Tag: AI

There were 12 million car accidents in the US in 2019, according to data from Statista. Each of these comes with an insurance claim, but these processes are too long and inefficient.

It has been said AI is not a silver bullet to all the insurance industry’s shortcomings. So, what’s all the chatter about? Where is it best suited, and what (if any) are its limits?

Beesafe, which is part of the Vienna Insurance Group, with leverage Tractable’s AI technology to assess car damage and accelerate claim processes.

Like many areas of insurance, the healthcare space is in a big period of change. Cloud Insurance has highlighted the five emerging technology trends in the space that could really disrupt the sector.

InsurTech is evolving rapidly. The sector has flourished over the past few years and new trends are always taking centre stage. To stay ahead...

AI-powered software developer Guidewire Software has acquired HazardHub, an API-driven property risk insights provider.

FOXO Technologies, which leverages AI-driven bioinformatics and microarray technologies for the life science space, has closed a $10m investment round.

Tractable, which leverages AI to improve recovery from accidents and natural disasters, has named former Microsoft CFO John Connors as its latest board of directors member.

BGL Group has launched an AI-powered counter fraud pre-sale technology solution, which will be capable of identifying criminal activity.

AI platform for insurance i3 Systems has reportedly bagged $1.5m in a funding round, which will aid the enhancement of its technology.