Industry News
DeepSee.ai Raises $22.6 Million to Expand Reach of Knowledge Processing Automation Platform
DeepSee.ai, a knowledge processing InsurTech, said it has raised $22.6 million in new financing, money that will help expand its initial client base beyond capital markets and insurance verticals. ...
Blink Parametric Expands to Central and Latin America
Blink Parametric, the Cork, Ireland-based InsurTech plans to expand its flight disruption insurance platform into Central & Latin America starting later this month. The partnership between Blink ...
Microsoft Reportedly Stands to Gain Large Share of New U.S. Cyber Spending
Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, sources told Reuters, angering some lawmakers who don't want to increase funding for a ...
Most Customers Are Digitally Transmitting Photos or Videos When Filing Property Claims: J.D. Power
More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall ...
February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon
Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...
The U.S. P/C Industry Boosted Profits in 2020 Despite COVID-19: A.M. Best
Despite the COVID-19 pandemic, the U.S. property/casualtyindustry improved its overall profitability in 2020, with a 68 percent increase in net underwriting income and combined ratio that improved ...
Swiss Re Corporate Solutions and Coalition Extend Collaboration
Swiss Re Corporate Solutions, the commercial insurance unit of Swiss Re Group, and Coalition, a provider of cyber insurance and security, have signed a multiyear strategic agreement to provide broad ...
Status of Certain Casualty Actuarial Ratemaking, Reserve Principles in Flux
A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision to rescind a "statement of principles" of ...