Let’s see what’s in the news today.
Collinson and Starr Insurance unite to provide real-time travel disruption cover
Collinson, a global leader in customer benefits and loyalty, and Starr Insurance have collaborated to distribute a real-time parametric travel disruption insurance product.
Read the original article here
Some Insurers Banned AI — Will Insurtech Bring It Back?
Insurtech enabled companies to reshape risk management strategies. Are AI and algorithmic underwriting the next frontier?
Read the original article here
The opportunities presented by the digital transformation of insurance
In an era defined by rapid technological strides, the insurance industry stands on the cusp of an extraordinary evolution, heralding a new dawn through the prospect of a digital transformation. Amidst this profound change, the sector has emerged as a haven of innovation, embracing a digital metamorphosis that promises a new beginning in the space.
Read the original article here
Kooperativa partners with Resistant AI to revolutionise fraud detection in insurance claims
Kooperativa, a leading insurer part of the Vienna Insurance Group, has embraced Resistant AI’s Document Forensics technology to combat fraudulent insurance claims.
Read the original article here
Insurtech Kin, the Digital Home Insurance Provider, Acquires Financing from Activate Capital
Kin, the digital, direct-to-consumer home insurance company, announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy. Raising at an increased valuation, greater than $1 billion, is an achievement that’s becoming rare as other technology companies reportedly “continue to have trouble securing capital.” Kin has claimed that it maintained systematic, capital-efficient growth, “increasing revenue by more than 50%
Read the original article here