AI AND INSURTECH – Page 5
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NewsFlock partners with Asia’s largest insurer to reinvent commercial fleet insurance
Insurtech Flock has partnered with the European arm of Asia’s largest insurer, Aioi Nissay Dowa Insurance (AND-E UK), to transform how commercial fleet insurance is priced and distributed.
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Newswefox, Germany’s digital insurance unicorn, closes $650m Series C
wefox, the Berlin-based digital insurance company has raised a record US$650 million for its Series C funding, resulting in a post-money valuation of US$3 billion. This round represents the largest Series C to date for an insurtech globally.
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NewsWTW - Global InsurTech investment reaches all-time high of US$2.55 billion in Q1 2021
The number of mega-rounds reached eight, more than any other three-month period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson.
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NewsPrevisico and Zurich to plug flood risk for big corporate customers
Insurtech flood forecaster Previsico will be teaming up with insurer Zurich to strengthen a major corporate customer’s resilience against flood risk.
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NewsTop women in insurtech weigh in on diversity and inclusion debate
Insurance Times speaks to some of the top women in insurtech in honour of International Women’s Day this month, spotlighting individual contributions to the sector as well as unpicking the value of having a diverse workforce
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NewsAllianz Partners teams up with Irish insurtech for post-pandemic travel insurance platform roll out
Allianz Partners has teamed up with Irish insurtech Blink. The partnership will oversee the mass roll out of Blink’s travel disruption insurance platform in the UK.
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NewsTrõv partners with NIG underwritten electric car rental service for London fleet proposition
The partnership will see the two firms manage risk more effectively for electric cars
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NewsSompo International announces partnership with Flock
This partnership supports the future of unmanned aviation by increasing the availability of critical insurance needed for emerging use-cases, like drone cargo deliveries, flying taxi passenger flights and drone swarm shows.
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NewsFloodFlash pays Storm Christoph catastrophe claim in 9 hours 44 minutes
It means that policyholders can be paid their claim on the same day
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NewsLloyd’s offers AI-enabled reputational risk cover
A group of Lloyd’s insurers are providing artificial intelligence-enabled tools to help policyholders control their corporate brand and reputation more effectively.
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NewsUK startup Nayms nabs £1.5 million to develop insurance for cryptocurrency
The London-based company wants to insure digital assets “through a collaboration between regulated underwriters/brokers and capital markets,” says CTO Theodore Georgas.
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NewsFlock enters flexible connected motor insurance market
It is also signing up a select number of forward-thinking fleet owners for an entirely usage-based insurance product, set for widespread availability in 2021
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NewsIndia’s insurance platform Turtlemint raises $30 million
Only a fraction of India’s 1.3 billion people currently have access to insurance. Insurance products had reached less than 3% of the population as of 2017, according to rating agency ICRA.
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NewsLiberty Mutual app harnesses AI to help employers better protect workers
Liberty Mutual Insurance’s new ErgoValuator app helps policyholders more effectively protect their workers and bottom lines from overexertion injuries, which cost employers more than $14 billion annually.
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NewsRecord-breaking InsurTech fundraising in Q3 2020, as ‘funding gap’ widens
Solid investor appetite for new and mature opportunities in the InsurTech sector was again in evidence during Q3 2020, as US$2.5 billion was raised by InsurTech firms across 104 deals, up 63% and 41% respectively over the prior quarter. Deals included two US$500 million rounds, but the mid-tier funding gap ...
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NewsCytora shifts to permanent remote-first working culture
The insurtech will be inviting employees to give feedback on its progress
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NewsInsurtech Honcho takes on the Big Apple
Honcho is one of two UK insurtechs to be selected by the US based accelerator
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NewsFirst Spanish Insurer uses AI to assess vehicle damage
For the first time, an insurer in Spain – Admiral Seguros, the Spanish subsidiary of global insurer Admiral - is using Artificial Intelligence (AI) to create damage valuations and to generate an offer of immediate payment on damaged vehicles. To do this, Admiral Seguros is using an AI solution, ...
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NewsInsurtech Superscript becomes a registered Lloyd’s broker
The move follows the insurtech registering as a Lloyd’s coverholder in 2019
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NewsAfrican Risk Capacity Partners with Insuretech Pula
The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Pula to deliver best-in-class agriculture index insurance products to protect African farmers from climatic risks. Every farming season, African farmers are exposed to a wide range of ...
