Tag : insurance sector

Functional Finance Secures $20M Series A Funding Led by Walkabout Ventures
Finance Fintech News

Functional Finance Secures $20M Series A Funding Led by Walkabout Ventures

GlobeNewswire
by GlobeNewswire0
Funding to fuel platform expansion and strategic hiring as premium payment volume surges 2,500% YOY. Functional Finance, a software platform revolutionizing financial operations (FinOps) for managing general agents (MGAs), insurance companies, and wholesalers is pleased to announce the closing of a successful $20 million Series A funding round led by Walkabout......
Wipro Invests in Aggne to Strengthen Consulting & Services Capabilities in the Insurance Sector
Fintech Investments News

Wipro Invests in Aggne to Strengthen Consulting & Services Capabilities in the Insurance Sector

Business Wire
by Business Wire0
With this investment, Wipro becomes a majority shareholder in Aggne, which brings to Wipro a highly sought-after and unique set of capabilities and Intellectual Property (IP) in the property & casualty (P&C) insurance space. Wipro Limited, a leading technology services and consulting company, today announced that it has made a......
Expert.ai Launches Enterprise Language Model for Insurance
Artificial Intelligence InsurTech News

Expert.ai Launches Enterprise Language Model for Insurance

PR Newswire
by PR Newswire0
ELMI offers insurers a cost-effective, accurate, and flexible language model built specifically to accelerate core processes from underwriting to claims Expert.ai unveiled its “Enterprise Language Model for Insurance” – ELMI, a cutting-edge innovation in domain trained language models, set to help insurers reach their process automation and digital transformation goals......
3i Infotech Forms Strategic Partnership with InsureMO Offering PaaS to Enterprises
InsurTech News

3i Infotech Forms Strategic Partnership with InsureMO Offering PaaS to Enterprises

Fintech News Desk
by Fintech News Desk0
3i Infotech Limited, an eminent global Information Technology company devoted to propelling business transformation, announces its partnership with InsureMO, a world leading Insurance Middleware Platform. InsureMO collaborates with various sectors, driving monumental changes specifically designed for the insurance industry. This Partnership will help 3i Infotech to expand its services offering......
Simplifai Launches World-First Generative AI Tool for Insurance
Artificial Intelligence InsurTech News

Simplifai Launches World-First Generative AI Tool for Insurance

PR Newswire
by PR Newswire0
The first custom-built AI GPT tool for insurers offers ChatGPT-like enhanced decision making for automated claims management, while maintaining privacy and data security Simplifai, an AI automation solutions provider, launches Simplifai InsuranceGPT – a world-first custom-built GPT tool, fuelled by the company’s revolutionary no-code AI-powered platform. With InsuranceGPT, Simplifai has......
YAS Group Launches Beta Version of Revolutionary Blockchain Powered Platform to Make Driving Fun, Rewarding, and Greener
Blockchain InsurTech News

YAS Group Launches Beta Version of Revolutionary Blockchain Powered Platform to Make Driving Fun, Rewarding, and Greener

Fintech News Desk
by Fintech News Desk0
“YAS Mobility – YASMO”, a cutting-edge blockchain powered drive-to-earn platform, is disrupting the way we drive and own cars, with a mission to create safer roads and smarter cities. YASMO is excited to announce the beta version of its iOS app, available in selected markets across the US, Europe, Canada,......
Equisoft Secures $125 Million in Funding, Strengthening its Position as Global Tech Leader
Investment Services News

Equisoft Secures $125 Million in Funding, Strengthening its Position as Global Tech Leader

PR Newswire
by PR Newswire0
Investment will fuel international expansion and R&D as the company focuses on enabling the digital transformation of life insurance, wealth and asset management firms Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the successful closing of a $125 million equity investment. Of this total investment, $70......
Travel Expenditure Grows 165%; OTT Expenditure Grows 80% During Festive Season: PayU Insights Report
Digital Payments News

Travel Expenditure Grows 165%; OTT Expenditure Grows 80% During Festive Season: PayU Insights Report

Fintech News Desk
by Fintech News Desk0
Credit Repayment via UPI mode sees 251% growth in expenditure and 172% growth in transactions PayU unveiled its Insights Report – Festive edition which compares digital payment transaction trends on the PayU platform between the festive seasons of 2021 and 2022. 2022 saw a 64% increase in expenditure & 31%......
Bahrain Attracts US$72.7 Million Worth of Investment in Financial Services
Finance Investments News

Bahrain Attracts US$72.7 Million Worth of Investment in Financial Services

Fintech News Desk
by Fintech News Desk0
Bahrain’s investment promotion agency, the Bahrain Economic Development Board (Bahrain EDB), announced its participation in the Singapore Fintech Festival (2-4 November) with the aim to support fintech and financial services companies tap into MENA market through Bahrain. During the first three quarters of 2022, Bahrain EDB has supported nine financial services companies......
Karl Hersch Named Leader of Deloitte's US Insurance Sector
InsurTech News

Karl Hersch Named Leader of Deloitte’s US Insurance Sector

Fintech News Desk
by Fintech News Desk0
Deloitte announced that Karl Hersch has been named the leader of its U.S. insurance sector, a strategic focus area within the organization’s financial services industry practice. In this role, Hersch will oversee more than 3,200 practitioners providing a broad range of services to organizations across the insurance industry. Hersch, a principal......
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