InsurTech
Roots Automation Closes $22.2M Series B Funding Round
Roots Automation, creator of the AI-powered Digital Coworker and InsurGPT, a generative AI model for insurance, announced the closing of a $22.2 million Series B funding round. Harbert Growth ...
Cowbell Secures $60M Series C Funding From Zurich
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a ...
German InsurTech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan
Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup's board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he ...
Mubadala Proposal to Sell InsurTech Startup Wefox Opposed by Founders
Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm's founders. The Abu Dhabi ...
Using AI as a Copilot for Talent
AI is "going to change the way we work and think about work, and it's either accepting that fact now or accepting it later," said Darien Acosta, chief AI officer at Cover ...
InsurTech Summit Report: Capturing Data to Underwrite With AI
While they come to the property/casualty insurance sector with very different backgrounds, and currently participate in unrelated segments of the market, two InsurTech executives agree that ...
How AI in the Workplace Could Affect Insurance Coverage, Litigation
How could generative artificial intelligence affect litigation and insurance coverage as it's increasingly used in the workplace? Experts at Carrier Management's recent InsurTech Summit discussed the ...
Inflation a Blessing for Root: Q1 Profit Is Proof Point of Data Science Strategy
There was a moment in first-quarter 2021 when InsurTech Root met a long-desired loss ratio target, sending a promising signal that the cash-burning startup was squarely ...
Beyond Carvana: Root Bullish on Embedded Insurance Distribution
Although three strategic pillars guide investments in technology and data science at InsurTech Root, the second pillar—one focused on "meeting customers where they ...