Technology & Analytics
AI Insurance: Who Is Insuring the Algorithms?
There are some algorithms in life that, even with the very best marketing, don't really matter too much. For example, if Netflix's recommendation algorithm points me toward the first episode of a ...
Kin Raises $35M; Florida Home Insurance Carrier Pilot to Expand
Kin Insurance raised $35 million in new venture funding, attracting multiple investors including the investment arm of AAA Insurer CSAA Insurance Group. The Chicago-based home insurer focused on ...
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.
Citing Social Justice, Root Pledges to End Credit Scoring for Auto Insurance Pricing
Root Insurance pledged to eliminate the use of credit scoring from its car insurance pricing model by 2025, a move the InsurTech said will help remove bias and discrimination from the process. ...
AI Tech Firm Expert System Raises $29.4M; Clients Include AXA XL, Lloyd’s, Zurich
Expert System, a global artificial intelligence company with many property/casualty insurance industry clients, raised $29.4 million in a new financing round. Of that total, $20 million came from ...
Buckle Raises $31M; Seller of Digital Rideshare Insurance Is Going National
Buckle disclosed it has raised $31 million in new venture financing, and the digital seller of rideshare insurance will use the money to expand operations nationally. HSCM Bermuda and Eos Venture ...
Best Practices for Developing an Automation Mindset Across an Organization
With interest rates near zero percent, insurance carriers are facing a shifting paradigm. Investment income will not be able to drive return on equity alone, and the combined ratio will have to bear ...
InsurTech Financings Rebound in Q2; A Longer Recovery Remains in Question
InsurTech venture capital investments rebounded strongly in the second quarter after a pummeling earlier in the year due to growing pandemic-related uncertainty in the financial markets. Firms in the ...
Why Commercial Digitization Is a Pandemic Priority: Planck CEO
While other companies have struggled during the coronavirus pandemic, Planck sees opportunity. In June—well into the ongoing COVID-19 crisis—Planck announced it had raised $16 million in venture ...