Tag: Insurance

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.

Descartes Underwriting, which is helping insurers address climate and emerging risks, has secured $120m in its Series B.

TD Insurance (TDI) has implemented FRISS’ AI-powered fraud risk scoring services to combat the rising prevalence of insurance fraud in Canada.

Security firm Simplisafe has teamed with insurance company Aviva to help businesses reduce the severity or prevent costly insurance claims on their premises.

InsurTech company Finsall has reportedly raised INR 12 crore ($1.6m) in its pre-Series A funding round.

India-based InsurTech unicorn Digit Insurance has reportedly raised $70m from Wellington Hadley Harbor and Ithan Creek Master Investors.

As the world settles into 2022, cloud-based InsurTech Novidea has outlined the three major trends it expects to drive digital transformation this year.

Blockchain-based insurance will transform claims administration and save $10bn in costs globally by 2024, up from $1.1bn in 2021, according to a report from Juniper Research.

While there continues to be huge numbers of mergers and acquisitions (M&A) in insurance, Quantexa feels many are not meeting their full potential.

A recent whitepaper by InsurTech firm Akur8 has provided insights into how the Financial Conduct Authority’s (FCA) price walking ban could impact the insurance industry.