Your Daily InsurTech Briefing – 2024-02-11

February 11, 2024
1 min read

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.

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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?

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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.

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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.

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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%

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