Tag: AI

ZestyAI, a US-based InsurTech company specialising in AI-powered risk analytics for the property and casualty insurance sector, has secured a $15m credit facility from CIBC Innovation Banking.

The insurance sector is at an important crossroads. It is currently in a period of increased competition and market pressure, meaning existing growth and profitability strategies are under strain. They need to find a way to cope with this market pressure but not stifle their future growth.

Crabi, a full-stack digital auto insurance company based in Mexico, has secured $13.6m in a new funding round to boost its AI-powered insurance offering and expand access to affordable vehicle coverage nationwide.

RIIG – HOOTL, a provider of AI-powered cybersecurity and health tech solutions, has raised a new round of funding from investors in the United Arab Emirates, marking a key milestone in the company’s international expansion.

Artificial intelligence (AI) is having a profound impact on insurance underwriting, transforming long-established processes and significantly improving insurers’ capabilities. From improving risk assessment to tailoring offers and automating administrative functions, AI is enabling a new era of agility and competitiveness in the InsurTech space, as Earnix explains.

Vitesse, a global treasury and payment provider for the insurance industry, and Five Sigma, an AI-native claims management technology company, have announced a strategic partnership aimed at modernising claims payouts.

Outmarket AI, a newly launched intelligence platform designed to transform the commercial insurance sector, has raised $4.7m in a seed funding round.

Insurance consumers are losing faith in AI, according to Insurity’s 2025 AI in Insurance Report, with only 20% supporting its use across the P&C insurance sector, down from 29% in 2024.

AI-driven InsurTech company COVU has increased its Series A funding to $22m as it looks to scale its artificial intelligence capabilities and expand its...

Waterdrop Inc., a leading technology platform specialising in insurance and healthcare services with a positive social impact, has announced a strategic integration with DeepSeek...