artificial intelligence News
Lemonade Secures $120M in New Financing to Fuel Global Expansion
Digital insurer Lemonade Inc. announced a $120 million Series C funding round it will use to help accelerate a global expansion in 2018. SoftBank Group led the round, joined by existing investors ...
American Family Beefs Up Data/Analytics Capabilities With Networked Insights Acquisition
American Family Insurance has purchased a data and analytics software company in a move it said will help accelerate its digital transformation. Financial terms were not disclosed for American ...
Ganging Up on Blockchain and Other Hyped Tech Concepts
What is the most hyped InsurTech concept? At the 2017 InsureTech Connect Conference, the favorite answer seemed to be blockchain, although Munich Re Digital Partners CEO Andy Rear was hesitant to ...
Top 10 Takeaways from InsureTech Connect 2017 Conference
More than 3,800 insurance and technology enthusiasts gathered at Caesar's Palace in Las Vegas in October for the second annual InsureTech Connect Conference. In addition to insurance executives, the ...
Artificial Intelligence Startup Cytora Raises $5.9M From QBE, Starr, Others
Artificial intelligence startup Cytora has raised $5.9 million in new financing from investors including divisions of QBE's venture arm and Starr Companies. QBE Ventures, Starr Global Holding, ...
Aon Partners With InsurTech CLARA to Deliver AI Claims Tools for Workers Comp Insurers
Aon Benfield has teamed with CLARA analytics to deliver artificial intelligence tools to workers compensation insurers in the U.S. to help employees return to work as quickly as possible while ...
Lloyd’s Signs Global AI Deal With Expert System
Lloyd's of London wants to infuse artificial intelligence technology into the daily business it does with its customers. The world's largest insurance market signed a global deal with Expert System ...
Getting Ready for AI: A 5-Step Practical Approach for Insurers
Artificial intelligence (AI) is rapidly proving its business worth across many industries, and insurance is no exception. AI can enable smarter ways to sell products and services, whether powering ...