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Superscript, a bespoke insurance provider for SMEs, raises $54 million

TechCrunch

Superscript , an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding. Founded out of London in 2015, Superscript constitutes two core insurance businesses: an online-only “self-serve” platform that’s available to U.K.

Insurance 305
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Nym Health raises $16.5 million for its auditable machine learning tools for automating hospital billing

TechCrunch

million to its cash haul so it can roll out its technology developing auditable machine learning tools for automating hospital billing. thanks to complicated coding that needs to be entered to ensure insurance providers pay for the services medical professionals give to patients.

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EvolutionIQ secures $21M to streamline insurance claims processing with AI

TechCrunch

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.

Insurance 233
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Lessons learned turning machine learning models into real products and services

O'Reilly Media - Data

Today, just 15% of enterprises are using machine learning, but double that number already have it on their roadmaps for the upcoming year. However, in talking with CEOs looking to implement machine learning in their organizations, there seems to be a common problem in moving machine learning from science to production.

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FarmSense uses sensors and machine learning to bug-proof crops

TechCrunch

The company creates optical sensors and novel classification systems based on machine learning algorithms to identify and track insects in real time. That data is turned into audio and analyzed by machine learning algorithms in the cloud. The key here: real-time information. Risk can keep people poor.

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AI-powered Jerry raises $28M to help you save money on car insurance

TechCrunch

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.

Insurance 229
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Insurify, a ‘virtual insurance agent,’ raises $100M Series B

TechCrunch

How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping? Insurify raises $23M Series A to add new coverage varietals, boost its marketing efforts. There are others in the insurtech space, but none that we know of currently tackling home, auto and life insurance.

Insurance 194