Sector Updates

New York-based Lemonade, an AI-powered InsurTech firm with a strong emphasis on social impact, recently announced a significant partnership with General Catalyst (GC), a reputable venture capital firm and one of Lemonade's initial backers.

Leading driving safety analytics firm, Zendrive, has announced a strategic partnership with Autio, the unique location-based audio entertainment app. This innovative alliance pairs compelling audio stories with the concept of safer driving, delivering a distinctive, engaging experience for drivers on the road.

One Inc, the premier digital payments network in the insurance sector, has announced its collaboration with Safety Insurance Group (Safety) to revolutionise the customer experience and introduce instant claims payment functionality.

In a progressive move towards amplified cyber risk management, KYND, renowned for its advanced cyber risk management technology, has announced a partnership with MDS, a Portugal-based Lloyd’s broker extending into the world's largest specialised insurance market.

Leading cyber underwriter, Corvus Insurance, recognised for its proprietary AI-driven cyber risk platform, has introduced innovative features driven by artificial intelligence (AI) and natural language processing (NLP) within its Corvus Risk Navigator™.

Novidea, a leading innovator of a cloud-based, data-driven insurance management platform catering to brokers, agents, MGAs/MGUs, and wholesalers, has announced the appointment of Erez Nissim as their new Chief Technology Officer (CTO).

New York-based Capchase, a foremost provider of financing solutions tailored for Software-as-a-Service (SaaS) companies, announced today a significant milestone in its 2021 initiative dedicated to supplying non-dilutive capital to women and minority-led startups.

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.