Sector Updates

Travelers, a leading insurance provider has entered into a definitive agreement to acquire cyber InsurTech firm Corvus for $435m.

Layr, an Insurtech company for independent commercial insurance brokerages, has secured $10m in its recent funding round.

Many insurance companies offer their customers the convenience of scanning and submitting claims-related documents through dedicated mobile apps. While this approach works well for many, not all users want to download additional applications. Fortunately, there's an alternative solution that combines efficiency and user-friendliness – implementing a Web SDK for document scanning directly through browsers.

The turbulent financial market is forcing companies to increase the scrutiny of their budgets. Rather than simply allowing hype to dictate their spending, firms are starting to see whether their initiatives are generating enough value. One of the areas that could be on the chopping block is public cloud, according to Joel Berwitz - Managing Consultant at technology transformation company CNNECT.

Federato has announced an exciting partnership with Google Cloud to integrate advanced AI capabilities into its RiskOps underwriting platform.

The insurance sector is grappling with a pricing tool dilemma. A significant 81% of insurers express doubts regarding the effectiveness of their current pricing technologies. One of the main culprits? Excel.

Generali has kickstarted its latest venture capital initiative aiming to bolster innovation and identify fresh market opportunities.

Sprout.ai, an "AI-led insurance claims automation company", has successfully secured an investment of £5.4m in a recent investment round. Spearheading this round were notable...

NEXT Insurance, a "leading technology-first small business insurer", has unveiled its strategic alliance with Allstate.

Pathpoint has revealed that it has experienced significant growth with over 14,000 registered agents and a 20% monthly increase in submission volume since partnering with Novidea.