article thumbnail

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.

Insurance 197
article thumbnail

Wagmo raises $12.5 million to offer pet insurance (and a lot more)

TechCrunch

The pet insurance and perks startup has closed on a $12.5 The company was founded by Christie Horvath and Ali Foxworth , who both came from the world of finance and insurance and realized the gap in the market when it comes to pet insurance. Wagmo offers the wellness plan without an insurance plan. Wagmo is no different.

Insurance 254
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why thinking like a tech company is essential for your business’s survival

CIO

For us, that means remembering our core mission: providing risk management and insurance solutions to our customers in a way that helps them protect their businesses and families. Thats the mindset we need to bring into every business, whether were selling insurance, financial services, or something else entirely.

Company 186
article thumbnail

Marsh McLennan IT reorg lays foundation for gen AI

CIO

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. I want to provide an easy and secure outlet that’s genuinely production-ready and scalable.

article thumbnail

Data Science Fails: Building AI You Can Trust

AI has the power to transform countless industries — including the healthcare, banking, insurance, and public service sectors, to name just a few — by introducing new efficiencies and revealing new opportunities for companies to solve problems. Download the report to gain insights including: How to watch for bias in AI.

article thumbnail

Insurtech startup Spot brings in $17.5M equity, debt to fill insurance gaps for accidental injuries

TechCrunch

Spot is tackling this issue with a digital, on-demand injury insurance product that can be as-is or as a complement to traditional health insurance. We are setting the foundation to drive change and the distribution of insurance.”. That led to applying the same idea across youth sports, ski resorts and cycling organizations.

Insurance 245
article thumbnail

Zopper raises $75 million to solve India’s insurance problem

TechCrunch

That business, an API platform for insurance infrastructure, said on Tuesday it has raised $75 million in new funding. Zopper works with insurance providers and creates byte-sized, personalized products that it then supplies to distribution partners. Zopper’s current porfolio of Insurance coverage (Image credit: Zopper).

Insurance 226