InsurTech
Tractable’s Next Move: AI Property Claims Assessment Before Damage Photos
Tractable, an InsurTech that revs up auto claims assessment processes using artificial intelligence that's trained on photos of dented cars, is now teaching machines to handle property disaster ...
How AI Estimating Helps Auto Insurers in Inflationary Times
According to Jimmy Spears, head of automotive at InsurTech Tractable, "Speed is everything" in auto claims adjusting. "Nothing gets cheaper over time," he said during a recent interview, addressing a ...
InsurTech Founders Say Launching an MGA Means Learning to Juggle
Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra CEO Dan Woods at the 2022 OnRamp Insurance conference. "I don't ...
Executives on the Move at QBE, Zurich, Pie, Chubb
QBE announced that it has named Chris Killourhy as managing director of QBE Re. The appointment is effective Sept. 1, subject to regulatory approval. Killourhy succeeds Steve Postlewhite, who left ...
InsurTech Ledgebrook Closes $4.2M Seed Funding Round
Ledgebrook, a Boston, Mass.-based InsurTech founded in March, announced that it raised $4.2 million in seed funding to build out its operations with the goal of writing its first policies in the ...
Lemonade Records Another Q2 Loss, Changes Pace for Profitability
InsurTech Lemonade said it booked a second-quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, but in a letter to shareholders the company ...
Pie Insurance Partners With Bold Penguin, Talage and Tarmika
InsurTech Pie Insurance, which specializes in workers comp insurance for small businesses, has formed strategic partnerships with three leading commercial insurance platforms: Bold Penguin, Talage ...
Global InsurTech Investment Down 50% in Q2: Gallagher Re
Global investment in insurance technology firms totaled $2.41 billion in the second quarter, down 50 percent from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher ...