AFG acquires InsurTech Verikai in $120m deal for its AI solutions
Insurance holding company American Financial Group (AFG) has acquired Verikai, a machine learning and artificial intelligence (AI) company, in a $120m deal.
Tractable launches tool to revolutionise claims after natural disasters
Tractable, which has developed an AI solution for visual assessment and disaster recovery, has launched a new solution to assess damage to buildings after natural disasters.
Sentiance and RAC helped reduce distracted drivers by 60%
Sentiance, which co-developed the Safer Driver app with the Royal Automobile Club of Western Australia (RAC), has helped reduce distracted driving by nearly 60%.
InsurTech Zego embarks on European expansion
Commercial motor insurer Zego is launching in the Netherlands and ramping up its operations in France.
Synchrony and Pawlicy partner for accessible pet insurance
Synchrony, premier consumer financial services company, and pet insurance marketplace Pawlicy Advisor are joining forces to help consumers better plan for expenses regarding their pet.
WTW and Tempcover team up for usage-based insurance
Willis Towers Watson (WTW) global advisory, broking and solutions company, has partnered with InsurTech Tempcover to deliver a usage-based automotive insurance solution for the digital generation.
3 trends driving digital transformation in insurance in 2022
As the world settles into 2022, cloud-based InsurTech Novidea has outlined the three major trends it expects to drive digital transformation this year.
Blockchain-based insurance to save $10bn in claims admin
Blockchain-based insurance will transform claims administration and save $10bn in costs globally by 2024, up from $1.1bn in 2021, according to a report from Juniper Research.
Insurely and Avanza team up for Swedish pensions
Sweden-based InsurTech Insurely is partnering with Avanza Bank to offer better pension products, a report by InsurTech Digital has revealed.
Why insurers are failing to meet maximum value from mergers and acquisitions
While there continues to be huge numbers of mergers and acquisitions (M&A) in insurance, Quantexa feels many are not meeting their full potential.
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