August 2024 - Page 12

TLDR: – Quility, an insurtech company, has acquired Ninja Technologies LLC, a SaaS technology platform for insurance agents. – The acquisition will enhance Quility’s engagement platform, Switchboard, by adding new marketing and

Orion180 expands insurance coverage into Ohio amid national expansion TLDR: Orion180 is expanding its homeowner’s insurance services into Ohio as part of its national expansion effort to address challenges faced by homeowners

TLDR: Indian InsurTech Covrzy has received a broking license to offer business insurance products in India. The platform aims to simplify insurance processes for startups and SMEs and has already raised $400,000

TLDR: Insurtech funding decreased in 2023, but AI integration and machine learning are driving the sector forward. Scott Ham, CEO of Pinpoint Predictive, Inc., forecasts a future of personalized insurance offerings, quicker

TLDR: Key Points: The digital transformation of the insurance industry has revolutionized the process, making it faster and more efficient. Digitalization allows for real-time data analytics, personalized experiences, and improved customer engagement.

Let’s see what’s in the news today. Ivans introduces comprehensive commercial policy support on Ivans Distribution Platform Ivans, a leading provider of software solutions for the insurance industry, has announced the expansion

TLDR: Square Insurance secures $3 million in pre-Series A round. Co-led by BizDateUp and Negen Capital with participation from Prashant Kothari and Yogesh Chaudhary. Square Insurance, an insure-tech startup, has recently raised

TLDR: Claims processing has benefitted from the integration of AI, including gen AI. The insurance industry faces the challenge of balancing technology and human connection. Claims processing has benefitted tremendously from the

TLDR Global insurtech funding rose 39% year-over-year in the second quarter to $1.27 billion Average deal size doubled to $18.46 million The second quarter saw a significant increase in global insurtech funding,

TLDR: Simplifai, a firm specializing in AI-powered solutions, won the Diamond Award at the ITC DIA Europe event for their collaboration with Van Ameyde in revolutionizing claims processing using AI technology. This