FinTech News

The 5 technology trends taking health insurance by storm

Like many areas of insurance, the healthcare space is in a big period of change. Cloud Insurance has highlighted the five emerging technology trends in the space that could really disrupt the sector.

Lemonade sells Metromile’s Enterprise Business

Lemonade, the digital insurance company that leverages AI technology has sold Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform EIS.

Duck Creek and Whatfix to improve operations for insurance carriers

Duck Creek Technologies, provider of insurance software to the P&C industry, has partnered with Whatfix an SaaS platform to enhance insurance carriers' claims management software.

Convelio raises Series B for fine art transport solutions

Convelio, which provides door-to-door shipping solutions for fine art, including insurance, has raised $35m in Series B funding.

Poland’s oldest insurer teams with Tractable to improve auto insurance claims

Central and Eastern European financial institution PZU has signed a deal to leverage the AI technology of InsurTech platform Tractable to improve its vehicle damage assessments.

Nuon secures funding for smart AI in insurance

Nuon, an InsurTech leveraging AI in the insurance pricing process, has raised £1m in an oversubscribed pre-seed funding round.

Verisk acquires AIS for automated motor liability

Verisk, a global data analytics provider, has acquired Automated Insurance Solutions (AIS), a UK-based InsurTech to add motor liability decision automation to its claims ecosystem.

Duck Creek joins forces with Glia for digital-first customer approach

Duck Creek Technologies, global technology solutions provider to the P&C insurance industry, has partnered with provider of digital customer services (DCS) Glia.

Embedded Insurance: the future of insurance distribution

The pandemic-fuelled shift to online purchasing and increased demand for digital gave new impetus to embedded insurance products. This trend is presenting insurers with an invaluable opportunity to scale and improve their distribution.

INSHUR partners with Five Sigma

InsurTech company INSHUR has bolstered its UK in-house claims operations through a new deal with Five Sigma, a cloud-native claims management solutions provider.

News Stories

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As carriers expand their agent networks, the process of onboarding producers, managing appointments, and maintaining compliance records often still depends on fragmented systems and manual intervention.

Fixing the producer bottleneck in insurance distribution

Producer licensing is one of those parts of insurance that tends to stay in the background until it starts slowing everything else down. As...
Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK.

Simply Business brings small business insurance pricing into ChatGPT

Simply Business, a digital insurance marketplace, has launched a business insurance app on ChatGPT in the US, alongside a separate rollout in the UK. The...
Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform for US commercial insurers.

Cytora partners LexisNexis to enhance US commercial underwriting

Cytora, a digital risk processing platform, has announced a strategic relationship with LexisNexis Risk Solutions to embed advanced data and analytics into its platform...
INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and MGAs.

INSTANDA and DataCrest team up to streamline insurance submissions

INSTANDA, a no-code insurance platform provider, has partnered with DataCrest, a workflow solutions firm, to enhance submission intake and quoting efficiency for insurers and...
Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.

Openly boosts expansion plans with funding and Allianz Re deal

Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient,...
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