Category : InsurTech

InsurTech Investment Services News

COVU Secures an Additional $12.5 Million in Series A Funding

Business Wire
by Business Wire0
COVU, Inc., a leader in AI-native services for insurance agencies, announced the successful completion of $12.5 million in equity and debt financing, as part of the first tranche of its Series A funding round. This brings total funding to date to over $20 million. The funding round attracted investment from......
Digital Payments InsurTech News

Ascend and Anzen Announce Strategic Partnership to Streamline Retail Financial Operations in Executive Risk Insurance

PR Newswire
by PR Newswire0
New Partnership Provides Wholesale Solutions with Seamless Payment Automation and AI-Powered Specialty Insurance Placement Ascend, a comprehensive financial operations automation platform, is excited to announce a strategic partnership with Anzen, the modern wholesale brokerage – offering extensive management, cyber, and professional liability markets for Executive Risk insurance. This collaboration equips......
Artificial Intelligence InsurTech News

OneShield Expands Technology Ecosystem with Charlee.ai, Enhancing AI Capabilities within their Core Platforms

PR Newswire
by PR Newswire0
OneShield, a leading provider of core system solutions to the insurance industry, is proud to announce a strategic alliance with Charlee.ai, an innovative AI platform specializing in machine learning and predictive analytics for insurance. This integration will empower insurers with more efficient and accurate claims processing, further enhancing OneShield’s commitment to providing......
Artificial Intelligence InsurTech News

EXL Launches Specialized Insurance Large Language Model (LLM) leveraging NVIDIA AI Enterprise

EIN Presswire
by EIN Presswire0
EXL, a leading data analytics and digital operations and solutions company, announced the launch of the EXL Insurance LLM, an industry-specific LLM. Building on EXL’s recently announced initiative with NVIDIA AI Enterprise, the EXL Insurance LLM is the first industry-specific LLM created to support critical claims and underwriting-related tasks, such as......
Fintech InsurTech News

arqu Secures $10 Million in Series A Funding to Accelerate Transformation in Wholesale Insurance

Business Wire
by Business Wire0
arqu, a tech-enabled wholesale insurance brokerage transforming how large-scale, complex commercial risks are transacted in the $100bn Excess & Surplus (E&S) market, announces its $10 million Series A financing, led by Crosslink Capital with participation from Intact Ventures. arqu also saw continued support from all existing investors, Lightspeed Venture Partners, Foxe Capital and Nationwide Ventures. “arqu is not......
Fintech InsurTech News

Global Insurtech BOXX Insurance Hires Beazley Digital Executive to Drive USA Expansion and Announces New Latin America Leadership

PR Newswire
by PR Newswire0
Cyber specialist BOXX appoints Christyn Yoast as the new USA President and Hilario Itriago as President, Latin America. BOXX Insurance, a leading global cyber Insurtech, is excited to announce two pivotal leadership appointments. Christyn Yoast has been named President, BOXX USA, and Hilario Itriago, the former BOXX USA leader, will now take on the newly formed role of President, Latin America. Yoast joins BOXX......
Fintech InsurTech News

CertifID Announces Expansion of Insurance to Address Escalating Risk of Wire Fraud

Business Wire
by Business Wire0
The company has doubled its maximum coverage tier to $2 million per verified transaction to meet rising business demand and housing values CertifID, a leader in wire fraud protection, announced up to $2 million in direct, first-party insurance coverage on every wire transfer that is verified by the company. Thursday’s......
Artificial Intelligence InsurTech News

Roots Automation Raises $22.2 Million to Unlock the Value Held within Unstructured Data across Insurance with AI

PR Newswire
by PR Newswire0
Capital will accelerate growth and build upon Roots Automation’s made-for-insurance AI, enabling carriers, TPAs, brokers, and agents to drive significant improvements in overall business performance Roots Automation, creator of the AI-powered Digital Coworker and InsurGPT™, the world’s first generative AI model for insurance, announced the closing of a $22.2 million Series B funding round.......
Fintech InsurTech News

Ushur Launches AI-Powered Self-Service Solution to Modernize End-To-End Short-Term Disability Absence Engagement

EIN Presswire
by EIN Presswire0
Supports insurance carriers constrained by manual outreach for critical absence-related communications and information sharing Ushur, a leader in AI-powered Customer Experience Automation (CXA), announced the launch of an end-to-end solution for insurance carriers offering group and worksite benefits. The new Ushur solution is designed to streamline communications and information sharing......
InsurTech News

Nirvana Raises $24.2M Series A to Revolutionize Health Insurance Verification

Business Wire
by Business Wire0
Nirvana, a health tech company that brings radical transparency to eligibility and insurance verification with ML/AI, announced it has raised $24.2 million in Series A funding. Northzone, a global VC firm, led the round with the participation of Inspired Capital, Eniac Ventures, and Surface Ventures. We believe Nirvana has the......
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