Technology/Science
Chinese InsurTech Waterdrop Raises $230M From Swiss Re, Others; U.S. IPO Planned
Chinese online insurance technology platform Waterdrop Inc has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday. ...
State Auto Plans Broad Rollout of Agent Platform Developed With Amazon
State Automobile Mutual Insurance Company is planning a national rollout of a platform designed with Amazon to help independent insurance agents better serve the insurer's policyholders. A beta ...
Researchers Worry That ‘Whiteness’ of AI Erases People of Color: Risk Alerts
Researchers from the University of Cambridge are worried that the "overwhelming whiteness" of artificial intelligence may remove people of color from humanity's vision of the future. Teens and young ...
American Family Ventures’ New $213M Fund Seeks Early Stage InsurTech Startups
American Family Ventures has launched a new $213 million fund that invests in early stage InsurTech startups. "The insurance industry is embarking on profound transformation," AFV managing director ...
Duck Creek’s Nasdaq Debut Sees Shares Soar From IPO Start
Shares of Duck Creek Technologies Inc soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial ...
Insurance Software Maker Vertafore Sold to Roper in $5.4B Deal
Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion. Roper said the Vertafore management team ...
InsurTechs Focused on Commercial Auto and Climate Risk Secure New Funding
An InsurTech MGA focused on commercial auto insurance has raised $16 million in new Series A financing. A climate-risk related InsurTech raised $4.2 million in new seed financing. *** High Definition ...
P/C Insurance Software Startup Duck Creek Raises IPO Range
Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects ...