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.
Digit Insurance said to raise $70m investment
India-based InsurTech unicorn Digit Insurance has reportedly raised $70m from Wellington Hadley Harbor and Ithan Creek Master Investors.
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%.
Accelerant secures funding for data-driven underwriting
Accelerant, an InsurTech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, has raised in excess of $190m at a $2bn pre-money valuation.
Cyber insurance startup Baobab nets pre-seed
Baobab, which bundles cybersecurity and cyber insurance services, has reportedly collected €3.5m in its pre-seed funding round.
Amplify gets backing for life insurance investment product
Amplify Life Insurance, a digital life insurance platform focused on helping customers build wealth through permanent life insurance, has raised $12m in Series A funding.
Seel secures Series A for e-commerce insurance
San Francisco-based Seel, which offers insurance for e-commerce companies, has raised $17m in Series A funding, bringing its total funding to $23.6m, according to a report from TechCrunch.
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.
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