Wisedocs, a leading machine learning Software-as-a-Service (SaaS) platform for medical record review, has secured an impressive $9.5 million in Series A funding. The funding round was spearheaded by Information Venture Partners, Thomson Reuters Ventures, and ManchesterStory, reflecting the industry’s recognition of Wisedocs’ innovative approach. With the goal of transforming the slow and siloed claims ecosystem, Wisedocs aims to enhance automation,
In the era of digital transformation, the insurance sector has observed a paradigm shift in the creation of value. This article delves into the various aspects of digitization in the insurance industry, highlighting its benefits, challenges, and potential for growth. From enhancing underwriting processes to reducing accidents, the digital revolution is reshaping the insurance landscape. Importance of trust and governance
Indemn, a pioneering insurtech platform, recently announced the successful closure of a $1.9 million pre-seed funding round. The funding round was led by Markd, a venture capital company, with significant contributions from Afterwork Ventures, Everywhere Ventures, and a group of prominent entrepreneurs and insurance leaders from Australia and the US. This funding not only demonstrates investor confidence in Indemn’s vision
In today’s rapidly evolving Information Age, the insurance industry faces significant challenges and opportunities. Experts warn that insurers risk being left behind if they fail to embrace the transformative power of new technologies and customer-centric approaches. This article explores the need for a new type of muscle in insurance, highlighting the importance of understanding and meeting consumer demands, harnessing the
CarbonPool aims to address the urgent need to expedite investment in carbon credits, which play a crucial role in achieving net zero emissions. By offering carbon credit insurance with claims payments made in-kind, CarbonPool seeks to provide enhanced confidence and assurance to investors, regulators, and other stakeholders. Challenges in the Carbon Credit Market The carbon credit market has experienced considerable
In a significant move towards digital transformation, Nirvana Insurance has selected Ascend, the industry-leading platform for financial operations automation, to streamline its financial operations and enhance its direct bill processing capabilities. This collaborative integration between Ascend and Nirvana Insurance marks a milestone in Nirvana’s journey to expedite reconciliations, modernize billing experiences, and maximize operational efficiencies. A Milestone for Nirvana Insurance
The integration of artificial intelligence (AI) solutions in the insurance and banking sectors of the United Kingdom has witnessed a remarkable surge in recent years. As the transformative power of AI becomes increasingly evident, businesses are seizing the opportunity to leverage AI to improve their operations and gain a competitive edge. This article explores the impressive adoption statistics, substantial investments,
In the fiercely competitive insurance industry, pricing plays a crucial role in determining the success of insurers. To stay ahead, the Spanish insurance company MAPFRE has embarked on an exciting partnership with insurtech firm Akur8. With the aim of strengthening their pricing capabilities, MAPFRE has chosen Akur8’s RISK and RATE modules to revolutionize their actuarial efforts and establish a robust
BigPay, the leading finance app in Southeast Asia, has recently announced the launch of BigPay TravelEasy, a comprehensive travel insurance product underwritten by Tune Protect Malaysia. With a focus on enhancing the traveler payment experience, BigPay TravelEasy aims to provide seamless and affordable coverage to travelers. This article will explore the various features and benefits of BigPay TravelEasy, highlighting the
In today’s dynamic and complex P&C insurance industry, the ability to make informed and strategic decisions is crucial for carriers. Insurity, a leading provider of cloud-based P&C software, has revolutionized the way carriers approach decision-making with their analytics solutions powered by AI-driven insights. In this article, we will explore the impact of Insurity’s analytics solutions on carriers’ strategic decision-making process.
In the rapidly evolving insurance industry, the need for modernization has become increasingly apparent. With the advent of new technologies and changing consumer expectations, insurance organizations around the world are gearing up to implement new core insurance management platforms. However, a recent survey reveals that the industry is not fully prepared to meet upcoming regulations and requirements surrounding Core Data
In a bid to provide homeowners with accurate estimates in a timely manner following a property loss, CoreLogic has partnered with Artigem to integrate their services into CoreLogic’s Claims Workspace. This collaboration aims to revolutionize the insurance claims process by offering claims professionals a comprehensive solution that streamlines the estimation process, improves accuracy, and enhances carrier efficiency. Integration of Artigem
