TLDR: Simplifai, a firm specializing in AI-powered solutions, won the Diamond Award at the ITC DIA Europe event for their collaboration with Van Ameyde in revolutionizing claims processing using AI technology. This

Summary of Ivans Commercial Policy Support Expansion TLDR: Ivans, a leading software provider for the insurance industry, has expanded commercial policy support on its Distribution Platform The expansion includes additional commercial lines

Let’s see what’s in the news today. AI boosts insurance tech financing, deepfakes a risk, report says LONDON (Reuters) – Global financing for insurance technology (insurtech) firms rose 40% to $1.27 billion

TLDR: Two local companies, Erie Insurance and ValueMomentum, are sponsoring the seventh edition of Erie’s 2024 Fire Accelerator program, offering $25,000 each to five participating startups. The program, focusing on the insurance

TLDR: Global financing for insurance technology (insurtech) firms rose 40% to US$1.27 billion in the second quarter of 2024, with a focus on AI. AI presents challenges in insurance due to fraudulent

BHMS Investments Backs Boost Insurance TLDR: BHMS Investments has backed insurtech company Boost Insurance to fuel growth. The funds will be used for customer expansion and enhancing technology products. Digital insurance platform

TLDR: Global funding for insurance tech firms increased by 40% in the second quarter to $1.27 billion, with a focus on AI. The use of AI in insurance presents challenges such as

AI boosts insurance tech financing, deepfakes a risk, report says TLDR: Global financing for insurance technology (insurtech) firms rose 40% to $1.27 billion in the second quarter from the previous three months.

Let’s see what’s in the news today. Delaware daily roundup: Apply for Fintech CAFE; Insurance tech startup launches; AirJoule gets $1M Plus, New Castle County’s industrial space vacancies are slightly down. Read the original

How Secure Are Systems in the Insurance Industry? TLDR: Key Points: Integrating technology is the most challenging aspect for insurers. Digital shift has led to a rise in data breaches and vulnerabilities.