Pet insurance has become increasingly popular in recent years as pet owners seek financial protection for their beloved furry companions. However, the rise in claims volumes and payouts in 2022 has put significant pressure on pet insurers. To navigate this challenging landscape, CRIF has launched Pet Check, a groundbreaking solution that allows insurers to instantly verify pet details and policyholders’
Gild Insurance Agency and Bambee have recently announced a strategic partnership with the aim of providing comprehensive HR management and risk mitigation solutions tailored specifically to America’s smallest businesses. This collaboration brings together Gild Insurance’s expertise in serving small businesses across the United States with Bambee’s leading position as a provider of HR guidance and support. Comprehensive HR Management and
EaseMyTrip.com, a prominent online travel platform in India, has announced its strategic partnership with Cover Genius, a leading insurtech company specializing in embedded protection. This collaboration aims to enhance the travel experience by providing comprehensive and flexible protection options to EaseMyTrip customers. By integrating with Cover Genius’ global distribution platform, XCover, travelers can now easily add Cancel For Any Reason
Rainbow, an insurtech company, recently announced the launch of its annual Business Owner’s Policy (BOP) specifically tailored to meet the needs of the restaurant industry. This move marks Rainbow’s entry into the admitted commercial multi-peril market, with capacity provided through insurtech Accelerant. The company’s digital insurance products are now available to independent agents and brokers, either through direct appointment or
Reserv, the digital-native Third Party Administrator (TPA), has recently announced the successful closure of its $20 million Series A funding round. The funding will be utilized to expand Reserv’s generative AI claims data analysis tools, further enhancing efficiency and accuracy in insurance claims handling. Co-led by Altai Ventures and Bain Capital Ventures (BCV), this funding round attracted participation from prominent
Boost Insurance, a leading digital managing general agent (MGA) platform, has announced a strategic collaboration with Canopius US Insurance Holdings. The collaboration aims to offer long-term risk capacity to support Boost-powered insurance programs, fostering growth and profitability. This partnership signifies a step towards advancing insurance innovation and expanding the reach of technology-driven insurance solutions. Along with the collaboration, Canopius has
UK-based insurtech Artificial Labs has joined forces with Tier 2 Consulting to revolutionize the insurance industry through the use of automated underwriting technology. This strategic alliance promises to deliver cutting-edge solutions and transformative advancements for insurance providers and policyholders alike. By seamlessly incorporating Artificial’s platform features into their current systems and infrastructure, commercial insurers and brokers will benefit from enhanced
Reserv, a leading player in AI-driven insurance claims processing, has successfully closed a $20 million Series A funding round. This substantial financing will fuel the expansion of Reserv’s generative AI claims data analysis tools, solidifying their position as a frontrunner in the insurtech space. Details of the Funding Round The Series A funding round was co-led by Altai Ventures and
In today’s rapidly advancing technological landscape, industries across the board are embracing new technologies to enhance their operations. The insurance industry, too, has experienced a wave of innovation in recent years with the emergence of Insurtech. In this article, we will explore the impact of Insurtech on the insurance landscape, delving into its various applications and benefits. Online and Mobile
In today’s rapidly evolving digital landscape, Insurtech has emerged as a game-changer in the insurance sector. Defined as the application of technological innovations in insurance, Insurtech aims to streamline processes, enhance efficiency, and provide superior customer experiences. By leveraging automation, big data, analytics, and artificial intelligence (AI), Insurtech is reshaping the traditional insurance industry to meet the ever-changing demands of
The insurance industry has always been known for its complex processes, lengthy paperwork, and time-consuming claims procedures. However, advancements in Artificial Intelligence (AI) are now dramatically transforming the way insurance companies operate. By harnessing the power of AI, insurers can not only improve their customer service and streamline processes but also minimize risk. In this blog post, we will explore
The insurance industry is undergoing a significant transformation with the advent of big data. The ability to harness vast amounts of information and leverage advanced analytics tools and techniques has opened up new opportunities for insurers to enhance their services and gain valuable insights. In this article, we explore how big data is revolutionizing the insurance sector in various ways.
