Category : InsurTech

Artificial Intelligence InsurTech News

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

EIN Presswire
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
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
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
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
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 InsurGPTâ„¢, 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
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
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......
InsurTech News

Quility Launches Switchboard Funnel, Offering Agents a Streamlined Approach to Sales and Engagement

PR Newswire
Award-winning insurtech, Quility, has announced the launch of its proprietary platform, Switchboard Funnel. Funnel brings life insurance agents an all-in-one sales enablement solution, delivering a simplified, intuitive and effective experience. From lead nurturing to product recommendations and quoting, Switchboard Funnel’s single interface encompasses every component of an agent’s workflow. In early......
Artificial Intelligence Cloud InsurTech News

Majesco Announces Trailblazing New AI Ecosystem Using Majesco Copilot with an Initial Cadre of Innovative AI Partners

Business Wire
Majesco, a global leader of cloud insurance platform software for insurance business transformation, is thrilled to announce the establishment of a new AI specific ecosystem leveraging Majesco Copilot to embed other industry models into Majesco Solution workflows with an initial cadre of partners. “This new AI ecosystem introduces a rapid......
Artificial Intelligence InsurTech News

Simplify Healthcare Unveils Simplify Healthcare AI: Pre-Built AI Solutions for Payers

Business Wire
Simplify Healthcare, a leading provider of enterprise SaaS solutions to Payers (health insurance companies), announced the launch of Simplify Healthcare AI — a suite of pre-built AI solutions for Payers designed to enhance sales, network performance, and service operations. This launch marks the next strategic step in the company’s AI......
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