Tag: Insurance Technology

General Magic raises $7.2m to speed up insurance quotes

General Magic, an AI agent platform for the insurance industry, has raised a $7.2m seed funding round, bringing its total funding to $8.4m. The round...

Californian firms dominated the US InsurTech industry with a third of...

Key US InsurTech investment stats in Q4 2025: US InsurTech deal activity grew by 33% YoY in Q4 2025 Californian firms secured a third...

Global InsurTech funding declined 20% in 2025 as deals over $100m...

Key global InsurTech investment stats in 2025: Global InsurTech investments declined by 20% YoY in 2025 Deals over $100m halved as investors shifted toward...

UK firms secured over a third of all European InsurTech deals...

Key European InsurTech investment stats in 2025: European InsurTech deal activity fell by 12% YoY in 2025 UK firms dominated the European InsurTech marketplace...

California retained its top position in the US InsurTech market with...

Key US InsurTech investment stats in 2025: US InsurTech deal activity increased by 6% YoY Californian companies retained their top spot in the US...

European InsurTech funding plummeted by 40% YoY in 2025 due to...

Key European InsurTech investment stats in 2025: European InsurTech funding plummeted by 40% YoY Larger deals (over $100m) dropped by 44% as investors grew...

US cemented its place as the global InsurTech hub attracting six...

Key global InsurTech investment stats in Q4 2025: Global InsurTech funding doubled YoY in Q4 US companies secured six of the top 10 deals...

Cytora embeds open-source intelligence to reduce claims leakage

Cytora has entered a new partnership with Pilotbird as it looks to strengthen fraud detection and claims accuracy for commercial and property and casualty insurers. Through...

US companies dominated global InsurTech market raking in over half of...

Key global InsurTech investment stats in Q1 - Q3 2025: Global InsurTech deal activity dropped by 12% YoY US companies secured over half of...

Why underwriting workbenches are transforming insurance

For decades, the underwriting process has been slowed by labour-intensive tasks, disjointed systems, and repetitive manual work. Traditional methods often require underwriters to gather information...
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