Category : InsurTech

Guest Posts InsurTech

2047 Vision of Insurance for All: A United Push for Health Insurance Coverage

Santanu Agarwal
by Santanu Agarwal0
The Insurance Regulatory and Development Authority of India’s (IRDAI) vision of “Insurance for All by 2047” aligns perfectly with the government’s push for wider healthcare access. This ambitious goal can be achieved through a powerful combination of public and private initiatives, each leveraging their unique strengths. Government’s Push for Insurance ......
InsurTech News

CrashBay, the First Collision Repair Marketplace, Secures Funding to Transform How Consumers, Insurance Companies and Repairers Connect

PR Newswire
by PR Newswire0
The funding marks a pivotal milestone in CrashBay’s commitment to transforming the collision repair industry and reshaping direct repair programs. CrashBay, the premier digital marketplace revolutionizing collision repair solutions for fleets and carriers, announced the successful completion of a $1.25 million funding round led by venture capital firm Markd, with participation from......
InsurTech News

InsureMO Partners With MoneyHero Group to Create the Premiere Digital Insurance Aggregation and Comparison Platform in Greater Southeast Asia

PR Newswire
by PR Newswire0
Through this collaboration, MoneyHero continues to strengthen its position as the premiere digital insurance aggregation and comparison platform in Greater Southeast Asia. InsureMO is thrilled to announce its strategic partnership with MoneyHero Limited to create the premiere digital insurance aggregation and comparison platform in Greater Southeast Asia. InsureMO’s cutting-edge middleware platform......
InsurTech News

Manulife Closes Largest Canadian Universal Life Reinsurance Transaction with RGA

PR Newswire
by PR Newswire0
Manulife has received OSFI approval to amend our current share buyback program, which commenced on February 23, 2024, to return unlocked capital from the transaction to its shareholders. Manulife announced that it has successfully closed1 the previously announced transaction to reinsure a low ROE Canadian Universal Life block with RGA Life......
InsurTech News

$50 Billion Opportunity Emerges for Insurers Worldwide From Generative AI’s Potential to Boost Revenues and Take out Costs

PR Newswire
by PR Newswire0
As generative AI continues to evolve, Bain urges insurance companies to take several critical steps to adapt to the fast-developing technology. Insurance businesses worldwide have a $50 billion dollar financial opportunity from generative AI to harness the technology in ways that could boost their revenues by as much as 20% and cut......
InsurTech News

Policybazaar Emerges as Preferred Choice for NRIs

Fintech News Desk
by Fintech News Desk0
The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs residing in the US, Canada, and select European countries. Policybazaar, one of India’s online insurance marketplaces, is witnessing a significant increase in non-resident Indians (NRIs) choosing term......
InsurTech News

ZeroEyes Selected for Prestigious Lloyd’s Lab Accelerator Program for InsurTech Innovation

PR Newswire
by PR Newswire0
The company was accepted following an in-depth selection process evaluating 270 applicants from over 33 countries. ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, announced that it has been selected for the award-winning and globally......
InsurTech News

IPQ 6.0 Reveals South Zone Leads in Financial Security With 8 in 10 Urban Residents Insured

PR Newswire
by PR Newswire0
As per the survey, South India continues to be India’s most financially protected zone with a Protection Quotient of 49, with progress made across all three aspects Knowledge Index at 65 points (increase of 8 points), Life Insurance ownership levels at 80% (increase of 2%), Security levels at 77% (equal......
InsurTech News

Simply Business Surpasses One Million Customers Globally

PR Newswire
by PR Newswire0
This achievement underscores the company’s progress in modernizing the way small businesses research and buy insurance. Simply Business, the leading digital insurance marketplace focused on small businesses, announced today a significant organizational milestone surpassing one million active customers worldwide. This achievement underscores the company’s progress in modernizing the way small businesses......
InsurTech News

Clearcover Launches Generative AI Insurance Tool to Expedite Claims Processing and Improve Customer Experience

PR Newswire
by PR Newswire0
The leading insurtech is rolling out a series of AI solutions, including Digital Statement Collection at FNOL. Clearcover, a next-generation car insurance company, announces the launch of its revolutionary generative AI solution that further digitizes statement collection, significantly streamlining the insurance claims process and customer experience. The AI-driven solution utilizes......
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