Tag: AI in Insurance

AI expert agents are emerging as powerful tools in the insurance industry, reshaping the underwriting process by mimicking human decision-making. As artificial intelligence continues...

Kennedys IQ, the client-facing technology division of global law firm Kennedys, has introduced SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution for the insurance sector.

Sixfold, a pioneer in generative AI solutions for insurance risk analysis, has launched its AI Accuracy Validator, a tool designed to improve underwriter confidence in AI-generated risk assessments.

Key Asian InsurTech investment stats in 2024: Asian InsurTech deal activity dropped by 64% YoY India secured over a third of the Asian InsurTech...

AI in insurance market is expected to grow from $8.13bn in 2024 to $141.44bn by 2034, driven by investments in AI-powered risk assessment...

Key Asian InsurTech investment stats in 2024: Asian InsurTech funding plunged by 71%in 2024 Deals over $100m in 2024 reached a 5-year low bolttech,...

359 senior insurance professionals were surveyed, managing over $13tn in assets on their balance sheets Only 20% of respondents haven’t considered AI, whereas...

Key European InsurTech investment stats in 2024: European InsurTech deal activity dropped by 54% YoY UK companies secured a third of the deals as...

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.