CIO

DECEMBER 10, 2024

Large language models (LLMs) just keep getting better. In just about two years since OpenAI jolted the news cycle with the introduction of ChatGPT, weve already seen the launch and subsequent upgrades of dozens of competing models. From Llama3.1 to Gemini to Claude3.5 In fact, business spending on AI rose to $13.8

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TechCrunch

APRIL 12, 2022

Processing claims at scale presents a challenge for insurers, particularly where the claims entail factors like complex underlying health conditions. A growing cohort of startups including Alan, Tractable and Snapsheet offer tools to help customers navigate through the insurance claims process. ” Accelerating insurance claims.

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TechCrunch

MAY 17, 2021

Over the years, the challenge of helping consumers more easily find car insurance was in the back of his mind. The Palo Alto-based startup launched a car insurance comparison service using artificial intelligence and machine learning in January 2019. Jerry is out to change that.”. Image Credits: Jerry.

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TechCrunch

JULY 20, 2021

Alex Dalyac is the CEO and co-founder of Tractable , which develops artificial intelligence for accident and disaster recovery. Here’s how we did it, and what we learned along the way. In 2013, I was fortunate to get into artificial intelligence (more specifically, deep learning) six months before it blew up internationally.

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TechCrunch

OCTOBER 20, 2021

Resistant AI , which uses artificial intelligence to help financial services companies combat fraud and financial crime — selling tools to protect credit risk scoring models, payment systems, customer onboarding and more — has closed $16.6 million in Series A funding.

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TechCrunch

SEPTEMBER 1, 2021

How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping? Insurify has built a machine learning-based virtual insurance agent that integrates with more than 100 carriers to digitize — and personalize — the insurance shopping experience.

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TechCrunch

AUGUST 19, 2021

DigiSure, a digital insurance company that caters to modern mobility form factors like peer-to-peer marketplaces, is officially coming out of stealth to announce a $13.1 DigiSure says it goes beyond credit and driving history to give users a more personalized quote, and in the process helps operators lower their own insurance costs.

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TechCrunch

AUGUST 10, 2021

He also said the company “ continues to meet and exceed growth and revenue targets” with its first product, a service for comparing and buying car insurance. AI-powered Jerry raises $28M to help you save money on car insurance. Although Jerry also offers a similar product for home insurance, its focus is on car ownership.

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Artificial Inteligence Insurance Artificial Intelligence Comparison 252

TechCrunch

JANUARY 25, 2021

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. Agriculture insurance has traditionally relied on farm business. or Europe with typically large farms, an average insurance premium is $1,000.

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TechCrunch

FEBRUARY 7, 2023

More posts by this contributor A VC shares 5 things no one told you about pitching VCs 5 factors founders must consider before choosing their VC For artificial intelligence, 2022 was a year of breakthroughs.

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CIO

AUGUST 21, 2024

As explained in a previous post , with the advent of AI-based tools and intelligent document processing (IDP) systems, ECM tools can now go further by automating many processes that were once completely manual. Consider an insurance company corporate inbox that accepts claims, underwriting, and policy servicing submissions.

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CIO

JULY 24, 2024

Large language models (LLMs) are hard to beat when it comes to instantly parsing reams of publicly available data to generate responses to general knowledge queries. The key to this approach is developing a solid data foundation to support the GenAI model.

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TechCrunch

MAY 17, 2023

The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary MetLife Next Gen Ventures. Embedded means insurance or protection products that are embedded into the customer experience as they buy a product or sign up for a service.

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TechCrunch

JUNE 16, 2021

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. You’re dealing with so many touch points with your insurance, so many people that need to come and check things out again.

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TechCrunch

MAY 12, 2021

Planck , the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. Planck said it currently works with “dozens of commercial insurance companies in the U.S.,” including more than half of the top-30 insurers. It will use its new funding to build its U.S.

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TechCrunch

MAY 28, 2021

the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. A new startup called Justos claims it will be the first Brazilian insurer to use drivers’ data to reward those who drive safely by offering “fairer” prices. The process to get insurance in the country, by any accounts, is a slow one.

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TechCrunch

JUNE 10, 2021

Eightfold AI, a startup which uses deep learning and artificial intelligence to help companies find, recruit and retain workers , said on Thursday it has raised $220 million in a new round as it looks to accelerate its growth. SoftBank Vision Fund 2 led the Series E round of the five-year-old startup, which is now valued at $2.1

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CIO

OCTOBER 16, 2024

>To help insurance brokerages tie in disparate systems to manage their operations and increase employee productivity, CRM software provider Salesforce has introduced a new offering in preview, the Financial Services Cloud. In addition, Financial Services Cloud can be used to service property and casualty insurance clients as well.

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TechCrunch

MARCH 7, 2023

All said, Assured Allies joins with insurtech companies around the world that did manage to secure some decent funding recently, including Equisoft , Naked Insurance , Turaco and Acko. It has been proven to reduce the cost of long-term insurance claims by roughly 20%, Nahir told TechCrunch. Akilia Partners and Samsung Next.

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CIO

AUGUST 21, 2024

But it doesn’t have to be that way because enterprise content management systems have made great strides in that same timeframe, including with new artificial intelligence technology that makes it far easier for employees to find and make the best use of all the content the organization owns, no matter if it’s text, audio, or video.

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N2Growth Blog

OCTOBER 12, 2023

Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.

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TechCrunch

NOVEMBER 28, 2022

Igloo develops its insurance products and then partners with insurers who underwrite their policies. Igloo currently works with 20 global, regional and local insurers across Southeast Asia. It distributes its insurance products through partnerships, and is partnered with over 55 companies in 7 countries.

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TechCrunch

SEPTEMBER 16, 2022

Will Ross and William Steenbergen were AI researchers at Stanford working on climate and atmospheric modeling and reinforcement learning, respectively, when they began to collaborate on wildfire modeling and hurricane modeling initiatives for the insurance industry. Image Credits: Federato.

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TechCrunch

JUNE 14, 2021

million in seed funding, led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet , Moneta Seeds and private investors. The round will help the company bolster the predictive AI and machine learning algorithms that power nSure AI’s “first of its kind” fraud protection platform.

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TechCrunch

SEPTEMBER 2, 2021

Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers. The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs.

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AWS Machine Learning - AI

DECEMBER 18, 2024

With a vision to build a large language model (LLM) trained on Italian data, Fastweb embarked on a journey to make this powerful AI capability available to third parties. Fine-tuning Mistral 7B on AWS Fastweb recognized the importance of developing language models tailored to the Italian language and culture.

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TechCrunch

AUGUST 12, 2022

The company’s machine learning-powered preventative care aims to predict and avoid dangerous (and costly) medical crises, saving everyone money and hopefully keeping them healthier in general — and it has raised $45 million to scale up. And in this case the AI was trained on 65 million anonymized medical records.

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TechCrunch

APRIL 18, 2022

Guanchun Wang, Laiye’s founder and CEO, saw the “value of artificial intelligence” in the years he worked at Baidu’s smart speaker department after his film discovery startup was sold to the Chinese search engine giant.

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CIO

OCTOBER 3, 2024

Rather than pull away from big iron in the AI era, Big Blue is leaning into it, with plans in 2025 to release its next-generation Z mainframe , with a Telum II processor and Spyre AI Accelerator Card, positioned to run large language models (LLMs) and machine learning models for fraud detection and other use cases.

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CIO

DECEMBER 1, 2023

Given LexisNexis’ core business, gathering and providing information and analytics to legal, insurance, and financial firms, as well as government and law enforcement agencies, the threat of generative AI is real. We will pick the optimal LLM. We’ll take the optimal model to answer the question that the customer asks.”

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TechCrunch

OCTOBER 29, 2020

Goodcover launched out of Y Combinator in February of this year with a mission to charge as close to what is needed as possible in premiums, using its own machine learning algorithm for underwriting. This differs from Lemonade, which is its own insurance carrier, but is similar to Hippo and many other new insurtech startups.

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TechCrunch

APRIL 12, 2021

The Zebra , an Austin-based company that operates an insurance comparison site, has raised $150 million in a Series D round that propels it into unicorn territory. The Zebra started out as a site for people looking for auto insurance via its real-time quote comparison tool. Why VCs are dumping money into insurance marketplaces.

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TechCrunch

OCTOBER 24, 2021

Justos , a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 The process to get insurance in the country, by any accounts, is a slow one. It takes up to 72 hours to receive initial coverage and two weeks to receive the final insurance policy.

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TechCrunch

JANUARY 11, 2023

This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies. . PasarPolis is able to underwrite insurance products because of its strategic partnership with Tap Insurance.

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CIO

AUGUST 21, 2024

Intelligent document processing (IDP) is changing the dynamic of a longstanding enterprise content management problem: dealing with unstructured content. Faster and more accurate processing with IDP IDP systems, which use artificial intelligence technology such as large language models and natural language processing, change the equation.

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TechCrunch

APRIL 7, 2021

For instance, health insurance company Alan lets you message a general practitioner — but you have to be insured by Alan. As you may have guessed, the startup truly believes that machine learning can help when it comes to preventive and holistic care. By default, nothing is shared with Nabla for machine learning purposes.

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TechCrunch

MARCH 15, 2021

” But the company also argues that today’s bots focus on basic task automation that doesn’t offer the kind of deeper insights that sophisticated machine learning models can bring to the table.

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