, 2024

At EXL, we recently launched a specialized Insurance Large Language Model (LLM) leveraging NVIDIA AI Enterprise to handle the nuances of insurance claims in the automobile, bodily injury, workers compensation, and general liability segments.

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CIO

DECEMBER 5, 2024

Why data distilleries are a game-changer: Insights from the insurance industry Traditionally, managing data in sectors like insurance relied on fragmented systems and manual processes. Historically, insurers struggled with fragmented data sources, leading to inefficient data aggregation and analysis.

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TechCrunch

NOVEMBER 28, 2023

We last wrote about Lassie, a pet health app and insurance provider, when it closed an €11 million Series A round in 2022. It’s growth had been spurred by the boom in pet ownership during the pandemic (nearly half of all European households now own a pet, and and owners spend €23.5 billion on them […] © 2023 TechCrunch.

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CIO

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

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Generative AI Technical Advisors Insurance Weak Development Team 183

CIO

MARCH 11, 2025

The virtual event also featured demos of EXL Code Harbor , a generative AI-powered code migration tool, and EXLs Insurance Large Language Model (LLM) , a purpose-built solution to the industrys challenges around claims adjudication and underwriting. It also delivers the best outcomes for both the insurers and the insured.

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CIO

MARCH 13, 2025

For us, that means remembering our core mission: providing risk management and insurance solutions to our customers in a way that helps them protect their businesses and families. Thats the mindset we need to bring into every business, whether were selling insurance, financial services, or something else entirely.

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CIO

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

Generative AI 158

Generative AI Technical Advisors Insurance Weak Development Team 158

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

DECEMBER 13, 2021

Launched in 2017, Fuse connects insurance companies with multiple distribution channels and partners to make insurance services accessible and affordable through its technology. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

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TechCrunch

NOVEMBER 27, 2023

Last Tuesday, Fidelity National Financial, or FNF, a real estate services company that bills itself as the “leading provider of title insurance and escrow services, and North America’s largest title insurance company,” announced that it had experienced a cyberattack.

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Data Virtualization

MARCH 20, 2025

Reading Time: 4 minutes Insurance CIOs stand at a pivotal crossroads. Insurance data is vast, complex, and deeply intertwined with risk. The post Developing a Practical, Value-Driven GenAI Strategy for Insurance appeared first on Data Management Blog - Data Integration and Modern Data Management Articles, Analysis and Information.

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Ooda Loop

FEBRUARY 4, 2025

Globe Life, an insurance firm, has revealed that a malicious actor may have compromised the data of around 850,000 individuals. A data breach in October 2024 may have led to the compromise of personal, health, and insurance information of hundreds of thousands of people.

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CIO

MARCH 20, 2025

The virtual event also highlighted EXLs Insurance LLM , a purpose-built solution for claims adjudication and underwriting, and EXLerate.AI , which combines AI agents and domain-specific large language models (LLMs) to manage and automate complex business workflows.

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Artificial Inteligence Enterprise Insurance Artificial Intelligence 139

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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CIO

OCTOBER 31, 2024

In cases where the victim cannot recover funds, it’s essential to have insurance policies in place to mitigate the financial loss. Many businesses overlook the importance of cybersecurity and fraud insurance, but as BEC scams increase, having this protection is key to reducing the damage should a fraud loss occur.

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Banking How To Education Insurance 156

Xicom

MAY 6, 2025

Digitalization has brought a huge transformation in the insurance mobile app development industry. Companies today are looking for intelligent insurance apps that help them scale their business and automate the insurance process, from file filling to claim processing. Here's a complete guide to refer to. <p>The

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CIO

NOVEMBER 20, 2024

Santos Converge ICT Solutions Peter Tay Income Insurance Quinny Lei Grab Rajat Mittal NTUC First Campus Ralph Ostertag Heineken Ravel Lai Uni-China Group Renee Ling PwC Malaysia & Vietnam Rhezandra Priatama Sekolahmu Richard Parcia GOLDEN ABC, Inc. These are in addition to CIO100 awards in the US, UK, and the Middle East. …

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TechCrunch

AUGUST 25, 2021

It makes sense as banks and insurance companies gather a ton of data and know a lot of information about their customers. You can use artificial intelligence to identify fraudulent transactions, predict creditworthiness, detect fraud in insurance claims, etc. But a lot of startups build proof-of-concepts and stop there.

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CIO

NOVEMBER 18, 2024

Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.

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Security Culture Weak Development Team Insurance 202

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. Embedded means insurance or protection products that are embedded into the customer experience as they buy a product or sign up for a service.

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TechCrunch

DECEMBER 28, 2023

What once was something only discussed with your insurance adjustor is now technology you might covet on your next commute. The automotive industry has entered into a new era of vehicular safety, where in-car systems initially designed to keep you alive are also being marketed as quality-of-life improvements. All rights reserved.

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TechCrunch

MAY 17, 2023

Obie , a real estate-focused insurance technology company, has raised $25.5 million Series A — nearly two years ago, the startup says it has gone from securing insurance for over $3 billion worth of property to $20 billion worth. The company also claims to save policyholders up to 25-30% compared to other insurance premiums.

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Real Estate Insurance Marketing System 265

CIO

DECEMBER 19, 2024

The insurance company decided to migrate from on-premises BMC Remedy to cloud-based BMC Helix ITSM and Discovery. The companys more recent adoption of BMC ServiceOps has transformed change management processes and IT services management (ITSM) success for his organization.

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Artificial Inteligence Artificial Intelligence Insurance Change Management 147

TechCrunch

OCTOBER 24, 2020

And we noted in our growth-rate piece that Next Insurance raised $250 million last month , which has missed our attention. Oh, and Chicago-based Clearcover has news out this week , which we care about given the impending Root Insurance IPO ( notes on its valuation here ). The two companies both insure drivers.

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Insurance Healthcare Survey eCommerce 361

CIO

MARCH 25, 2025

Finance & Insurance and Manufacturing dominate AI adoption: The Finance & Insurance (28.4%) and Manufacturing (21.6%) sectors generated the most AI/ML traffic. Other top contributors include the United Kingdom, Germany, and Japan, each exhibiting different levels of AI/ML activity.

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Enterprise Trends Artificial Inteligence Generative AI 166

CIO

NOVEMBER 27, 2024

Organizations must navigate frameworks like the EU’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and sector-specific mandates such as the Health Insurance Portability and Accountability Act (HIPAA). are creating additional layers of accountability.

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Artificial Inteligence Artificial Intelligence Government Compliance 199

TechCrunch

NOVEMBER 4, 2020

Insurance: Business buyers frequently purchase insurance as part of their transactions, particularly in high-value verticals such as jewelry. Insurance is designed to protect against damage to the goods in transit or theft. B2B transactions typically include a negotiation on delivery method and timing.

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CIO

OCTOBER 30, 2024

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry.

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Enterprise Artificial Inteligence Architecture Survey 209

CIO

NOVEMBER 7, 2024

Monica Caldas is an award-winning digital executive who leads a team of 5,000 technologists as the global CIO for Liberty Mutual Insurance. As a technology organization supporting a global insurance company, job No. Monica Caldas: I always think of technology as having a defensive and an offensive side. That’s the defensive side.

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