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Top Technology Trends in the Insurance Industry that Drive Growth and Innovation

Mobilunity

PRO TIP Insurers must act now: getting tech capabilities to the needed state will take years, and the industry is approaching a tipping point in which structures will shift very quickly. We’ve reviewed reports from McKinsey and Deloitte to explore how companies start driving growth through insurance modernization.

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Amberdata raises $30M to chase the ‘unlimited opportunity’ of bringing traditional finance into web3

TechCrunch

As its name suggests, Amberdata provides data and insights into blockchain networks, crypto exchanges and decentralized finance for some of the largest financial and digital asset institutions, like Citi, Coinbase, Nasdaq and Franklin Templeton, among others.

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Filevine raises $108 million for tools that streamline legal workflows

TechCrunch

CEO Ryan Anderson said that the proceeds will be put toward pursuing new market opportunities, specifically in the nonprofit, insurance, and public sectors, and “further evolv[ing] the [Filevine platform] to meet changing legal demands.”

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Digital listening reveals 3 leading innovation drivers

CIO

The industries these decision-makers represented include insurance, banking, healthcare and life sciences, government, entertainment, and energy in the U.S. The listening centered on conversations about emerging technologies and use cases associated with innovation, such as artificial intelligence, metaverse, blockchain, robotics, Web 3.0,

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IT leaders adjust budget priorities as economic outlook shifts

CIO

For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. Megan Duty, VP of technology and project delivery, Puritan Life Insurance Company of America. Gartner predicts 2023 IT spending will grow 5.1%

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Daily Crunch: Former Metamates go from zero to unicorn with $200M crypto investment led by a16z

TechCrunch

Which is, notably, a new blockchain, and not something built atop an existing decentralized network. A good example is the latest Cowbell Cyber round, worth $100 million, to deliver cyber insurance to SMEs. Given the deluge of ransomware around the world, we doubt that Cowbell will lack for TAM. And there was more.

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Six Companies Joined The Unicorn Board In May, With xAI Alone Adding $24B In Value 

Crunchbase News

And Bengaluru-based insurance provider Digit Insurance listed at a $3 billion value on the BSE and NSE exchanges in India, $1 billion below its 2022 valuation. Humanity Protocol , a blockchain unique identity platform using biometrics, raised a $30 million seed funding led by Kingsway Capital. billion value. billion.

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