FinTech News

InsurTech Optalitix and dynamic insurance pricing platform Quantee have announced a strategic partnership aimed at revolutionising insurance pricing.

InsurTech startup Buddy has secured a significant boost in funding, raising $7m from 49 investors, to bring its total funding to $8m.

Private equity investor LDC has made a significant investment in Uinsure, a rapidly expanding InsurTech business.

Actuaries, often dubbed as mathematical risk managers, play a pivotal role in the insurance industry. Their expertise in quantifying and managing risk is essential for insurers in a market where financial responsibility for potential negative outcomes is traded. However, determining the cost of this responsibility isn't a straightforward task; it involves estimating expected losses akin to manufacturing costs for tangible goods. Yet, setting a price demands more than just knowing costs; it requires calibrating profit margins to market realities and consumer behaviours. InsurTech Quantee delves into the intricate process, known as price optimisation.

Solera, a leading provider of vehicle lifecycle management solutions, joins forces with STELLA Automotive AI to introduce a groundbreaking solution named ServiceAgent AI.

Ushur, a leading provider of Customer Experience Automation solutions, continues to innovate with its latest major release, which includes the introduction of a key feature aimed at empowering citizen developers.

In the not-so-distant past, navigating through the bustle of public transport meant holding onto a paper ticket. However, the concept has swiftly become a relic of a bygone era. The transition from traditional paper tickets to e-tickets has resulted in more convenience and efficiency. Apart from reducing the environmental impact, this shift has streamlined the ticketing process, offering passengers instant access through their smartphones or other digital devices, as Scanbot SDK explains.

Verisk, a leading global data analytics and technology provider, has introduced an automated Generative AI tool which has been designed to support faster insurance claims processing.

MediConCen Limited, an InsurTech company specialising in automating insurance claims using AI, has raised $6.85m in a Series A funding round. 

Ignite Specialty Risk, a provider of litigation risk insurance, has launched its Litigation Capital Protection Insurance offering in the US.