Your Daily InsurTech Briefing - 2024-06-15 | INSURBRIEF

Let’s see what’s in the news today.

Insurance Solutions Firm Understory Secures $15M Series A, Expands into Renewable Energy Sector

Understory secured $15M Series A funding to expand into the renewable energy sector. It will offer innovative insurance solutions to mitigate severe weather risks for solar farms.

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ILTA Evolve Day 1: Impact of Gen AI on Insurance, Client Tech Confusion and More

The first ever ILTA EVOLVE conference, attended by 333 professionals, sought to tackle generative AI and cybersecurity.

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Tech helps speed up work and drives growth in insurance

Insurance companies are adopting GenAI to enhance efficiency, improve customer interactions, and gain competitive advantages. Key ways it is transforming insurtech are:

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CoverGo launches AI-powered distribution platform for omni-channel insurance

CoverGo, the leading global no-code insurance SaaS platform, has launched an innovative, AI-powered insurance platform designed for omni-channel distribution.

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Top insurtech funding rounds, May 2024

There were about 60 funding events in the insurtech sector in May, according to a review by Digital Insurance.

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AI boosts UK insurance fraud, revealed in report.

AI Helping Rise in UK Insurance Fraud, Report Shows TLDR: Nearly one in five insurance claim handlers believe many fraud claims now involve fake supporting documents created using AI tools A Law360

“Swiss Re boosts GenAI-powered partnership for P&C reinsurance expansion.”

TLDR: Swiss Re has expanded its partnership with a generative artificial intelligence (GenAI)-powered company to include property and casualty (P&C) reinsurance operations. Swiss Re partners with GenAI-powered company for P&C reinsurance operations.

Cutting-edge Risk Management Solutions for Insurance Companies.

Enhancing Risk Estimation and Pricing Strategies TLDR: Key Points: AI and big data analytics are transforming risk management in the insurance industry. Regulatory pressures and new technologies are driving AI adoption in

Your Daily InsurTech Briefing – 2024-09-24

Let’s see what’s in the news today. Insurers grapple with AI ethics and regulation USAA, MMG Insurance and Munich Re executives spoke about these insurers’ efforts to model risk and use data

AI fuels surge in UK insurance fraud with falsified claims

“`html TLDR: 65% of insurance claims handlers have noticed an increase in fraudulent claims since the cost-of-living crisis hit. 19% suspect that up to one in four claims are now using fake

Japan Insurers Group Urges Members to Reduce Cross-Shareholdings for Success.

TLDR: Key Points: Bloomberg article discussing unusual computer activity Users are being prompted to confirm they are not robots Article Summary: The Bloomberg article addresses the issue of users being asked to

Revolutionize ridesharing in Japan with Automobile Insurance for Mobility Providers.

TLDR: Tokyo Marine & Nichido Fire Insurance will begin selling “Automobile Insurance for Mobility Service Providers” in Japan starting in January 2025. This insurance policy is designed for ridesharing services utilizing private

LinkGevity scores Deep-Tech EU Grant for cutting-edge innovation!

“` Key Elements of LinkGevity Article TLDR: LinkGevity awarded Women TechEU grant for AI-driven drug discovery Company uses proprietary Blueprint Theory of Aging for innovative approach to drug discovery Article: LinkGevity, an

Insurance companies battle ethical and regulatory challenges of AI technology.

TLDR: Insurers and insurtechs are grappling with the ethics and regulations surrounding the use of AI in their businesses. The U.S. and Europe have adopted models and frameworks for AI use in

Genius.AI teams up with ClickBank for AI digital marketing!

TLDR: Genius.AI partners with ClickBank to revolutionize digital marketing with AI-powered solutions. The collaboration introduces cutting-edge AI technology to ClickBank’s affiliate network, simplifying processes for new and experienced users. Genius.AI, a leader