In a landscape often characterized by antiquated processes and slow evolution, Bestow appears to be heralding a new era for the life insurance industry through its innovative approach and significant financial backing. Having recently raised $120 million in a Series D funding round, co-led by
In a significant move for the Australian insurance industry, Insurance Australia Group (IAG) has announced a strategic alliance with the Royal Automobile Club of Western Australia (RAC). This partnership involves IAG acquiring RAC Insurance (RACI) for $1.35 billion. The purchase includes $400
In a digital age where data has become a cornerstone for efficient business operations, the insurance industry faces a monumental challenge. Insurers are inundated with large volumes of unstructured data trapped within antiquated legacy systems. Unlocking the potential of this data is crucial for
In today's digital age, the sophistication and frequency of cyber threats have reached unprecedented levels, catching both individuals and organizations off guard. These threats pose significant financial damages and operational disruptions, emphasizing the need for innovative strategies and
The insurance landscape in the United Kingdom is undergoing a significant transformation as consumer demands evolve and technological advancements reshape the industry. Economic and geopolitical changes are significantly influencing how customers perceive and engage with insurers. The Guidewire
In recent years, the life insurance industry has witnessed significant transformations driven by technological advancements. Bestow, a Dallas-based insurtech company, has emerged as a key player in this shift. Originally established in 2017 by Melbourne O’Banion and Jonathan Abelmann, Bestow aimed t
