Tag: AI technology

LegalTech Nuvalaw, the multi-award-winning claims resolution platform that specialises in online negotiation and arbitration of P&C insurance claims, has announced a successful raise of $3m in a pre-series A financing round.

FinTech and InsurTech are rapidly evolving, consistently introducing game-changing technologies, among which embedded AI and generative AI stand prominently. These advancements aren’t mere buzzwords but rather critical tools altering the landscape of commercial and specialty insurance, particularly in the realms of underwriting and customer experience.

The InsurTech industry is witnessing a significant transformation with the launch of Intelligent AI's novel Intelligent Rebuild Cost Validation Platform. This data-driven solution is set to confront the persistent issue of commercial property underinsurance, a problem that costs the UK market £340bn in annual premiums.

Mulberri, an innovative artificial intelligence (AI)-driven embedded insurance platform, has introduced the Risk Engine, a risk assessment solution specifically designed for workers' compensation underwriters.