Technology/Science
AI, Machine Learning Increasingly Embraced by U.S. Carriers: LexisNexis
Artificial intelligence and machine learning are increasingly embraced by U.S. carriers as they seek to remain competitive and modernize their operations, a new LexisNexis Risk Solutions study has ...
Octo Telematics Deepens Connected Car Focus With Nebula Systems Acquisition
Italy's Octo Telematics has acquired Nebula Systems, Ltd., a UK-based company that develops advanced cloud-based technologies for the automotive and connected car industries. The acquisition brings ...
Insurance Tech Firm Applied Systems to Grab Indio Technologies for Undisclosed Price
Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio's digitized ...
Trov, Lloyds Banking Arm Partner on Digital Renters Insurance Application
Trov has rolled out its digital renters insurance application, an end-to-end product brought to market by a unit of Lloyds Banking Group. Trov, an insurance technology company, said the product ...
China’s Ping An Insurance Plans $500M U.S. IPO for OneConnect Arm
Ping An Insurance's OneConnect Financial Technology plans to launch a U.S. initial public offering (IPO) for about $500 million on Tuesday, people with knowledge of the matter said, reducing both its ...
For InsurTech Startup Kin, No App Is Necessary
Both old-fashion carriers and InsurTech startups alike are increasingly turning to apps in order to engage their customers. Sean Harper is going the opposite direction for Kin, the MGA and insurance ...
MiddleGame Ventures Raises $165.4M for InsurTech, Other Startup Investments
MiddleGame Ventures, an InsurTech and fintech-focused venture firm, has raised a new $165.4 million fund that will target investments in Europe and North America. The Luxembourg-based operation has ...
InsurTech Cytora, MGA C-Quence Partner to Quicken Commercial P/C Underwriting Processes
Digital managing general agent C-Quence and InsurTech Cytora are partnering to advance broker processes for commercial property/casualty underwriting. C-Quence will launch its P/C line of products in ...