Latest Georgian News, Insights & Analysis

Auto Insurance

Tractable secures $65m in Series E to revolutionise InsurTech with AI

July 18, 2023

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.

Funding Rounds

InsurTech Beam Dental raises $80m in its Series E round

March 3, 2021

Beam Dental, a dentist-focused insurer, has closed its oversubscribed Series E round on $80m.

Latest Analysis

Insurity has launched its latest product update, known as the Andromeda release, introducing a wide range of new capabilities designed to help property and casualty insurers sharpen decision-making, speed up critical processes, and better control costs.

Company News

Insurity rolls out new Andromeda update to enhance underwriting speed

November 26, 2025

Insurity, a leading provider of cloud-based software for property and casualty (P&C) insurers, brokers, and MGAs, today announced the launch of its Andromeda product release, introducing a new wave of capabilities and intelligent automation across its product portfolio. The release gives insurers the horsepower to drive measurable gains through faster quoting, sharper risk assessment, and lowering costs. The Andromeda release introduces powerful new features across Insurity’s full product family, providing insurers with greater transparency, control, and speed across underwriting, policy, claims, and analytics. Major enhancements include: Get instant, full transparency into premium calculations: See every rate, rule, and factor behind the number. Give underwriters the clarity and confidence they need for every quote, policy, and transaction across the entire policy lifecycle. Model the most realistic catastrophic risk scenarios: Support advanced modeling and reinsurance scenarios with multi-ring accumulation and location-level financial calculations to bring more power and accuracy to catastrophe modeling. Focus on the most profitable submissions: Remove guesswork and quickly identify the most profitable submissions to underwrite with intelligent, data-driven submission scoring. See claims data directly in underwriting workflows: Get a full picture of risk without switching systems by quickly reviewing claims data alongside policy information directly in the underwriting workflow to make faster, more informed decisions. Empower field teams to reduce and prevent losses: Perform surveys or inspections on the go with an intuitive mobile app designed for field efficiency and cleaner data capture. Automate mid-term producer license verifications for workers’ comp: Stay compliant and remove manual work by validating agent and branch state licenses automatically when a new unit is added via endorsement. These updates bring intelligent automation, enhanced usability, and stronger integration across the Insurity ecosystem, empowering insurers to turn everyday decisions into meaningful business advantages. The full list of Andromeda features is available on Insurity’s website. “Every insurer is unique, and we’re rapidly investing in R&D to bring our customers flexible software that enables them to maintain that uniqueness and grow profitably,” said Jatin Atre, Chief Business Officer and EVP of Software and Analytics at Insurity. “The Andromeda Release is focused on freeing insurers from rigid systems and empowering them with intelligent, flexible tools that fit the way they do business. Andromeda showcases how we’re delivering real innovation to solve the hardest problems for our customers.” These innovations are part of Insurity’s broader investment of $50 million in R&D, a reflection of the company’s focus on long-term, sustainable product development that delivers value to customers. The Andromeda release reaffirms Insurity’s vision to empower insurers to grow profitably by providing products that launch effortlessly, deliver a hyper-configurable user experience, are purpose-built for commercial lines, and use AI to power smarter decisions for insurers.

Company News

MAPFRE RE returns with €125m cat bond deal

November 26, 2025

Counterpart, the Los Angeles-based Agentic Insurance™ platform, has announced an expansion of its Affirmative Artificial Intelligence (AI) Coverage and the launch of a new Technology Errors and Omissions (E&O) Insuring Agreement.

Commercial/Enterprise Insurance

Counterpart boosts AI protection in liability products

November 26, 2025

Mox Bank, a Hong Kong-based digital bank known for its mobile-first financial services, has launched Travel Pick & Go, a highly customisable travel insurance solution exclusively available through the Mox app.

Company News

Mox Bank rolls out new Travel Pick & Go cover

November 26, 2025

Tag: Georgian

Tractable secures $65m in Series E to revolutionise InsurTech with AI

InsurTech Beam Dental raises $80m in its Series E round

Latest Analysis

Insurity rolls out new Andromeda update to enhance underwriting speed

MAPFRE RE returns with €125m cat bond deal

Counterpart boosts AI protection in liability products

Mox Bank rolls out new Travel Pick & Go cover