CTO / Technology
AI Tech Firm Expert System Raises $29.4M; Clients Include AXA XL, Lloyd’s, Zurich
Expert System, a global artificial intelligence company with many property/casualty insurance industry clients, raised $29.4 million in a new financing round. Of that total, $20 million came from ...
CoreLogic Bidders Seek Shareholder Backing to Replace 9 Directors
The investors seeking to take over CoreLogic Inc. plan to solicit support from fellow shareholders to replace nine directors, after the company rejected their $7 billion proposal to take it private. ...
Generali Continues Search for M&A Bargains as Profits Drop
Insurer Generali expects lower profits this year after COVID-19 hit first-half results, but will still keep an eye open for M&A opportunities that might arise from the crisis, it said on ...
Best Practices for Developing an Automation Mindset Across an Organization
With interest rates near zero percent, insurance carriers are facing a shifting paradigm. Investment income will not be able to drive return on equity alone, and the combined ratio will have to bear ...
InsurTech Financings Rebound in Q2; A Longer Recovery Remains in Question
InsurTech venture capital investments rebounded strongly in the second quarter after a pummeling earlier in the year due to growing pandemic-related uncertainty in the financial markets. Firms in the ...
Sapiens to Acquire Rival Delphi Technology, With Eye on MPL Space
Sapiens International Corp. said it plans to pay nearly $20 million for rival software company Delphi Technology in order to more deeply penetrate the medical professional liability insurance space. ...
Remote Workforce Likely Here to Stay: Accenture
The insurance industry made a smooth transition to a largely remote workforce when the COVID-19 pandemic began, with most companies reporting either no change or even an increase in employee ...
Why Commercial Digitization Is a Pandemic Priority: Planck CEO
While other companies have struggled during the coronavirus pandemic, Planck sees opportunity. In June—well into the ongoing COVID-19 crisis—Planck announced it had raised $16 million in venture ...