InsurTech

Madrid-based InsurTech firm, Bdeo, known for its robust AI applications in the insurance and fleet industries, has successfully secured an additional funding of €7.5m.

Hong Kong-based OneDegree Group, a leader in digital asset insurance and generative AI-enabled InsurTech solutions, has successfully garnered a significant amount of funding in their recent investment round.

Wisedocs, the trailblazing artificial intelligence software provider in the insurance industry, has recently announced its latest innovation, the AI Medical Summary Platform. Building on its existing suite of medical record review software, this ground-breaking platform presents a simplified and accelerated solution for medical record reviews catering to the diverse stakeholders in the insurance ecosystem.

Greater Than, a global provider of driver crash probability and climate impact intelligence, has joined forces with Duck Creek Technologies, a leading provider of intelligent solutions in the property and casualty (P&C) and general insurance sector. These two FinTech giants are making strides in the world of InsurTech.

In a significant industry development, Southern Trust Insurance, a reputed insurance provider with a stronghold across the Southeast for more than half a century, and Arbour National, a specialist in long-term ownership of niche Property & Casualty insurance companies, have inked a definitive agreement for a partnership.

In the rapidly evolving health insurance landscape, Berlin-based Medigo has transformed its claim management process through a fruitful partnership with hi.health.

Novidea, a leading InsurTech creator of the cloud-based, data-driven enterprise insurance management platform, is welcoming the newest addition to their senior leadership team, Erez Nissim.

Nassau Financial Group, a Hartford, Connecticut-based growth-oriented and digitally enabled financial services company, has today announced an exciting new partnership with LifeYield, a leading FinTech firm specialising in applications aimed at optimising retirement income, maximising Social Security, and minimising the tax impact on investments for clients.

As insurance firms eagerly adopt technology to improve their operations, Max Stratmann – chief revenue officer at Scanbot SDK – believes that digital document scanning is the key. 

The cost of living crisis in the UK has contributed to a dramatic increase in insurance fraud, with a surge of 61% reported, according to the City of London Police's Insurance Fraud Enforcement Department (IFED).