Category : InsurTech

Fintech InsurTech News

How the Travel Insurance Industry Is Reacting to COVID-19

Fintech News Desk
by Fintech News Desk0
In response to travelers worldwide being impacted by COVID-19, travel insurance providers are already making policy changes to address new concerns and the future of travel. Travel insurance comparison site, Squaremouth.com, spoke with ten leading travel insurance providers to reveal four ways travel insurance is evolving because of COVID-19. Read......
Fintech InsurTech News

InsureMyTrip Reports “Voucher Travel Insurance” On The Rise

Fintech News Desk
by Fintech News Desk0
With a surge of canceled trips due to the COVID-19 pandemic, InsureMyTrip anticipates higher demand for “voucher travel insurance”, once travel resumes. This week, the travel insurance comparison site has already reported an uptick in inquiries from voucher recipients seeking comprehensive travel insurance for future trips. “Right now, travel vouchers......
Fintech InsurTech News

Woodruff Sawyer Adopts CyberCube’s Broking Manager

Fintech News Desk
by Fintech News Desk0
US-based Insurance brokerage Woodruff Sawyer has partnered with CyberCube to become one of the first organizations to leverage CyberCube’s “Broking Manager” in its insurance advisory services. Read More: Abrigo Adds Transparent Artificial Intelligence Scenarios, Direct File to FinCEN to its Financial Crime Prevention Software Insurance brokerage @Woodruff Sawyer has become......
Artificial Intelligence Fintech InsurTech News

Frost & Sullivan Names Shift Technology 2020 Global Claims Solutions for Insurance Market Leadership Award Winner

Fintech News Desk
by Fintech News Desk0
Shift Technology, a provider of AI-native fraud detection and claims automation solutions, announced the company was named the 2020 Global Claims Solutions for Insurance Market Leadership Award Winner by Frost & Sullivan. The information and growth consulting organization’s “Best Practices Awards” are independent, research-backed accolades that identify the market’s true leaders and......
Artificial Intelligence Fintech InsurTech News

Ping An’s Object Detection Model Breaks Record in International Computer Vision Competition

Fintech News Desk
by Fintech News Desk0
Ping An Insurance (Group) Company of China, Ltd. announced that the computer vision object detection model developed by Ping An Technology (Shenzhen) Co., Ltd. (hereafter “Ping An Technology”) has set a new record in the PASCAL VOC Challenge, one of the most authoritative competitions in the world to assess the design......
Capital Markets Fintech InsurTech News

Pie Insurance Raises $127 Million in Latest Financing

Fintech News Desk
by Fintech News Desk0
Small business-focused insurtech will use funds to increase growth and expand operations Pie Insurance, one of the fastest-growing insurtechs in the country, announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined Pie’s current investors in the capital raise, including Greycroft, SVB Capital, Aspect Ventures,......
Banking Fintech InsurTech News

GoBear Accelerates Its Transformation to Become Asia’s Leading Financial Services Platform With US$17M Fundraise

Fintech News Desk
by Fintech News Desk0
GoBear, Asia’s leading financial services platform for insurance, banking and lending products – has raised US$17M from Walvis Participaties and Aegon N.V to accelerate its transformation into a full-fledged financial services platform. “To truly improve financial health in Asia we must address the approximately 300 million people in our markets that remain underserved by existing banking and insurance services. GoBear’s transformation......
Business Fintech InsurTech News

InsurTech Leaders Partner to Equip Independent Agents With Tailored Business Solutions

Fintech News Desk
by Fintech News Desk0
Agencies and insureds benefit from Vertafore’s CRM integration and industry partnerships Vertafore announced the expansion of its open agency management system architecture with the addition of five new members to the Vertafore Orange Partner Program and the release of AMS360 Connect™. The new integrations of leading business solutions with Vertafore......
Artificial Intelligence Fintech InsurTech News

Heritage Insurance Upgrades to Version 11 of Majesco Claims for P&C and Transitions to Majesco CloudInsurer on Microsoft Azure

Fintech News Desk
by Fintech News Desk0
Upgrade improves insurers’ scalability and security to support their large coastal customer base during hurricane season Majesco, a global leader of cloud insurance software, announced that Heritage completed its upgrade to version 11 on April 25, 2020 of Majesco Claims for P&C on the Majesco CloudInsurer platform which is on......
Business Fintech InsurTech News Risk Management

Patra and Assurex Global Announce Multi-Year Strategic Partnership

Fintech News Desk
by Fintech News Desk0
Patra, a leader in technology-enabled solutions for the insurance industry, and Assurex Global, the world’s largest privately-held commercial insurance, risk management, and employee benefits brokerage group, have entered into a multi-year partnership to bring Patra’s latest insurance technology and optimized workflows to Assurex Global partners. As an Assurex Global Platinum......
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