TechCrunch

APRIL 8, 2023

B2C When I reached out to investors recently for our latest insurtech survey , I was curious to know how the economy was affecting insurance purchase decisions and whether this made B2B companies more appealing to VCs than their B2C peers. Perhaps not the best call, but if it’s either food or better insurance, the choice becomes easier.

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TechCrunch

MARCH 16, 2023

With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% Home insurance, meanwhile, climbed 12.1% Fairmatic applies AI to commercial auto insurance. year-on-year, Policygenius found.

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TechCrunch

OCTOBER 10, 2023

The startup offers insurance products specifically designed for small and medium companies. Orus originally started with an insurance […] French startup Orus has raised an $11.6 million Series A funding round (€11 million).

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TechCrunch

APRIL 21, 2023

The usual corollary of risk is insurance against it, but when it comes to cloud downtime, the insurance sector hasn’t fully caught up yet. Everything you need to know about cloud outage insurance by Anna Heim originally published on TechCrunch

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TechCrunch

MAY 14, 2023

Figorr is also set to launch a risk management platform before the year ends, which will provide insurance companies with the data needed to introduce tailor-made products to their customers. Iortim believes that with suitable and specific data, insurance companies will be better placed to provide tailored products. “One

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TechCrunch

JANUARY 23, 2023

Coverdash , providing small businesses, e-commerce merchants and gig-economy workers with insurance, launched its product in all 50 states after closing over $2.5 Coverdash’s insurance policy dashboard. We view Coverdash as the future of business insurance and embedded distribution.” million in seed capital.

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TechCrunch

MARCH 13, 2023

Mercury , a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. That’s 12x the industry standard for institutions of $250,000 in FDIC insurance that other institutions offer.

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TechCrunch

AUGUST 25, 2023

Uber has raised the minimum age requirement for new rides-hailing drivers in California to 25 years old due to what it described as “baselessly higher” commercial insurance costs in the state. The new policy will only apply to new drivers planning to use the rideshare platform.

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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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CIO

NOVEMBER 26, 2024

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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TechCrunch

NOVEMBER 28, 2023

We last wrote about Lassie, a pet health app and insurance provider, when it closed an €11 million Series A round in 2022. It’s growth had been spurred by the boom in pet ownership during the pandemic (nearly half of all European households now own a pet, and and owners spend €23.5 billion on them […] © 2023 TechCrunch.

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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

DECEMBER 13, 2021

Launched in 2017, Fuse connects insurance companies with multiple distribution channels and partners to make insurance services accessible and affordable through its technology. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

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TechCrunch

NOVEMBER 27, 2023

Last Tuesday, Fidelity National Financial, or FNF, a real estate services company that bills itself as the “leading provider of title insurance and escrow services, and North America’s largest title insurance company,” announced that it had experienced a cyberattack.

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TechCrunch

MAY 16, 2023

As a reminder, Wefox sells insurance products through in-house and external insurance brokers. More recently Wefox launched its own insurance carrier — Wefox Insurance. This way, the company can design and sell its own insurance products without relying on third-party insurance companies.

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TechCrunch

AUGUST 25, 2021

It makes sense as banks and insurance companies gather a ton of data and know a lot of information about their customers. You can use artificial intelligence to identify fraudulent transactions, predict creditworthiness, detect fraud in insurance claims, etc. But a lot of startups build proof-of-concepts and stop there.

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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

JULY 11, 2022

European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 ” The approach is built on the basic notion that insurance is an inherently complex subject, and people would rather chat with a human and get personalized advice.

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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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TechCrunch

DECEMBER 28, 2023

What once was something only discussed with your insurance adjustor is now technology you might covet on your next commute. The automotive industry has entered into a new era of vehicular safety, where in-car systems initially designed to keep you alive are also being marketed as quality-of-life improvements. All rights reserved.

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TechCrunch

MAY 17, 2023

Obie , a real estate-focused insurance technology company, has raised $25.5 million Series A — nearly two years ago, the startup says it has gone from securing insurance for over $3 billion worth of property to $20 billion worth. The company also claims to save policyholders up to 25-30% compared to other insurance premiums.

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TechCrunch

OCTOBER 24, 2020

And we noted in our growth-rate piece that Next Insurance raised $250 million last month , which has missed our attention. Oh, and Chicago-based Clearcover has news out this week , which we care about given the impending Root Insurance IPO ( notes on its valuation here ). The two companies both insure drivers.

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TechCrunch

NOVEMBER 4, 2020

Insurance: Business buyers frequently purchase insurance as part of their transactions, particularly in high-value verticals such as jewelry. Insurance is designed to protect against damage to the goods in transit or theft. B2B transactions typically include a negotiation on delivery method and timing.

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TechCrunch

OCTOBER 19, 2022

Acko — which counts Lightspeed Venture Partners India, CPPIB, Amazon and Multiples Private Equity among existing backers — is among a handful of startups that is attempting to take on the country’s antiquated insurance industry with a digital-first product. Only a fraction of the nation’s 1.3 Only a fraction of the nation’s 1.3

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TechCrunch

FEBRUARY 10, 2023

While managing third-party cyber risk is essential to maintaining customer trust, it’s also increasingly important for organizations looking to purchase cyber insurance policies. Add the various state and federal data laws and costs associated with remediation, and it becomes clear why every organization could benefit from cyber insurance.

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TechCrunch

FEBRUARY 27, 2023

If you tell a driver their insurance premium will go down if they drive more safely, then – it turns out – they will probably drive more safely. So it’s fascinating to think that research into how to insure drones led to the creation of UK startup Flock , which uses real-time data to insure car fleets.

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TechCrunch

OCTOBER 9, 2023

Founded in January 2019 by Amanda Peyton and Todd Berman (who left in 2020), San Francisco-based Braid set out to offer friends and family an FDIC-insured, multi-user account that was designed to make it easy “to pool, manage […]

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TechCrunch

DECEMBER 9, 2021

For insurance companies, the natural hazard risk models have broken. We are discussing these issues with large insurers and the interest is unprecedented. When Amazon is worth $5 trillion, while its employees cannot find an insurable home on the West Coast? just in the past 18 months. the damage is real.

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Mobilunity

DECEMBER 24, 2024

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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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

DECEMBER 10, 2024

At EXL, we recently launched a specialized Insurance Large Language Model (LLM) leveraging NVIDIA AI Enterprise to handle the nuances of insurance claims in the automobile, bodily injury, workers compensation, and general liability segments.

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TechCrunch

APRIL 6, 2022

With the fresh capital, SmartHop aims to focus more on its fintech products, like the company’s fuel card program that offers fuel discounts and other perks, or SmartHop’s insurance offerings.

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TechCrunch

FEBRUARY 7, 2023

Renters’ and homeowners’ insurance Landlords and mortgage lenders typically mandate renters/buyers get an insurance policy before they move in.

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TechCrunch

FEBRUARY 7, 2022

It uses an integrated process to provide health insurance and telemedicine via partnerships with hospitals and healthcare facilities. RelianceHMO is the company’s health insurance plan for both sets of customers where individuals can select monthly, quarterly or yearly health plans ranging from ?3,500 Our mission is super simple.

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TechCrunch

JANUARY 20, 2023

startup that connects users with a registered dietitian (RD) via telehealth and helps them get their consultations covered by health insurance. Unless you seek an RD or RDN (registered dietitian nutritionist), you won’t be sure that your nutritionist is properly qualified for the job — and your insurance will not cover it.

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TechCrunch

MARCH 1, 2022

However , it has expanded its pay-as-you-go model to include other needs: smartphones (launched in Kenya two years ago), TVs, refrigerators, solar lighting and digital financial services such as cash loans and health insurance. The company’s geographical reach has also changed shape.

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TechCrunch

MARCH 28, 2023

Acko — which counts Amazon, Lightspeed Venture Partners India and CPPIB as existing backers — is among a handful of startups that is attempting to take on the country’s antiquated insurance industry with a digital-first product. Amazon-backed Acko nears $120 million in new funding by Manish Singh originally published on TechCrunch

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