CTO / Technology
Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion
FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves ...
Mining for Gold: Overcoming Challenges to Unstructured Text Data
Artificial intelligence (AI) is undeniably changing the insurance industry. Carriers are justifiably enthusiastic about the opportunities for improved efficiency and cost savings. Unfortunately, the ...
Agentero Raises $13.5M to Expand Its Digital Insurance Network for Agents
Agentero raised $13.5 million in new financing designed to boost and help expand its digital insurance network for agents. The California-based InsurTech, launched in 2017, is designed to help ...
Insurance Software Company Earnix Acquires Assets of Telematics InsurTech Driveway Software
Earnix, a software company focused on insurers and banks, has acquired the assets of Driveway Software Corp., a telematics provider that relies on artificial intelligence. Financial terms were not ...
Former Tesla Exec Joins Metromile as Head of Data Operations
Metromile hired former Tesla executive Colleen Qiu as its new vice president and Head of Data, representing another recent high-profile executive hire from outside the insurance industry. In May, the ...
Octo Telematics Plans Hiring Surge
Octo Telematics said it expects to hire more than 100 people – a 30 percent growth of its headcount - in a bid to strengthen the talent it has developing current and future technologies. The ...
N26, a Fintech and On-Demand Insurer, Could Hit $10B Valuation in New Fundraising
N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with ...
P/C Insurers Plan to Boost Their Use of Actuarial Automation: Willis Towers Watson
Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What's more, COVID-19 has been a major factor in the trend. The ...