Tag: Auto Insurance

Milepost Insurance Agency has become part of the Truckstop Partner Marketplace, in a collaboration set to offer reliable and comprehensive insurance coverage to independent truck owner-operators.

InsurTech Lula has raised $35.5m in a Series B funding round following a massive surge in customers. 

Snapsheet, the Chicago-based firm leading the charge in claims management technology, has successfully secured a strategic investment. As an innovator in its sector, Snapsheet's mission is to redefine the landscape of claims handling through its proprietary platform.

Tractable, an established leader in the application of artificial intelligence (AI) to assess the condition of cars and properties, has just announced its latest fundraising success.

Admiral Seguros, a key player in the Spanish motor insurance market and an operational arm of Admiral Group, and ING Spain, a renowned banking institution, have unveiled an innovative digital bancassurance partnership.

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.

Australian digital insurance company Open has signed a partnership with Bupa, an international healthcare group,

Liberty Mutual Insurance has acquired certain technology assets of Insurance Portal Services (Fetch), which allows auto manufacturers and dealers integrate auto insurance.

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

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.