Tag: Artificial Intelligence

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.

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

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

When it comes to creating a great user experience (UX), it’s not just about making technology look good—it’s about making it feel effortless. At Ushur,...

A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.

Instabase, a leading applied artificial intelligence (AI) platform for unstructured data, has announced its $100m Series D funding round.

Onesurance, a Dutch InsurTech startup focused on AI solutions for the insurance industry, has secured seed funding to accelerate its growth and expand its innovative technology.

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital...

Cytora, a leader in digital risk processing for the InsurTech sector, has announced a strategic partnership with TradeAtlas, a global trade data behemoth.

Omnichannel InsurTech firm, Qoala, has successfully completed its Series C funding round, amassing $47m. This significant financial milestone was led by PayPal Ventures alongside MassMutual...