Tag: insurance automation

Key Global InsurTech investment stats in H1 2025: Global InsurTech funding dropped by 47% in H1 At current investment pace, funding is projected to...

TransRe has joined forces with digital risk processing platform Cytora to digitise its global facultative reinsurance operations, deploying Cytora’s agentic AI-powered Concierge service to overhaul its underwriting workflows.

Cytora has launched a new agentic AI-powered tool, Unified Risk Reasoning, which marks a major step forward in the full automation of risk workflows for insurance professionals.

Amsterdam-based MarvelX, a FinTech start-up focused on operational automation in financial services, has closed a $6m seed funding round to support the launch of its AI-powered platform for the insurance sector.

Key European InsurTech investment stats in Q1 2025: European InsurTech funding jumped 2.6x QoQ in Q1 2025 Average deal value rose to $19.7m as...

IntellectAI has introduced a new breed of AI-driven underwriting tools designed to elevate decision-making across commercial and specialty lines.

Kennedys IQ, the client-facing technology division of global law firm Kennedys, has introduced SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution for the insurance sector.

Key Asian InsurTech investment stats in 2024: Asian InsurTech deal activity dropped by 64% YoY India secured over a third of the Asian InsurTech...

AI in insurance market is expected to grow from $8.13bn in 2024 to $141.44bn by 2034, driven by investments in AI-powered risk assessment...

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