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TrustLayer raises $6M seed to become the ‘Carta for insurance’

TechCrunch

TrustLayer , which provides insurance brokers with risk management services via a SaaS platform, has raised $6.6 Twenty of the top 100 insurance agencies in the U.S. (as BrokerTech Ventures (BTV), a group consisting of 13 tech-focused insurance agencies in the U.S. million in a seed round.

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South Africa’s Root gets $3M, plans to expand low-code insurance platform to Europe

TechCrunch

Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however , this sector hasn’t raced to the stage as quickly as say, payments or lending. Image Credits: Root.

Insurance 216
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DigiSure, the mobility insurance platform with high-tech screening, comes out of stealth with $13.1M raise

TechCrunch

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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B2B marketplaces will be the next billion-dollar e-commerce startups

TechCrunch

Those that innovate now to introduce adjacent services will emerge as winners in the next few years, with some inevitably becoming billion-dollar companies. Insurance: Business buyers frequently purchase insurance as part of their transactions, particularly in high-value verticals such as jewelry.

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Why a data-first culture is key to unlocking value from AI in insurance

CIO

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

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Square’s bank arm launches as fintech aims ‘to operate more nimbly’

TechCrunch

Known for its innovations in the payments sector, Square is now officially a bank. David Grodsky, Chief Compliance Officer. Nearly one year after receiving conditional approval , Square said Monday afternoon that its industrial bank, Square Financial Services, has begun operations. Samantha Ku, Chief Operating Officer.

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How strategic partnerships are the key to AI-driven innovation

CIO

Innovate or die,” Peter Drucker’s 1985 exhortation on the importance of constant reinvention, was great business advice for the last 40 or so years. This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance.