The world of insurance technology, or InsurTech, is quickly expanding, with Chinese companies at the forefront of this digital revolution. One of the standout players in this dynamic field is Iyunbao Technology Ltd., a Shanghai-based technology service platform. Founded in 2015, Iyunbao leverages
In an era where technological advancements are revolutionizing various sectors, the insurance industry has been steadily embracing Artificial Intelligence (AI) to enhance its operations. According to a survey conducted by Gallagher Bassett, a claims-services provider, the use of AI chatbots and
The Agencia Española de Cooperación Internacional para el Desarrollo (AECID) has made a significant investment in Mundi Ventures, a management firm specializing in InsurTech startups and related sectors. This pivotal investment, approved by the Fondo para la Promoción del Desarrollo (FONPRODE), fo
As we step into the first half of 2024, the insurtech sector in Latin America is facing unprecedented challenges and opportunities. Venture capital funding has plummeted to historic lows, yet the sector continues to display remarkable organic growth and resilience. This article delves into the
In an era marked by rapid digital transformation and escalating cyber threats, the traditional approach to cyber insurance is under increasing scrutiny. Recently, Joshua Motta, Founder and CEO of Coalition, highlighted the urgent need to overhaul existing practices to manage cyber risks more
Bondaval, a trailblazing insurtech company, is setting new standards in the trade credit insurance market through pioneering technological solutions. By introducing advanced platforms that streamline insurance processes and enhance client services, Bondaval is revolutionizing the industry. This
The world of insurance is undergoing a profound transformation, driven by the urgent need to digitize and automate claims management processes. With customer satisfaction, operational efficiency, and cost reduction at the forefront, insurers are increasingly adopting advanced technologies to stay
How Is Honey Insurance Revolutionizing Home Coverage with Technology? The insurance industry has long been plagued by stagnation and outdated models, often burdening customers with reactive rather than proactive solutions. Enter Honey Insurance, an Australian startup founded in 2020, which has
The landscape of customer loyalty in the insurance industry has undergone significant changes over the past decade. The rise of digital tools and AI innovations has played pivotal roles in reshaping customer experiences, enabling insurers to not only retain existing policyholders but also attract
The InsurTech sector presents a promising frontier for innovation in insurance, offering new and improved ways to enhance customer experience. However, InsurTech startups often encounter significant compliance challenges that can disrupt their product development and launch plans. This article
