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Category: InsurTech

InsurTech


InsurTech

How Is AI Revolutionizing Insurance?

April 16, 2021

Via: TechBullion

AI is revolutionizing all fields of life, and the insurance industry is no exception. Insurance firms can automate various manual activities with AI and machine learning, driving higher customer loyalty and providing their services quicker. According to Google Trends, since […]


InsurTech

Applied Analytics Isn’t Just for Insurers. Startups Help Claimants Get In On the Action

April 9, 2021

Via: Insurance Journal

Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long insurance battle. “It […]


InsurTech

K2 announces acquisition of insurtech Loss Run Pro

April 1, 2021

Via: Reinsurance News

K2 Insurance Services has announced its acquisition of Montana-based insurtech Loss Run Pro (LRP). LRP was founded in early 2020 by Reghan Brandt and focuses on harnessing technology to solve issues across the insurance placement process. K2 considers this a […]


InsurTech

Insurtech Funding News: $118M for Pie; $30M for Snapsheet

March 26, 2021

Via: Insurance Journal

There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a claims management platform insurtech, raised $30 million in new […]


InsurTech

Analysis predicts insurtech premium will exceed $556bn in 2025

March 1, 2021

Via: Reinsurance News

A new study by Juniper Research has found that the total value of premiums generated by insurtech firms will exceed $556 billion in 2025, a 123% leap from the $250 billion seen in 2020. Juniper Research’s analysis also predicts that […]


Financial, InsurTech, Risk Management

Insurtech investment hit $7.1bn in 2020: WTW

January 28, 2021

Via: Reinsurance News

Global insurtech investment reached a record $7.1 billion in 2020 despite substantial challenges to the re/insurance sector, according to a new report by Willis Towers Watson. A total of 377 deals were completed throughout the year, the most in any […]


Financial, InsurTech, Risk Management

Insurtechs still attracting investors as sector evolves

January 19, 2021

Via: Business Insurance

Funding for technology companies focused on the insurance industry will likely be robust this year and into 2022 as so-called insurtech companies mature, according to a recent report and other industry sources. Although insurtech investments slowed after the outbreak of […]


InsurTech

Digital drive boosts insurtech prospects in UAE

January 18, 2021

Via: InsurTechNews

Insurtech is all poised to boom given the disruption brought in by startups coupled with aggressive adoption of technologies by traditional insurers. The challenge to capture the customer’s needs in real-time and to deliver the same is something that the […]


InsurTech

Global InsurTech Market to Witness Growth More Than 17% CAGR till 2027

January 18, 2021

Via: InsurTechNews

The emerging advanced technologies such as machine learning, deep learning and others are expected to affect entire landscape of insurance sector, thus, creating lucrative growth opportunities for InsurTech companies. Insurance carriers are striving to create a digital environment through innovation […]