Your Daily InsurTech Briefing – 2024-04-29

April 29, 2024
1 min read

Let’s see what’s in the news today.

Kenya: InsurTech start-up uses AI to reduce waiting time

With the number of health policies being taken out on the rise, insurance companies hope to streamline the claims process and cut costs by adopting new technology

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UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’

The health tech giant processes 15 billion health transactions a year, and handles health information for about half of all Americans.

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Cowbell Introduces Prime Tech with Cowbell Co-Pilot, a Generative AI Solution to Optimize Underwriting Workflows

–Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises, today introduces Prime Tech with Cowbell Co-Pilot, Cowbell’s artificial intelligence solution for efficient underwriting. Prime Tech with Co-Pilot will help underwriters better assess risk and provide valuable insights to improve decision-making at speed, driving…

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Zywave launches Cyber Quoting platform to enhance insurance distribution processes

Zywave, a leading InsurTech provider, has unveiled its latest offering, Cyber Quoting, aimed at simplifying insurance distribution processes.

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Macquarie partners with Mosaic Insurance and gains Lloyd’s coverholder status

Macquarie Insurance Facility is set to enhance its insurance offerings following its recent approval as a Lloyd’s coverholder and a newly established binding authority agreement with Mosaic Insurance.

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Latest from Blog

Your Daily InsurTech Briefing – 2024-05-16

Let’s see what’s in the news today. Eleos raises €3.75M in Seed funding for digital life insurance solutions Founded in 2022, Eleos is the UK’s only provider of fully digital life insurance

Your Daily InsurTech Briefing – 2024-05-15

Let’s see what’s in the news today. Eleos raises €3.75M in Seed funding for digital life insurance solutions Founded in 2022, Eleos is the UK’s only provider of fully digital life insurance

Insurtech funding hits lowest level since 2020.

Insurtech Funding in Q1 Drops to Lowest Level Since 2020 TLDR: Global insurtech funding dropped to $912.25 million in Q1 2024, the lowest since Q1 2020. Despite the overall decline, early-stage funding

Do car safety features really lower accident rates?

TLDR: Car safety features like Advanced Driver Assistance Systems (ADAS) are becoming more popular and can reduce accident frequency. Studies suggest that vehicles with ADAS systems have a lower crash involvement rate