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Cold-chain startup Figorr raises $1.5M, backs the roll out of data-driven perishables insurance

TechCrunch

Figorr (previously Gricd ) runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly-perishable products, helping entrepreneurs to cut the losses that emerge from lack of such visibility.

Insurance 262
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6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

TechCrunch

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+.

Insurance 269
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Applications and innovations in the Internet of Things (IoT)

Hacker Earth Developers Blog

The Internet of Things (IoT) is a system of interrelated devices that have unique identifiers and can autonomously transfer data over a network. IoT ecosystems consist of internet-enabled smart devices that have integrated sensors, processors, and communication hardware to capture, analyze, and send data from their immediate environments.

IoT 283
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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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IDC Ranks Tenable No. 1 in Worldwide Device Vulnerability Management Market Share for the Fifth Consecutive Year

Tenable

The research firm’s latest report also provides market insights that security professionals can use to improve their vulnerability management strategy. For the fifth consecutive year, Tenable ranks first in market share. The IDC report noted: “In August 2023, Tenable announced upcoming generative AI capabilities in Tenable One.

Marketing 123
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Customizing Personal Lines Insurance with Location Data

Cloudera

Insurers are increasingly adopting data from smart devices and related technologies to support and service their customers better. According to Statista , the projected installed base of IOT devices is expected to increase to 30.9 Much of the evidence required in the past is already available from the IOT sensors.

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Cybersecurity Snapshot: DHS Tracks New Ransomware Trends, as Attacks Drive Up Cyber Insurance Claims and Snatch Variant Triggers Alert

Tenable

Insurance provider Coalition said in its “ 2023 Cyber Claims Report: Mid-year Update ” that cyber claims rose 12% in the first half of 2023 compared with the second half of 2022, a surge driven primarily by ransomware attacks. Specifically, the report found that only 34% of cellular IoT modules shipped in Q2 had dedicated hardware security.