Your Daily InsurTech Briefing – 2024-05-20

May 20, 2024
1 min read

Let’s see what’s in the news today.

Shallow, deepfakes could impact insurance claims

Are deepfakes threatening the insurance industry? Some experts suggest a second layer of verification may be needed to combat altered materials in claims processing.

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The untapped potential of smart-home insurance solutions

Tech-enabled risk mitigation improves insurance customer experiences. A recent panel talked about how to make it more mainstream.

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“For Americans, Faye has become part of their passport”

Insurtech company Faye is disrupting the American travel insurance world, which has only begun to wake up in recent years. Founders Elad Schaffer and Daniel Green say that comparisons to other insurtech companies like Lemonade are inaccurate: “We have an opportunity to innovate in a market that hasn’t seen innovation in years”

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InsurTech unicorn Go Digit General Insurance to launch IPO to raise funds

Go Digit General Insurance, a leading InsurTech unicorn backed by major investors,  has launched its initial public offering (IPO) to raise funds for strengthening its solvency ratio and capital reserves.

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CoverTree: $13 Million Secured To Develop Manufactured Home Insurance Solutions

CoverTree, an insurtech company specializing in manufactured home insurance solutions, announced the completion of a $13 million Series A funding round led by Portage, with participation from investors like AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and others.

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Technology claims: industry adapts.

Claims Technology Adaptation in the Insurance Industry TLDR: Key Points: Rapid advancements in Insurtech and technology have disrupted the insurance industry, particularly in claims processing. The adoption of technology in claims processes,