Your Daily InsurTech Briefing – 2024-06-15

June 15, 2024
1 min read

Let’s see what’s in the news today.

Insurance Solutions Firm Understory Secures $15M Series A, Expands into Renewable Energy Sector

Understory secured $15M Series A funding to expand into the renewable energy sector. It will offer innovative insurance solutions to mitigate severe weather risks for solar farms.

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ILTA Evolve Day 1: Impact of Gen AI on Insurance, Client Tech Confusion and More

The first ever ILTA EVOLVE conference, attended by 333 professionals, sought to tackle generative AI and cybersecurity.

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Tech helps speed up work and drives growth in insurance

Insurance companies are adopting GenAI to enhance efficiency, improve customer interactions, and gain competitive advantages. Key ways it is transforming insurtech are:

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CoverGo launches AI-powered distribution platform for omni-channel insurance

CoverGo, the leading global no-code insurance SaaS platform, has launched an innovative, AI-powered insurance platform designed for omni-channel distribution.

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Top insurtech funding rounds, May 2024

There were about 60 funding events in the insurtech sector in May, according to a review by Digital Insurance.

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