Sector Updates

Applied Systems acquires Cytora to expand AI in insurance

Applied Systems acquires Cytora to expand AI in insurance

Applied Systems has acquired Cytora, a digital risk processing platform for the insurance sector, in a move aimed at strengthening its artificial intelligence (AI) capabilities.
Paid leave provider Parento secures $5.9m seed funding

Paid leave provider Parento secures $5.9m seed funding

Parento, a US-based provider of parental leave insurance and support services, has raised $5.9m in a Seed II funding round to expand its offering to businesses of all sizes.
KYND, a cyber risk management FinTech, has partnered with DUAL, a leading global MGA, to enhance cyber insurance solutions worldwide.

DUAL teams up with KYND to enhance cyber insurance solutions

KYND, a cyber risk management FinTech, has partnered with DUAL, a leading global MGA, to enhance cyber insurance solutions worldwide. The partnership will integrate...
Earnix, a global leader in dynamic AI for insurance and banking, has raised $290m in a single-asset Continuation Vehicle led by TPG GP Solutions in partnership with JVP, the venture capital firm that initially backed the company.

Earnix raises $290m to expand AI insurance platform

Earnix, a global leader in dynamic AI for insurance and banking, has raised $290m in a single-asset Continuation Vehicle led by TPG GP Solutions...
Kin, a Chicago-based digital home insurance provider, has completed an oversubscribed $50m Series E round, to continue its expansion across the United States.

Digital insurer Kin bags $50m Series E

Kin, a Chicago-based digital home insurance provider, has completed an oversubscribed $50m Series E round, to continue its expansion across the United States. The  tranche...
Sedgwick, the global leader in risk and claims administration with more than 33,000 employees serving 10,000 clients across 80 countries, has announced the appointment of Vishy Padmanabhan as its first chief transformation officer.

Sedgwick appoints Vishy Padmanabhan as chief transformation officer

Sedgwick, the global leader in risk and claims administration with more than 33,000 employees serving 10,000 clients across 80 countries, has announced the appointment...
Quantiphi, an AI-first digital engineering company, and Amazon Web Services (AWS) have expanded their Strategic Collaboration Agreement (SCA) to accelerate enterprise-ready generative AI solutions.

AWS deepens collaboration with Quantiphi on generative AI

Quantiphi, an AI-first digital engineering company, and Amazon Web Services (AWS) have expanded their Strategic Collaboration Agreement (SCA) to accelerate enterprise-ready generative AI solutions. The...
Elysian, an AI-native third-party administrator for commercial insurance claims, has closed a $6m seed funding round.

Elysian secures $6m to transform commercial claims with AI

Elysian, an AI-native third-party administrator for commercial insurance claims, has closed a $6m seed funding round. The round was led by Portage, with additional participation...
Clearspeed, a global leader in voice-based risk assessment technology, has partnered with Pinnacol Assurance, Colorado’s top workers’ compensation insurer.

Pinnacol teams with Clearspeed to streamline claims engagement

Clearspeed, a global leader in voice-based risk assessment technology, has partnered with Pinnacol Assurance, Colorado’s top workers’ compensation insurer. The collaboration aims to improve Pinnacol’s...
Tangram Insurance Services, a national MGA, and INSTANDA, a no-code InsurTech platform, have partnered to launch a general liability product for the security guard industry.

Tangram and INSTANDA launch new liability product for security sector

Tangram Insurance Services, a national MGA, and INSTANDA, a no-code InsurTech platform, have partnered to launch a general liability product for the security guard...
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News Stories

Plum secures ₹193cr ($20.6m) to reach 10 million employees

Plum, an Indian employee health and corporate insurance platform, has raised a Series B round of ₹193 crore ($20.6m) to scale its claims experience...
Notch closes $30m round to power end-to-end AI agents

Notch closes $30m round to power end-to-end AI agents

Notch, an AI operating system for regulated industries, has closed a $30m Series A funding round, taking its total capital raised to $45m. The raise...
The insurance industry is undergoing a period of rapid transformation as carriers increasingly turn to artificial intelligence, automation and advanced analytics to improve decision-making and accelerate pricing processes.

How Akur8 is building an end-to-end actuarial platform for the next era of insurance

The insurance industry is undergoing a period of rapid transformation as carriers increasingly turn to artificial intelligence, automation and advanced analytics to improve decision-making...
Chubb has partnered with Safe Harbor Marinas, the world’s largest owner and operator of marinas, to become the preferred insurance provider for its members.

Chubb named preferred insurer for Safe Harbor Marinas

Chubb has partnered with Safe Harbor Marinas, the world’s largest owner and operator of marinas, to become the preferred insurance provider for its members. The...
Cytora, a digital risk processing platform for insurers, has partnered with Ideal Postcodes to integrate address validation and postcode intelligence into its underwriting workflows.

Cytora integrates Ideal Postcodes address data

Cytora, a digital risk processing platform for insurers, has partnered with Ideal Postcodes to integrate address validation and postcode intelligence into its underwriting workflows. The...
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