In recent years, there has been a significant shift in marijuana laws across the United States. Currently, 18 states (plus Washington, D.C.) have implemented laws that permit the cultivation, possession, and use of marijuana for all adults, while 39 states have legalized some form of medical marijuana program. As the cannabis legalization debate moves from the states to the halls
Canopy Connect, a leading provider of insurance data verification solutions, has recently concluded a successful Series A funding round, raising an impressive $6.5 million. The funding was led by Naut Ventures, with participation from notable investors such as Elefund, Nimble Partners, LocalGlobe, 9Yards Capital, and Global FinTech Venture Partners. This significant investment marks a pivotal moment for Canopy Connect as
In a significant leap towards revolutionizing the Indian insurance industry, Plum, a leading InsurTech platform, has unveiled its groundbreaking digital-first solution called “e-imburse”. This innovative platform aims to simplify and expedite the reimbursement claims process, promising to cut down the average time from 7 days to just one hour. With its user-friendly interface and robust security features, ‘e-imburse’ sets a
DGTAL, a Software-as-a-Service (SaaS) platform known for providing cutting-edge artificial intelligence (AI) solutions for insurance portfolios, has announced the launch of its latest tool, GRABBER. Designed as an Intelligent Document Processing tool, GRABBER aims to revolutionize data understanding, extraction, and validation. Leveraging the power of optical character recognition (OCR), natural language processing (NLP), computer vision, machine learning (ML), and AI,
CoverForce, an innovative InsurTech company, has made waves in the insurance industry with its dynamic suite of products tailored for agency networks, wholesalers, and software firms. The company’s objective is to digitize the traditionally offline insurance market, offering swift and accurate insurance comparisons and purchases with just a single click. In this article, we will explore how CoverForce is revolutionizing
The Israeli InsurTech Accelerator has recently released a report showcasing the significant impact it has made on the insurance technology sector since its inception. With five cohorts of Israeli InsurTech start-ups, this program has played a crucial role in shaping the InsurTech landscape. Israel has emerged as a prominent figure in the global InsurTech arena, with its vibrant FinTech ecosystem
Boost Insurance, a leading digital insurtech provider, has unveiled its latest product, Boost Re, adding an innovative dimension to its insurance-as-a-service stack. This revolutionary offering, described as a turnkey captive-as-a-service solution, is specifically designed for managing general agents (MGAs), InsurTech firms, and providers of embedded insurance. With Boost Re, partners can streamline and enhance their insurance operations, all while reducing
Mia-Platform, a leading end-to-end platform builder and insurtech specialist based in London, has announced the launch of their highly anticipated Open Insurance Hub. This innovative platform aims to facilitate the seamless integration of digital services into the insurance ecosystem, paving the way for insurers and financial institutions to expand their product offerings, enhance customer experience, foster new partnerships, and embrace
HVAC system maker Daikin Industries has reached a resolution with the Department of Labor regarding alleged race-based hiring discrimination at its facility in Verona, Virginia. The agreement comes after a review conducted by the agency found that the company had discriminated against 98 Black applicants for assembler positions from January 1, 2020, to December 31, 2020. Alleged discrimination and violation
The international insurtech company, bolttech, has recently announced a strategic partnership with Three Sweden, further strengthening its collaboration with CK Hutchison Holdings. This collaboration aims to provide Three Sweden customers with non-binding device protection insurance and services to ensure that their valuable devices are covered, even while they are traveling. Partnership Details Under this new partnership, Three Sweden customers will
QBE Canada, a prominent player in the global insurance market, has announced a strategic partnership with Novidea, a renowned provider of cloud-based insurance management platforms. This collaboration aims to enable QBE to significantly expand within Canada by leveraging Novidea’s state-of-the-art platform. With a focus on streamlining business operations and introducing seamless automated workflows, this partnership promises to transform QBE’s service
Laka, an innovative insurtech company focused on bicycle insurance, has recently announced a successful funding round, raising an impressive $8 million. This significant investment reflects the growing recognition of Laka’s unique “collective-driven insurance model” and its potential to disrupt the traditional insurance industry. Unique Insurance Model Laka sets itself apart with its pioneering approach to insurance. Unlike traditional insurance models
