Category : InsurTech

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......
InsurTech News

South Korean Insurtech Carrot has Secured BBI (Behavior Based Insurance) Solution Project of Lippo General Insurance, Indonesia

PR Newswire
by PR Newswire0
Leveraging its accumulated data capabilities and experience, Carrot plans to create integral systems to facilitate LGI’s introduction of BBI product in Indonesia. Carrot General Insurance Corp. (“Carrot” or the “Company”) has taken its first step on the journey to becoming a global insurtech company. Carrot, South Korea’s largest digital insurance carrier, has announced......
InsurTech News

KeyCorp and Blackstone Credit & Insurance Announce Forward Flow Origination Partnership

PR Newswire
by PR Newswire0
Blackstone and Key closed a transaction on a seed portfolio of middle market fund finance facilities. KeyCorp announced a forward flow origination partnership with Blackstone Credit & Insurance (“Blackstone”) focused on Key’s Specialty Finance Lending (SFL) group. SFL is a leading asset-based lender serving clients nationally across middle market, growth capital, transportation,......
InsurTech News

Gen Re and CME Strive To Fully Digitize Life Insurance Onboarding

PR Newswire
by PR Newswire0
The collaboration between these two companies has resulted in developing a software application designed specifically for primary insurers, which was recently featured at the prestigious 34th General Conference of the General Arab Insurance Federation GAIF 2024. Global reinsurance leader Gen Re and multinational technology firm CME have been working together to bring forth a......
InsurTech News

Sure Released the 2024 State of Digital Insurance Report

Fintech News Desk
by Fintech News Desk0
The new survey highlights the difficulties that organizations face as they develop new insurance programs in a market that has long been dominated by a handful of incumbent RSOs. Sure, the insurance technology company that unlocks the potential of digital insurance, released the 2024 State of Digital Insurance Report, revealing......
InsurTech News

Pioneer in Cyber Insurance in Brazil Receives $1.5 Million Funding

PR Newswire
by PR Newswire0
The investment has already enabled the acquisition of Ismac.io, which developed an innovative Managed Detection and Response (MDR) platform. Bluecyber.insure, a pioneering insurtech in cyber insurance in Brazil, has received a $1.5 million investment from VCs Invisto.com.vc and Bossa Invest, as well as strategic investors from the insurance market. “This investment reflects the......
InsurTech News

Sapiens and DataCrest Forge Partnership to Elevate Underwriting Precision in P&C Sector

PR Newswire
by PR Newswire0
The strategic collaboration accelerates operational efficiencies and drives premium growth for P&C insurers Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, and DataCrest, a pioneer in innovative insurance solutions, announced the formation of a strategic partnership to revolutionize the application process and drive premium......
InsurTech News

Noyo Shares 2024 Trends for Benefit Industry

Fintech News Desk
by Fintech News Desk0
Noyo shares trends and a report on the benefits industry.  By Global FinTech Series News Desk  According to Noyo, a firm in benefits data management, this year more insurance carriers will improve their operations through automation including the adoption of API-enabled technology. API technology is gaining strong momentum among carriers,......
InsurTech News

Insurtech Hyperexponential Raises $73 Million Series B; Announces US Expansion

Fintech News Desk
by Fintech News Desk0
Battery Ventures leads, Andreessen Horowitz (a16z) co-invests, and Highland Europe increases position Hyperexponential, a global leader in pricing decision intelligence (PDI) software, announced completion of its $73m Series B funding round led by global technology-focused investment firm Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series......
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