Tag: Insurance Technology
InsurTech platform CoverForce secures $13m Series A to enhance carrier-agency connectivity
CoverForce, an InsurTech platform focused on enhancing infrastructure and connectivity within the commercial insurance sector, has raised $13m in a Series A funding round.
The...
Fusion Specialty partners with Insly to streamline M&A insurance operations
Fusion Specialty, a global underwriting agency (managing general agent), has partnered with Insly, an insurance software provider, to modernise its operations and enhance efficiency.
AI-driven InsurTech CompScience raises $27.6m to enhance workplace safety
CompScience, an AI-driven InsurTech focused on workplace safety, has secured $27.6m in a Series B funding round led by Sands Capital.
Outdoorsy Group’s Roamly expands into Canada with Canadian Access acquisition
The Outdoorsy Group has announced the expansion of its InsurTech platform Roamly into Canada, marking a key step in its international growth strategy.
AI-driven InsurTech Adaptive Insurance secures $5m to launch climate resilience platform
Adaptive Insurance, a Texas-based climate resilience company, has secured $5m in a seed funding round to accelerate the rollout of its AI-driven parametric insurance solutions aimed at protecting businesses from climate-related disruptions.
Only 20% of insurance execs are not considering AI for their...
359 senior insurance professionals were surveyed, managing over $13tn in assets on their balance sheets
Only 20% of respondents haven’t considered AI, whereas...
MENA InsureLab secures backing from TIC to boost InsurTech innovation
MENA InsureLab, an InsurTech accelerator and venture builder, has secured strategic backing from TIC Technology Innovation Capital, a US-based venture capital firm.
The investment comes...
UK continues to lead European InsurTech with a third of all...
Key European InsurTech investment stats in 2024:
European InsurTech deal activity dropped by 54% YoY
UK companies secured a third of the deals as...
Digital insurance broker UpCover secures $19m Series A funding
Digital insurance broker UpCover, which specialises in commercial insurance solutions, has raised $19m in a Series A funding round to accelerate the growth of its platform.
How AI is revolutionising underwriting
A recent report by Capgemini highlights that 62% of insurance executives acknowledge AI and machine learning as crucial for enhancing underwriting quality and reducing fraud. However, only 43% of underwriters consistently trust predictive analytics recommendations. This discrepancy raises an essential question: how can AI truly transform underwriting, and what trends are driving its adoption in the InsurTech industry? Custom software development company Symfa investigates.
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