AI AND INSURTECH – Page 6
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NewsFCA to allow rolling applications for regulatory sandbox
The FCA will now be allowing rolling applications for its regulatory sandbox.
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NewsMore insurtech M&A deals to be had – Willis Re
There has been an upward swing towards insurtech M&A as the Covid-19 pandemic has accelerated the move to digital - however, Willis Re’s global head of insurtech Andrew Johnston predicts more mergers are yet to come.
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NewsZurich considers AI-related emerging risks
Liabilities could arise from the unintended consequences of decisions made by algorithms and artificial intelligence
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NewsSoaring insurtech investment to impact actuary work and job opportunities – IFoA
The increasing investment in the insurtech sector will have an impact on the type of work actuaries carry out and the job opportunities available, according to the latest report from the Institute and Faculty of Actuaries (IFoA).
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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
