Technology/Science
Lloyd’s, London Markets Exceed Q2 Electronic Placing Targets
More than half of in-scope market risks were placed electronically in the London and Lloyd's markets during the second quarter, surpassing targets placed on the Platform Placing Ltd. (PPL) and other ...
Data Science Startup DataCubes Is Ramping Up Carrier Partnerships
InsurTech DataCubes raised its first funding round of $2.5 million just under two years ago and continues on a growth trajectory today. (Hint: more fundraising is planned in the near future.) The ...
InsurTech Product News: A Carrier Partnership and Workflow Management Pilot Project
The Hartford is working with Cape Analytics to apply artificial intelligence to its property insurance quote and renewal process. An InsurTech focused on streamlining workflows for independent ...
Appeals Court Rejects Facebook’s Attempt to Halt Facial Recognition Class Action Lawsuit
A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their ...
Mobile Sales Assistant Vymo Raises $19M; AXA, Allianz Among Customers
Vymo, a technology company whose mobile app captures and automates data for insurance sales reps and others on the go, has raised $18 million in new financing. The India-based SaaS (software as a ...
Massachusetts-Based Cybersecurity Company Raises $200M to Fuel Global Expansion
Antivirus startup Cybereason said on Tuesday it raised $200 million in investment from Japan's SoftBank Group Corp, doubling the total investments raised by the company so far to about $400 million. ...
AI and Bionic Eyes Poised to Be the Latest Wildfire Risk Reduction Tools
On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren't human. They don't blink or take breaks, and guided by artificial intelligence ...
11 InsurTech Startups Join Lloyd’s Innovation Accelerator Program
Eleven new InsurTech startups are joining Lloyd's of London's innovation accelerator program. More than 130 applications came in from across the world for the third cohort of the Lloyd's Lab, its ...