News - Page 25

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

Summary of Ivans Commercial Policy Support Expansion TLDR: Ivans, a leading software provider for the insurance industry, has expanded commercial policy support on its Distribution Platform The expansion includes additional commercial lines

Let’s see what’s in the news today. AI boosts insurance tech financing, deepfakes a risk, report says LONDON (Reuters) – Global financing for insurance technology (insurtech) firms rose 40% to $1.27 billion

TLDR: Two local companies, Erie Insurance and ValueMomentum, are sponsoring the seventh edition of Erie’s 2024 Fire Accelerator program, offering $25,000 each to five participating startups. The program, focusing on the insurance