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
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 ...
Lemonade Exec: AI Getting the Right Claims to the Right Adjuster
AI Jim, the chatbot that handles claims for InsurTech Lemonade, is renowned for its ability to handle claims in seconds. Two seconds to be exact. That was the time it took the chatbot to settle a ...
Monitaur Announces Close of $6M Series A Funding Round
Monitaur, a model governance software company for highly regulated companies and their partners, announced the closing of a $6 million Series A funding round led by Cultivation Capital, with ...
Cover Genius Announces $80M Series E Funding Round
Cover Genius, an InsurTech for embedded protection, announced its $80 million Series E funding round. The round was led by Spark Capital with support from existing investors, including Dawn Capital, ...
Lemonade Books Q1 Net Income Loss But Sees Progress
InsurTech Lemonade followed 2023—"the year when the plan came together"—with a first quarter 2024 net loss of $47.3 million. The result is about 28 percent better than the same time a year ago ...