Qoala, a trailblazing InsurTech firm in Southeast Asia, has cemented its place as a sector leader following the closure of a $47 million Series C funding round. This pivotal achievement was spearheaded by major players like PayPal Ventures, with support from MassMutual Ventures and MUFG Innovation Partners, among others. This cash influx is set to catalyze a significant transformation within
The persistent challenge of gun violence in US schools and public arenas demands innovative preventive measures. ZeroEyes is leading with AI technology for firearm detection and has recently made a pivotal stride. The company’s inclusion in the esteemed Lloyd’s Lab Accelerator program marks a proactive move toward addressing safety concerns. ZeroEyes’ system, powered by artificial intelligence, analyzes video feeds in
Chubb Personal Risk Services has made a notable advancement in the insurance market by unveiling a cutting-edge, self-service system specifically for flood insurance. In response to heightened concerns about climate-related flooding risks, Chubb’s new system significantly speeds up the process for obtaining flood insurance, offering more comprehensive coverage options for customers and a more efficient experience for insurance agents. As
Dina Försäkringar is revolutionizing its cyber insurance offerings for businesses by teaming up with Safestate and CyberScout, experienced specialists in the field. This proactive move is driven by the urgency to beef up defenses against the intensifying threat of cybercrime. By integrating the expertise of these partners, Dina Försäkringar aims to provide a robust safety net for companies navigating the
The German InsurTech startup ELEMENT has successfully raised €50 million in funding, demonstrating strong investor confidence in its innovative approach to digital insurance. Key contributors included Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi, supporting ELEMENT’s vision of reshaping the insurance landscape with technology. Although the initial goal was to secure €100 million, the substantial capital raised by ELEMENT endorses
The Americans with Disabilities Act (ADA) is a critical piece of civil rights legislation that seeks to ensure individuals with disabilities are granted the same rights and opportunities as everyone else. At the heart of the ADA, regarding employment, is Title I, which prohibits discrimination against people with disabilities in several areas including job application procedures, hiring, firing, advancement, compensation,
Amid the surge of cryptocurrency thefts, M2 Recovery has innovatively developed the first insurance plan specifically tailored to shield cryptocurrency investors from the financial burden of legal expenses incurred while reclaiming stolen digital assets. This pioneering insurance policy is a strategic response to a growing concern within the cryptocurrency community, providing a much-needed safety net against the volatility and risks
As climate change elevates the risk of extreme weather events, the need for innovative disaster risk mitigation is more critical than ever. Enter Faura, an insurtech startup, which has recently gathered $500K in seed funding to tackle this challenge head-on. Under the leadership of Valkyrie Holmes, CEO, Faura aims to disrupt how homeowners approach the growing menace of natural disasters.
Verisk welcomes Greg Hendrick as its newest independent director, bringing over three decades of rich experience in insurance and reinsurance. Hendrick’s deep industry knowledge, honed through his time at Vantage Group and other leading institutions, makes him well-equipped to guide Verisk through the evolving landscape of insurance. His appointment is a strategic move by Verisk to enhance its analytical capabilities
In a world where cyber threats are constantly evolving, companies face a significant challenge in protecting their financial interests through risk management. The insurance landscape is no less volatile, prompting a need for more flexible and resilient solutions. Marsh’s subsidiary, Edgware Re Ltd., is a pioneering response to this need, offering a group captive that is reshaping the cyber insurance
Clearcover is pioneering change within the auto insurance sector by integrating Generative AI technology into their claims procedure. This transformative approach focuses on refining the way statements are collected—a crucial but often protracted and error-prone stage. The advent of this technology is set to expedite the claims process by eliminating inefficiencies and improving accuracy. Clearcover’s innovation not only aims to
The landscape of transgender rights within the workplace has taken a monumental turn with the Supreme Court’s landmark decision in Bostock v. Clayton County, Ga. This ruling heralded the interpretation of Title VII of the 1964 Civil Rights Act to include sexual orientation and gender identity among the protected classes against employment discrimination. Consequently, employers are prohibited from firing, refusing
