Commercial Lines
UK InsurTech Startup Inzura Raises $1M to Fuel Machine Learning/AI Growth Plans
Inzura, the London-headquartered InsurTech startup, announced the completion of its first major funding round, raising $1 million to pursue what it said will be ambitious growth plans. Investors ...
Most Americans Uneasy About Riding in Self-Driving Cars
Two-thirds of Americans are uncomfortable about the idea of riding in self-driving cars, according to a Reuters/Ipsos opinion poll, underscoring one of many challenges for companies spending billions ...
Industry Needs to Join InsurTech Wave to Digitize Insurance: AFL’s Esser
There is a fundamental need for reform and modernization, particularly in the London market. We should be electronically processing all lines of business, not just specialty classes. Of course, we ...
Chubb Soars in 2017 Despite Catastrophe Cost Challenges
Chubb ended 2017 in relatively solid shape, challenged by wildfire-related catastrophe costs but buttressed by a one-time gain from the Trump tax cuts. The insurer booked $1.5 billion in net income, ...
Generali Goes for Artificial Intelligence in Spain Via New Expert System Agreement
Generali is planning to inject the use of artificial intelligence into its work processes in Spain. The Italian insurer will do this by way of an agreement with Expert System, an artificial ...
Munich Re Is Lead Investor in $16.5M Financing for Mnubo, an IoT/Artificial Intelligence Startup
Munich Re's HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things, data analytics and artificial intelligence startup seeking to expand internationally. Both companies ...
Catastrophe Modeler Praedicat Raises $6M With Plan to Reach Beyond Insurance Clients
Praedicat said it has completed a $6 million, early stage financing. The Los Angeles-based casualty catastrophe modeling company plans to use the money to accelerate development of products that ...
General Liability Underwriters Poised to Fill Drone Coverage Gap
With traditional aviation insurance policies unlikely to address all emerging risks from the rapid jump in drone use, general liability underwriters are poised to fill the gap, according to a new ...