Tag : insurance company

AM Best Withdraws Credit Ratings of Capacity Insurance Company
InsurTech News

AM Best Withdraws Credit Ratings of Capacity Insurance Company

Fintech News Desk
AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Rating to “b” (Marginal) from “bb+” (Fair) of Capacity Insurance Company (Capacity) (Sunrise, FL). The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as the......
YuLife Raises $120Million Series C Round, Led By Dai-ichi Life, to Accelerate Global Expansion
Finance InsurTech News

YuLife Raises $120Million Series C Round, Led By Dai-ichi Life, to Accelerate Global Expansion

Fintech News Desk
Tech-driven insurance company YuLife will use its new capital to fundamentally change how people and businesses around the world derive value from financial products YuLife, the tech-driven insurance company on a mission to inspire people to live their best lives, announced that it has raised $120M (~£95M) in a Series C......
Wingsure Partners with AICIL to Provide Curated Insurance Products and Digital Management Services to Farmers Using Advanced Technology
InsurTech News

Wingsure Partners with AICIL to Provide Curated Insurance Products and Digital Management Services to Farmers Using Advanced Technology

Fintech News Desk
Agriculture Insurance Company of India Limited (AICIL), a nationalised insurance company under the Ministry of Finance, Government of India, has signed a three-year agreement with Wingsure, an insurtech company that leverages artificial intelligence and deep technology to protect farmers worldwide. Latest Fintech News: Assetplus Introduces Two New Financial Products, Several Others in the Pipeline As......
Cognizant Wins Multi-Year Contract from National Insurance Company to Accelerate Digital Transformation
InsurTech News

Cognizant Wins Multi-Year Contract from National Insurance Company to Accelerate Digital Transformation

Fintech News Desk
Public sector insurer selects Cognizant to further strengthen its operational excellence and future-ready technology roadmap Cognizant announced that it has been selected as a strategic technology provider by National Insurance Company Limited (NICL) to accelerate and help manage its digital transformation. NICL is one of India’s leading public sector general insurance......
Financial Research & Analytics firm Decimal Point Analytics raises $ 4.7Million
Finance InsurTech News

Financial Research & Analytics firm Decimal Point Analytics raises $ 4.7Million

Fintech News Desk
Decimal Point Analytics (DPA), a leading financial research and analytics firm, secured an investment of $ 4.7mn from a global insurance company in the GCC region. This is in line with the growth strategy and expanding DPA’s geographical presence across the globe. Latest Fintech News: Potloc Closes CAD$35Million Series B Round to Drive......
HDI Global Leverages Verisk’s Mozart Form Composer to Streamline Forms Management
InsurTech News

HDI Global Leverages Verisk’s Mozart Form Composer to Streamline Forms Management

Fintech News Desk
Industrial insurer HDI Global Insurance Company (HDI) will be leveraging the cloud-based technology and advanced analytics of Verisk a leading global data analytics provider, to help increase efficiency and develop innovative insurance products. Latest Fintech News: Allied Payment Network Named One of the Best Places to Work for Third Consecutive Year......
Credibly Announces Corporate Note Refinancing and New Asset-Backed Financing Facility
Finance News

Credibly Announces Corporate Note Refinancing and New Asset-Backed Financing Facility

In March 2022, Credibly continued its investment in growth, refinancing a maturing $10 million Corporate Note into a new five-year term. The Note received a one notch rating upgrade from Egan-Jones to “BBB”. Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the......
Kin Insurance, Inc. and Omnichannel Acquisition Corp. Mutually Agree To Terminate Business Combination Agreement
InsurTech News

D2C Insurtech Company Kin Insurance Grows Total Written Premium by 230% YoY

Kin Exceeds Expectations in First Quarter 2022, Moves Closer to $250M Annual Goal Kin Insurance, the direct-to-consumer home insurance company built for every new normal,  announced select preliminary operating results through the first quarter ended March 31, 2022: “We showed meaningful operating leverage as we experienced revenue growth and narrowed......
Insurer Generali Receives 314% ROI in First Year Deploying UltimateSuite Task Mining
Investment Services News

Insurer Generali Receives 314% ROI in First Year Deploying UltimateSuite Task Mining

Fintech News Desk
Insurance company reaps significant business efficiency and cost saving benefits using tool to improve internal business processes and manage performance UltimateSuite, the task mining company, announced the results of a successful deployment by its customer Generali, which has seen a 314% return on investment from deploying task mining in the......
1