Tag: AI in Insurance

Herald, a trailblazer in digital insurance infrastructure, has just secured $12m Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures, with additional participation from Afore Capital and Underscore Venture Capital.

West Bend Insurance, a personal lines insurer, has expanded its collaboration with ZestyAI, a leader in climate and property risk analytics.

Key US InsurTech investment stats in Q2 2024: US InsurTech funding dropped by 67% YoY during the second quarter The average deal size completed...

Akur8 and Mutual Capital Analytics have announced a strategic partnership aimed at transforming insurance pricing through advanced, AI-driven technologies. Akur8 is renowned for its innovative...

The evolution from manual to automated systems in the insurance industry marks a significant leap towards efficiency and precision. This transition, driven by the need to overcome the limitations of traditional underwriting methods, has paved the way for a new era of insurance operations. An automated underwriting system stands at the forefront of this transformation, leveraging advanced analytics and algorithms to streamline decision-making and risk assessment processes.

Earnix, the premier provider of AI-based Software-as-a-Service (SaaS) solutions for the financial services sector, has joined forces with Sollers Consulting, an international operational advisory...

CLARA Analytics, a leading AI as a service (AIaaS) provider focused on transforming casualty claims outcomes, has recently announced a significant financial boost. This investment,...

Kooperativa, a leading insurer part of the Vienna Insurance Group, has embraced Resistant AI's Document Forensics technology to combat fraudulent insurance claims.

As the insurance industry continues to undergo a dramatic transformation, with the adoption of Artificial Intelligence (AI) emerging as a pivotal remedy for age-old challenges. This technological shift isn't merely about enhancing customer experiences; it's also about refining internal operations for efficiency gains, as distriBind explains.

Cytora, a leading digital risk processing platform, has announced a strategic partnership with Veridion, a specialist in AI-powered business data and market intelligence. This collaboration aims to bring a new level of efficiency and insight to the insurance market.