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YC-backed Amenli raises $2.3M to provide insurance to Egyptian consumers

TechCrunch

The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. million seed round to provide insurance services for Egyptians.

Insurance 246
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Case in point: taking stock of the CrowdStrike outages

CIO

It was an interesting case study of global cyber impact, says Charles Clancy, CTO at Mitre. The company released a fix 78 minutes later, but making it required users to manually access the affected devices, reboot in safe mode, and delete a bad file. Our legal team knows exactly what to ask for when negotiating contracts.

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Nigerian agritech startup Releaf secures $4.2M to scale its food processing technology

TechCrunch

And though Nigeria’s food processing systems have a keen resemblance to the West with respect to big factories and huge economies of scale in high-demand cities, farmers still suffer from poor logistics networks. When the pair started the company in 2017, the idea behind Releaf was not concrete yet as the team, based in the U.S.,

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TechCrunch+ roundup: Generative AI for proptech, cloud vendor shopping, cybersecurity fairy tales

TechCrunch

“The opportunity for entrepreneurs in real estate tech across search, listings, mortgage, insurance, construction and sustainability is the kind that shows up once a generation.” Cybersecurity teams, beware: The defender’s dilemma is a lie Image Credits: A. What are they willing to sacrifice for their current solution?

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Transforming IT culture for business success

CIO

To reinforce the creator culture, Wenhold’s group hosts regular events like hackathons and Nitro Create, a development conference keyed to specific themes designed to encourage people to think outside the box. We built a culture based on those themes and traits we wanted to see on our team.”

Culture 193
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CIOs in financial services embrace gen AI — but with caution

CIO

Conscious of the recent history of disruption to financial services, the sector’s technology leaders are already looking for opportunities in AI. Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re. However, developing and deploying an LLM is costly.

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LexisNexis rises to the generative AI challenge

CIO

IT leaders looking for a blueprint for staving off the disruptive threat of generative AI might benefit from a tip from LexisNexis EVP and CTO Jeff Reihl: Be a fast mover in adopting the technology to get ahead of potential disruptors. brillion on its digital transformation, the CTO says. We will pick the optimal LLM.