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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.
If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+.
Lula , a Miami-based insurance infrastructure startup, announced today it has raised $18 million in a Series A round of funding. Existing backers such as Nextview Ventures and Florida Funders also put money in the round, in addition to a number of insurance and logistics groups such as Flexport.
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. to autonomously address lost card calls.
A clutch of the world’s largest consumer products and food companies are joining Budweiser’s parent company Anheuser-Busch InBev in backing an investment program to support early-stage companies focused on making supply chains more sustainable.
Its 15 active investments run the gamut from autonomous vehicles, to car insurance tech, to ride-sharing, and travel planning, but increasingly the firm is focusing its efforts on vehicle electrification and sustainable supply chains. “We have looked at a number of companies who are developing new battery chemistries.
The finalists are: GXS Bank HK Express Hong Kong Baptist University KPMG NTUC Health OCBC Bank Thai Union Sentosa Development Corporation Singlife Sustainability This award recognises technology teams delivering sustainability benefits to the organisation via initiatives and innovation that aim to reduce environmental impact.
Organizations must navigate frameworks like the EU’s General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and sector-specific mandates such as the Health Insurance Portability and Accountability Act (HIPAA). are creating additional layers of accountability.
In addition to individual recognition, the programme includes: the Next CIO award as well as Team of the Year awards – spanning Innovation, Customer Value, Talent, Culture, and Sustainability. These are in addition to CIO100 awards in the US, UK, and the Middle East. …
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.
There is a need and realization by the business world to be more environmentally sustainable since organizations are seeing an impact on the bottom line as a direct result of climate change. And if the world’s temperatures rise by or above 1.5 CIOs are in a great position to demonstrate their business acumen,” says Sadler.
Like many legacy markets poised for change, the insurance industry has already seen its first wave of innovation. brought a centuries-old product into the digital era by giving customers a way to apply for insurance online. That’s because insurance, fundamentally, is about risk. wave essentially flowed in the wrong direction.
However, they also recognized the need for bold actions to achieve sustainable success. Supply chain resilience and sustainability The fragility of global supply chains has been a major concern, making resilience and sustainability top priorities. Our take: Building resilient and sustainable supply chains is crucial.
Kunal Lunawat Contributor Share on Twitter Kunal Lunawat is co-founder and managing partner of Agya Ventures , a venture capital firm focused on real estate tech, blockchain, AI and sustainability. AI’s emergence will cut through material use cases in real estate tech, from search and listings to mortgages, construction and sustainability.
In a related session, Ricardo Angel Granados López (Xebia) and Akhil Nambiar from ING discussed how data is driving sustainable ESG initiatives , offering a strategic blueprint for organizations looking to align business objectives with environmental goals. You can learn more about them here. More details can be found here.
The will of top management, in fact, allowed the transformation to be carried forward in a sustainable way, which further facilitates acceptance of change. The secret of success is the endorsement of the owners and top managers, who embraced the project and believed from the start in the usefulness of reliable reports.
Becoming a sustainable enterprise is no longer a “nice to have” priority – reducing a company’s carbon footprint and fighting climate change is now mainstream. A sustainable model is built on an entrepreneurial approach to collaboration and building together, while making sure that the impact on the ecosystem is reduced steadily. “A
“Keeping these factors in mind, we need to prepare the company to sustain through these headwinds. The employees will also get 100% of the variable pay until December 2022 and their health insurance policy cover will remain until the end of June, the startup confirmed.
Of course, the need for speed among consumers hits the brick wall that is the insurance industry and government’s timeline for dispersing post-disaster insurance claims and aid. After meeting Angrigiani, the two explored ways to make the insurance system better for end users.
Branch , a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 In other words, the company has partnered with mortgage or security system providers to integrate insurance at the point of sale in their products. million in total funding since its 2017 inception.
Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.
Respondents represent 12 industries, among them banking, investment and insurance, manufacturing, automotive, retail, healthcare and the public sector. The report explores high-priority topics like the effect of GenAI on the workforce and organisational culture, as well as challenges relating to ethics, safety and sustainability.
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.
The company sells its own health insurance products and has expanded to other medical products and services. Now, we are self-sustaining and will be until we reach profitability.”. We sell insurance products at cost — more or less. The company is a health insurance company built for the 21st century. billion and $2.9
The financing was led by Clal Insurance and Altshuler Shaham, which are Israeli institutional investors. Giving EV batteries a second life for sustainability and profit.
Greenwashing is equally loud There’s a push for sustainability in fintech yet, many firms promote green products without any genuine impact fundamentals. For this matter, cybersecurity will remain a top priority.Investments driven by sustainability will become paramount.
The add-on investment comes from Munich Re Ventures (the corporate VC arm of Munich Re Group, one of the largest insurance companies in the world). Munich Re is a key provider of insurance for satellite operators in particular, offering policies that cover pre-launch, launch and on-orbit operations.
Respondents represent 12 industries, among them banking, investment and insurance, manufacturing, automotive, retail, healthcare and the public sector. The report explores high-priority topics like the effect of GenAI on the workforce and organisational culture, as well as challenges relating to ethics, safety and sustainability.
On the surface and as it exists today, AI and sustainability take you in opposite directions,” says Srini Koushik, president of AI, technology and sustainability at Rackspace Technology. “AI Sundberg knows about as much as anybody on Scope 3 reporting and covers the subject in his book Sustainable IT playbook for technology leaders.
More posts by this contributor Preparing for fintech’s second decade: 4 moves your firm must make now Over the last decade, fintech has evolved from a label for plucky startups into a sustained movement that has disrupted the traditionally stodgy financial services industry.
Justos , a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 The process to get insurance in the country, by any accounts, is a slow one. It takes up to 72 hours to receive initial coverage and two weeks to receive the final insurance policy.
Apollo’s products include insurance – which is offered by its partners including Pula, the Kenya-based insurtech. “We We have designed our business to strengthen farming systems, and if you think about climate change, we bundle insurance with every credit we sell to protect the borrower,” said Pollak.
Insurance is one of the many industries that has been tremendously shaken by the events of 2020. These unprecedented happenings are significantly reshaping the insurance market, pushing insurers to review their approach to numerous sectors and risks.
. “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. Chia said GoGet’s “vision is to bring flexible work to the world in a sustainable manner.”
Ranging from the rapid adoption of sustainable technologies to the welcoming of a new local creator economy, we detail the surprising changes the pandemic has brought to consumer preferences, workplace dynamics, business models and the geopolitical influence on the fast-changing tech sector.
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.
And they’ll need it to impress this panel of judges — all of whom focus on sustainable impact. FinTech: Hillridge Technology has developed weather-based parametric insurance for farmers to help protect crop yields and livestock. Learn more about XTC here. You know they’ll bring the heat and present a finely tuned pitch.
CRAWL: Design a robust cloud strategy and approach modernization with the right mindset Modern businesses must be extremely agile in their ability to respond quickly to rapidly changing markets, events, subscriptions-based economy and excellent experience demanding customers to grow and sustain in the ever-ruthless competitive world of consumerism.
The business is at a clear inflection point with new membership and warranty products driving increasing and exciting business metrics that point to a sustainable growth trajectory,” he added. Leading VCs discuss how COVID-19 is impacting real estate & proptech.
The startup also offers insurance. OTONOMI is looking to disrupt the air cargo insurance industry by offering a more efficient product that uses data-activated triggers, smart contracts and integrated digital wallets, creating a more transparent and cost-efficient experience for both parties.
Almost a year into the pandemic, the accelerated digital transformation has begun to feel less abrupt and more sustained. We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. The future looks bright, but there’s still a long way to go.
Even so, several VCs who are active in the space told Anna Heim that other insurtech startups can still make inroads if “they can build a sustainable business model.”
Another challenge that I saw is that there were hardly any options for insurance and retirement services for immigrants and low-income people,” Parekh said. In partnership with Avibra, Fair is offering free supplemental life, accident medical and AD&D insurance to all members as part of its banking services.
By automating the identification and characterization of automobile damage, insurers can enhance efficiency, improve accuracy, and ultimately provide a better experience for policyholders. Insurance agent has received a claim for a vehicle damage. ''' task = '''This claim includes two images. We use the following input images.
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