Tag: Google

Raincoat, a startup based in Puerto Rico, has received a significant financial boost with a $150k award from Google.

Emerging from stealth mode, InsurTech company CoverForce has introduced a dynamic suite of products tailored for agency networks, wholesalers, and software firms. The company's objective is to digitise an offline market, offering swift and accurate insurance comparisons and purchases with a single click.

In the late 17th century, Edward Lloyd set up his famous coffee house in London's Tower Street, laying the groundwork for modern insurance. Fast forward almost 350 years and insurance, now a $6tn industry, has evolved drastically. However, specialty insurers today grapple with unprecedented challenges. This article will delve into these emerging issues and technological advancements driving industry transformation.

The recent surge in attention towards generative AI and ChatGPT should not be overlooked. This technology has the potential to revolutionise nearly every industry, offering a multitude of people the chance to engage with AI's transformative capacities.

Meanwhile, a unique life insurer that operates solely in cryptocurrency, has announced that it has raised around $19m across two seed funding rounds.

Axle, which aims to bridge the gap in insurance through a universal API for insurance data, has secured $4m in a fresh funding round.

Pasito, an employee benefits tech startup, has raised $3.25m in seed funding to simplify health and wealth benefits.

Flyreel, an AI solution for property insurance, has secured $3.85m in its latest round of funding, which was led by Gradient Ventures, the AI-focused fund of Google.