Your Daily InsurTech Briefing - 2024-04-17

Let’s see what’s in the news today.

Startup Sprout Offers Tech-Backed Climate Insurance for Smallholder Farmers

Ashley King-Bischof founded a company called Sprout in 2021 with a multifaceted approach to building climate resilience for smallholder coffee farmers.

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Australian FinTech startup, Honey Insurance, raises $108m to enhance smart home safety

Honey Insurance, an Australian home insurance startup, has just announced a significant boost in its journey to redefine the home insurance landscape.

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American Family Life Insurance embraces Munich Re automation solutions

Munich Re Automation Solutions Ltd has entered into a significant business relationship with American Family Life Insurance Company, marking a pivotal shift towards cloud-based solutions within the insurance sector.

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The Labor Department wants Congress to help to fix unemployment insurance tech, delivery

Among the asks: fund the program adequately, the Labor Department says.

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Irish drivers in line for cash refunds following car insurance tech blunder

An MEP says insurance companies need to be more vigilant.

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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

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Your Daily InsurTech Briefing – 2024-04-17

Startup Sprout Offers Tech-Backed Climate Insurance for Smallholder Farmers

Australian FinTech startup, Honey Insurance, raises $108m to enhance smart home safety

American Family Life Insurance embraces Munich Re automation solutions

The Labor Department wants Congress to help to fix unemployment insurance tech, delivery

Irish drivers in line for cash refunds following car insurance tech blunder

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