A groundbreaking development in Ghana's insurance sector has been catalyzed by ETAP, Africa's leading insurtech startup, gaining the country's first operational insurtech license from the National Insurance Commission (NIC). This unprecedented license empowers ETAP to process claims,
November 18, 2024As technology continues to advance at a rapid pace, its impact on various sectors has been profound, none more so than the Delegated Underwriting Authority Enterprise (DUAE) segment within the insurance industry. Dawn Walker, AM Best's associate director for Industry Relations – DUAE, recently
October 23, 2024In a significant stride toward transforming the insurance industry's handling of claims, Agentech, a Colorado-based startup, has successfully secured $3 million in a seed funding round completed in just 30 days. Co-founded by insurtech and fintech veterans Robin Roberson and Alex Pezold, the
October 21, 2024The insurance industry is on the brink of a significant transformation, led by London-based startup Diesta. Founded in 2022 by Julian Schoemig and Christopher Davis, Diesta has recently secured $3.8 million (€3.49 million) in Seed funding, a major milestone for the burgeoning venture. This funding r
October 16, 2024Data Science Wizards (DSW), an AI innovation company, recently announced securing $1.4 million in seed funding. This financial boost comes on the back of an earlier pre-seed round, lifting the company's valuation to $16.4 million. Under the leadership of CEO and Founder Sandeep Khuperkar, DSW
October 15, 2024The global IoT (Internet of Things) insurance market is on the brink of experiencing explosive growth over the next decade. The market, valued at USD 37.0 billion in 2023, is projected to skyrocket to USD 430.1 billion by 2032, driven by a compound annual growth rate (CAGR) of 30.38% from 2024 to
October 15, 2024