August 2024 - Page 11

TLDR: Insurtech funding in Q2 2024 reached $1.27b, the highest level in five quarters. Early-stage funding also increased significantly, with the average deal size at $18.5m. One-third of Q2 2024 insurtech deals

Who’s using what in P&C insurance: August 5, 2024 TLDR: Key Points: SAISON Auto & Fire Insurance selected Guidewire’s ClaimCenter as its new management system for insurance claims operations. The implementation project

Summary of Humana Google Partnership and Arch Acquisition TLDR: Key Points: Humana expands partnership with Google Cloud to modernize infrastructure and deploy AI. Arch acquires Allianz Entertainment insurance business, bringing 500 people

TLDR: Key points: New technology can be harnessed by insurers to gain a competitive advantage in the industry. Emerging technologies can drive success for innovative carriers, leading to significant growth and market

Let’s see what’s in the news today. Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial

Deloitte Launches Insurance Growth Suite Technology Solutions TLDR: Deloitte has launched Insurance Growth Suite, a cloud-native platform to help unlock the future of insurance. The platform offers pre-integrated, pre-configured insurance solutions to

Article Summary TLDR: Key points from the article: Yahoo is part of the Yahoo family of brands When using Yahoo sites and applications, cookies are used for various purposes Yahoo, as part

TLDR: The global Tech Insurance Business market is projected to grow at a CAGR of 42.34% from 2024 to 2030. Key players in the market include Chubb Limited, AIG, Zurich Insurance Group,

TLDR: Wisedocs, an InsurTech company, secured $4.5m from CIBC Innovation Banking to enhance its AI platform for insurance claim reviews. This funding follows a successful Series A round in January 2024, indicating

Let’s see what’s in the news today. The digital transformation of the insurance industry The digitalization of the insurance industry goes even further than just reducing wait times and eliminating extraneous processes.