Your Daily InsurTech Briefing – 2024-01-31

January 31, 2024
1 min read

Let’s see what’s in the news today.

Car insurance costs are rising – these states are the most expensive

Car insurance rates sky-rocketed 24 percent in 2023 – and they will go up another 7 per cent this year, a new report reveals.

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US Insurtech Market Report: Green shoots emerge

The US insurance technology space has grounds for optimism in 2024. Industry consolidation is well underway, and the companies strong enough to survive on their own have made progress on their expense

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Luko’s acquisition won’t make everyone happy, but the insurtech will live on

Allianz Direct, a digital-first German subsidiary of the insurance giant, has acquired the French home insurance business of ailing insurtech Luko for €4.3 million (around $4.65 million).

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Python in insurance: Paving the way for actuaries and insurers

The insurance sector, traditionally slow in embracing modernisation, is progressively adopting programming languages to refine workflows and bolster

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Evaluating the insurance industry’s digital progress

Digital transformation can take many forms, customer experience and operational efficiency remain priorities.

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