Tag: Fintech

mTek, a Kenyan-based InsurTech firm, has secured an investment of $1.25m (KSh 167.8m) to advance its expansion plans within the Kenyan and East African insurance markets.

In the ever-evolving landscape of banking, financial services, and insurance (BFSI), a groundbreaking movement is underway, poised to revolutionise traditional operations and service delivery. At the forefront of this transformation is Intelligent Process Automation (IPA) – a pioneering blend of Artificial Intelligence (AI) and advanced process automation technologies. IPA is not merely an incremental improvement; it represents a paradigm shift, specifically engineered to automate written inquiries. InsurTech firm Simplifai investigates this pioneering technology. 

Chaucer Insurance, a specialty insurer and reinsurer, has joined forces with Gabriel, a Tel Aviv-based technology company, to introduce a pioneering insurance product designed specifically for mass shooting events.

Buddy, a leading InsurTech shaping the future of embedded insurance, has announced its partnership with Stripe to introduce innovative e-commerce capabilities tailored for the insurance sector.

Duck Creek Technologies, a leading provider of intelligent solutions for property and casualty (P&C) and general insurance, has launched Duck Creek Payments in the North American market.

CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, has announced a new addition to its board of directors. 

Insurity, a leading provider of cloud software for insurance carriers, brokers, and MGAs, has partnered with OIP Robotics to revolutionise data processing within the Property & Casualty (P&C) insurance sector.

The CareVoice, a prominent global embedded health enabler for insurers, has successfully concluded its Series B funding round, raising close to $10m.

Akur8, the next-generation insurance pricing solution provider, has joined forces with Guidewire to introduce the Akur8 Accelerator for AI-Powered Pricing.

Nationwide, a leading insurance carrier, has appointed George Williams to lead its Small Market Commercial Lines business.