Category : InsurTech

InsurTech News

Southern Trust Insurance Chooses Duck Creek OnDemand for its Cohesive and Comprehensive Full-Suite Capabilities

Fintech News Desk
by Fintech News Desk0
Cloud-based SaaS implementation will modernize the insurer’s operations and bring greater ease and efficiency to policyholder support Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces Southern Trust Insurance (“Southern Trust”) as the latest insurance carrier to embrace Duck Creek OnDemand as......
InsurTech News

Financial Advisors Have Used FIDx’s Platform for More Than $1 Billion in New Annuity Contracts

PR Newswire
by PR Newswire0
Accelerated Growth Driven by Increased Adoption from Financial Advisors Fiduciary Exchange LLC (FIDx) is celebrating a significant milestone: financial advisors have utilized FIDx’s platform, which includes tools and integrated technology solutions for managing annuities, for more than $1 billion in new annuity contracts since the platform’s full market launch in September 2021. “Our......
InsurTech News

Verisk Modernizes System to Combat Insurance Fraud in Israel

GlobeNewswire
by GlobeNewswire0
Digitization of insurance has led to rising consumer expectations for a simpler and faster claims experience Verisk announced the launch of its new ClaimSearch system in Israel. Developed in collaboration with the Israel Insurance Association and with the backing of the government, this state-of-the-art, cloud-based system aims to revolutionize the......
Fintech InsurTech News

Companion Protect, National Pet Insurance Administrator, Announces Completion of $27 Million Series A Financing Led

Business Wire
by Business Wire0
Strategic investments from Avanta Ventures, Liberty Mutual Insurance, Old Republic International Corporation, and Stray Dog Enterprises to fuel digital innovations in customer and agent experience Companion Protect, a Kansas City-based pet insurance and pet wellness administration company, announced it has raised $27 million in its Series A financing round from......
InsurTech News

Verisk Enters Egypt Health Insurance Market Through AXA Deal

GlobeNewswire
by GlobeNewswire0
AXA selects Verisk’s Health Risk Rating Tool and Ratings Engine to assess substandard risks posed by pre-existing medical conditions AXA Life & Health Reinsurance Solutions has selected Verisk’s Health Risk Rating Tool and Ratings Engine to help its insurance partners in Egypt automate health insurance underwriting based on the declared......
InsurTech News

Irys Insurtech Closes $3.5 Million Seed Round to Take on Legacy Competitors

PR Newswire
by PR Newswire0
Irys Insurtech, Inc., a pioneering insurtech startup, has closed a seed funding round of $3.5 million, marking its entrance into the market dominated by stagnant legacy agency management systems. The funding round was led by Markd, known for its keen interest in groundbreaking insurtech innovations. This investment heralds a new era where......
InsurTech News

AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries

Business Wire
by Business Wire0
AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company, U.S. Underwriters Insurance Company (Bismarck, ND), Mount Vernon Specialty Insurance Company and Radnor Specialty Insurance Company.......
InsurTech News

Frank Winston Crum Insurance Selects Majesco Policy and Billing for P&C, and Distribution Management on Majesco Cloud Platform

Business Wire
by Business Wire0
Majesco, a global leader of cloud insurance platform software for insurance business transformation, announced Frank Winston Crum Insurance (FWCI), a commercial insurance carrier, selected Majesco Policy and Billing for P&C, and Distribution Management on Majesco’s cloud platform. This investment will help FWCI support their growth plans for their current product......
InsurTech News

NNB Petroleum Distribution Excess Program with New $10 Million Limits

Business Wire
by Business Wire0
Carlsbad, California-based Integrated Specialty Coverages (“ISC”), a leading, multi-line program administrator that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics, has announced that Northeast National Brokerage (NNB), an ISC company, has increased limits for its Petroleum Distribution Excess program. Latest Fintech Interview Global Fintech Interview......
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