Category : InsurTech

Finance InsurTech News

Prismic Life Announces Completion of Oversubscribed Capital Raise

Business Wire
by Business Wire0
Prismic Life Holding Company, LP (Prismic) announced the successful completion of its previously announced capital raise. The approximately US$1.9 billion of total commitments reflects an oversubscribed closing, exceeding its original US$1.6 billion target. The additional capital expands Prismic’s capacity and flexibility to support a broader range of reinsurance opportunities. Read More......
Digital Payments InsurTech News

One Inc Welcomes Fintech Leader Kishore Konakanchi as New Chief Product Officer

Business Wire
by Business Wire0
Former PayPal and Chargebee executive joins leading insurance payments company to drive product strategy and innovation One Inc, the leading digital payments network for the insurance industry, announced the appointment of Fintech veteran Kishore Konakanchi as the company’s new Chief Product Officer (CPO). In this role, Konakanchi will lead product strategy,......
Finance InsurTech News

Energetic Capital Expands Credit Insurance Capabilities and Capacity

Business Wire
by Business Wire0
Energetic successfully renewed its agreements with SCOR alongside new capacity from Lloyds markets led by OAK Global, increasing underwriting capacity and broadening its infrastructure mandate Energetic Capital, a leading provider of credit insurance solutions for clean energy and infrastructure, announced it successfully renewed its arrangement with SCOR, adding some new......
Finance InsurTech News

illumend CEO Kristen Nunery Says AI-Powered COI Software Should Help Companies Rebuild Compliance, Not Preserve Broken Processes

PR Newswire
by PR Newswire0
In a new article, Nunery explains why companies switching Certificate of Insurance (COI) platforms should use the transition to protect continuity, reassess inherited requirements, and rebuild workflows around actual third-party risk. illumend CEO Kristen Nunery says organizations adopting AI-powered Certificate of Insurance (COI) software should treat the transition as an......
Artificial Intelligence InsurTech News

Definity Selects Earnix to Accelerate and Enhance AI-Driven Pricing

Business Wire
by Business Wire0
Leading Canadian P&C insurer modernizes pricing to deliver faster and consistent decisions at scale Earnix, a leader in AI-driven pricing, underwriting, and customer engagement for insurers, announced that Definity, one of Canada’s largest property and casualty insurers, has selected Earnix to accelerate pricing decisions and improve customer response times across its......
Finance InsurTech News

Millennial Shift Technologies Defines the Next Era of Insurance as InsurAI

PR Newswire
by PR Newswire0
mShift positions itself as the first InsurAI company, combining artificial intelligence, insurance expertise, workflow automation, data, APIs, and services to reduce friction across the insurance ecosystem Millennial Shift Technologies (mShift), an intelligent insurance services and solutions company, announced its position as the first InsurAI company, introducing a new category for the......
Artificial Intelligence InsurTech News

ITC Infotech and InsureMO Partner to Bring AI-Driven Insurance Modernisation to Middle East, Africa, and India

Business Wire
by Business Wire0
Alliance combines ITC Infotech’s agentic AI framework with InsureMO’s 2,500+ insurance APIs, enabling carriers to deploy intelligent automation without replacing core systems ITC Infotech, a global technology services and solutions provider, and InsureMO, the global insurance infrastructure platform, announced a strategic alliance to help insurers accelerate modernisation through agentic AI.......
Artificial Intelligence InsurTech News

FurtherAI Appoints Tom Bradley to Lead UK and EU Expansion

Business Wire
by Business Wire0
FurtherAI, the AI platform purpose-built for insurance, announced the appointment of Tom Bradley to lead its UK and EU operations. This marks a significant step in FurtherAI’s international expansion, as the company moves to establish a local presence in one of the world’s most important insurance markets. Read More on......
InsurTech News

PCMS Adds Pilotbird’s Verified Lifestyle Analytics to the Atlas Partner Ecosystem

EIN Presswire
by EIN Presswire0
Pilotbird joins the Atlas partner ecosystem, bringing human-verified lifestyle intelligence to underwriting and claims workflows. PCMS (Property & Casualty Management Systems, Inc.), a provider of cloud-based software solutions for small to mid-size property and casualty insurance carriers, has announced a partnership with Pilotbird, an insurtech company specializing in lifestyle analytics and evidence-based......
Artificial Intelligence InsurTech News

Simplifai Brings the Next Generation of Document Intelligence to its AI Platform for P&C Insurers

EIN Presswire
by EIN Presswire0
The latest release lets carriers, TPAs, and MGAs onboard new document types in minutes, letting AI Agents read the full mix of documents that arrive Simplifai, the leading provider of Agentic AI for P&C insurance claims, announces a major product update to the Simplifai AI Platform, advancing how AI Agents......
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