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Tag: 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

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 […]


Regulatory / Legal

California Commissioner Says Insurers Overcharged Drivers During Pandemic

March 11, 2021

Via: Insurance Journal

Lara is now directing auto insurance companies to report by April 30 how they will return additional premium back to California policyholders that was reportedly over-collected in 2020. He is also directing commercial insurance companies to provide data about commercial […]


News

Aon, Nayms & Relm aim to open capital markets to digital asset & crypto risks

March 3, 2021

Via: Artemis BM

Insurance and reinsurance broker Aon, working with cryptocurrency and smart contract focused insurtech start-up Nayms and Bermuda specialist insurer Relm, aims to open up the capital markets to digital asset risk, to source risk capacity for the burgeoning crypto space. […]


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, Risk Management

Rhino raises $95m to support US renters

January 29, 2021

Via: FinTech Futures

The round also featured participation from Kairos, Lakestar VC, and Lakehouse VC. Rhino has raised a total of $132.7 million since 2017. Rhino’s security deposit insurance acts as a “direct replacement” for a cash security deposit. Renters pay the firm […]


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 […]