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Meet Evy , a French startup that is working on extended warranties and product protection insurance. The startup acts as an insurance broker and partners with Wakam to cover the risk — but it could also partner with other insurance companies in the future. Evy has created 25 tailor-made insurance programs in just a few months.
Founded in 2018, New York City-based Level says it’s “rebuilding insurance from the ground up” via flexible networks and real-time claims with the goal of helping employers and employees get the most out of their benefit dollars. . Insurance is confusing and often feels unfair.
Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. “Underwriting cyber insurance for SMEs is a more dire prospect than for large enterprises,” he said.
Loop Health aims to be the “Oscar Health of India” and targets the country’s health insurance gap with its approach to primary care and insurance. In talking to potential customers, half of them are buying insurance for the first time,” Kale added. The sentiment has flipped now.”. Loop Health app. Image Credits: Loop Health.
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.
Sure , an insurance infrastructure startup, announced today that it has closed on $100 million in Series C funding at a $550 million valuation. Customers include Farmers Insurance, Chubb, Intuit, Betterment, Revolut, Carvana, several automotive manufacturers and a leading global credit card network. Berkley and Menlo Ventures.
Talkiatry announced today that it has raised a $20 million Series A to scale a strategy simple in theory yet potentially challenging in execution: bring psychiatry services in-network with insurance providers. The startup’s true innovation lies in its plan to make psychiatric services covered by insurance providers for consumers.
Now that number is up to more than 3,000 with its network now covering not just NYC, but also New Jersey, Florida, North Carolina, Texas, Georgia, Michigan, Virginia, Washington, Illinois and Colorado. In seeking a therapist, he found most unwilling to accept his insurance plan as payment, making getting therapy unaffordable.
The inability to accurately assess risk for insurance purposes is costing the industry a lot of money. The 1-year-old company developed a universal API for insurance data and is taking an approach of a “Plaid for insurance,” Cameron Duncan, co-founder and CEO of Axle, told TechCrunch. Axle is trying to change that. Duncan said.
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.
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. Agriculture insurance has traditionally relied on farm business.
Right now the tool is useful for building a picture of what the network looks like today, and to flag when something is crashing or potentially violating a security or data protection protocol, and to suggest how to fix it. “Enterprise architecture today is very much about the scaffolding in the organization,” he said.
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.
Chief , a professional network designed for women in leadership, has cut 14% of staff, or 43 jobs today, saying in an email seen by TechCrunch that the move is a response to the economy and that the outfit is restructuring to further focus on member experience. The layoff largely hit Chief’s U.S. presence is smaller. presence is smaller.
Leaders across every industry depend on its resilient cloud platform operated by a team of industry veterans and experts with extensive networking, connectivity, and security expertise. Diamond founded 11:11 Systems to meet that need – and 11:11 hasn’t stopped growing since. We enable them to successfully address these realities head-on.”
Founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North, Naked is a digital insurance platform covering cars, content, homes and standalone items. Africa’s insurance sector is worth more than $68 billion in annual gross written premiums. However , only a fraction of personal insurance is sold without human intervention.
Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.
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.
This week’s Hlth Europe show in Amsterdam saw the European launch of the Microsoft-backed Trustworthy & Responsible AI Network (TRAIN) consortium that wants to meet this need. The catch is that bringing this about will require new institutional channels for knowledge, engineering, and ethical collaboration that don’t yet exist.
Para que las transformaciones digitales funcionen desde una perspectiva cultural, es necesario que los lderes de una organizacin adopten o fomenten el cambio, afirma Michael Corrigan, director de TI de World Insurance. Tiene que haber un liderazgo eficaz y un compromiso de los lderes empresariales y de TI, afirma Corrigan de World Insurance.
Finance & Insurance and Manufacturing dominate AI adoption: The Finance & Insurance (28.4%) and Manufacturing (21.6%) sectors generated the most AI/ML traffic. AI-powered app segmentation: Stop lateral movement within networks, ensuring attackers cannot easily escalate privileges or access critical systems.
Telemedico, which was founded back in 2014 — but only launched its current B2B model (which is primarily targeted at insurance firms) in 2017 — says 2020 was a record year for its business. They are also building strong brand awareness around the service, and force insurance companies to let their customers leave their ecosystem.
Instead, B2B marketplaces are discovering creative new ways to monetize their networks, ensuring their approach is tailored to the complex and nuanced world of B2B e-commerce. Insurance: Business buyers frequently purchase insurance as part of their transactions, particularly in high-value verticals such as jewelry.
Verifiable founder Nick Macario told TechCrunch that data fuels critical operations across health systems and insurance carriers, like contracting, credentialing, enrollment, claims and directories. Insurance payers is the newest part of the company’s expansion that includes verifying provider directories.
Arya is solving all the aforementioned challenges: It operates a network of more than 1,500 warehouses in 20 Indian states where it stores over $1 billion worth of commodities. The lockdown broke the supply chain network, and prices of agricultural commodities dropped by over 20%.
In the wake of SVB’s crash, Intrepid has implemented services like higher Federal Deposit Insurance Corporation insurance and sweep accounts. Intrepid also provides social resources, such as introductions and events, for those looking to grow their business networks.
Streamlining third-party data connections Dubbed the Zero Copy Partner Network, the new ecosystem brings together ISVs and SIs in an effort to get rid of the custom integrations and complex data pipelines previously required to integrate and move data from Salesforce to external data warehouses and vice versa.
Employers typically offer three options for healthcare insurance. We were coming from the provider side and understood that though healthcare is local, people don’t know the difference in hospitals or the ins and outs of local networks,” Eran told TechCrunch. Medicare Advantage is the private market part of the insurance program.
The company, which is in the midst of moving its headquarters to New York, sells health insurance, retirement savings plans and tax withholding directly to freelancers, contractors or anyone uncovered. Retirement investments and health insurance have grown similarly.
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. SmartHop’s access to a large network of brokers, freight marketplaces and partners can give smaller companies access to better rates.
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.
million to fund the AI-powered insurance chat platform. Hear how the company — which was designed as an SMS texting platform — is finding product market fit as the insurance landscape rapidly changes, and how Underscore VC Lily Lyman provides support for the company. EDT with networking. PDT/2:30 p.m. PDT/2:30 p.m. Join us!
Weekday is helping companies hire engineers who are crowdsourced by their network of scouts. billion people currently have access to insurance and some analysts say that digital firms could prove crucial in bringing these services to the masses. GroMo is an app for independent agents to sell insurance in India.
Right from the launch of its first product in 2020, Kenyan insurtech Lami Technologies set out to increase insurance penetration in Kenya and the rest of Africa. These plans also include enabling the digitization of traditional insurers as innovation continues to shape the industry. The latest funding adds to the $1.8
Other larger rounds that made the headlines include the $500 million acquisition of Wave by WorldRemit (which happens to be the largest from the continent) and the DPO Group buyout by Network International for $288 million. Investors are enthused about the future of insurance, payments, and digital banks. Indian startups raised $9.3
billion, and Ergo Group acquired health insurance provider Next Insurance for $2.6 Assured Insurance Technologies , an insurance technology company, raised a growth-stage funding. The funding financed the acquisition of maintenance authorization network Auto Integrate to provide end-to-end services for fleet operators.
Commercial real estate tenants and property managers have to abide by strict liability rules that any vendor entering the property must have insurance certificates and meet other requirements. To continue advancing its network, the company announced Monday it raised $12.5 Enter Jones. days — from 12 days — with 99.9%
Launched in 2016, the startup works with a network of agents, who recruit farmers and retailers to its platform. It has a network of “over a thousand” retailers and 5,000 agents spread across the country. Apollo’s products include insurance – which is offered by its partners including Pula, the Kenya-based insurtech. “We
This latest Series C has a number of strategic backers that speaks to the bigger ecosystem of financial and insurance services that interlink with each other, and which are used by the average person in the course of home ownership. AAA for example has a notable business not just in roadside assistance but also insurance coverage.
It has since become a finance super app by adding more features like banking, P2P lending, mobile-based stock trading and investing , insurance, credit scoring service, and more. Toss joined the unicorn club with its $80 million financing at a valuation of $ 1.2 billion in 2018. Toss Payments’ monthly trading volume surpassed $ 2.7
. “Today, the majority of ASEAN’s labor market are low- to middle-skilled, and the majority are not protected with job security, future career paths and financial services such as insurance and savings,” she said. ” [gallery columns="5" ids="2059174,2059175,2059176,2059177,2059178"]. .”
ControlUp, which has built technology for IT teams to monitor and improve performance across their networks, has picked up $100 million in a round of funding that it will be using to continue investing in its tools and to pick up more business. health insurance companies, five of the top eight U.S.
When a business outsources services by sharing data and network access, it inherits the cyber risk from its vendors across their people, processes, technolog, and that vendor’s third parties. This massive network of businesses sharing information in real-time results in a vast attack surface that is becoming increasingly difficult to manage.
On outage tracker DownDetector.com, irate customers reported missing funds and unexpected negative balances due to problems with the digital payment network.” announced] the launch of its insurance arm. Currently live are mobile and pet insurance products, with more to come in the first half of the year….This
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