Cargo theft in the U.S. is escalating, with losses exceeding $130 million in 2023. Experts believe the actual figures could be even higher. Thieves have evolved their strategies, increasingly leveraging technology to execute fraud, particularly through load boards—digital platforms that connect
The recent strategic acquisition of Docomotion by Novidea marks a significant step in Novidea’s efforts to bolster its insurance management platform with innovative automated document generation capabilities. Novidea, known for its comprehensive cloud-based, data-driven insurance management
SeedBlink's recent introduction of the Rolling Facility on its SeedBlink Syndicates platform marks a significant advancement in the way startups can secure ongoing funding, addressing the growing difficulties they face in acquiring traditional venture capital, particularly in a volatile economic
The insurtech industry finds itself at a critical juncture, marked by increasing specialization that, while fostering innovative solutions, also limits the sector's allure to venture capital investors. AV8 Ventures' head of insurtech investing highlights an emerging trend within the industry:
IBISA, an insurtech company specializing in climate resilience through parametric insurance, has successfully raised $3 million in a funding round aimed at expanding its operations in Asia and Africa. This funding round was led by the Acumen Resilient Agriculture Fund (ARAF) and Equator, with
Automation is drastically transforming the insurance industry, bringing a wave of innovation that enhances operational efficiency, customer care, and strategic decision-making. In the modern insurance landscape, automation is becoming indispensable, revolutionizing traditional practices and
In a rapidly evolving financial landscape, the pressure for regulatory bodies to adapt to the needs of emerging sectors is greater than ever. Nowhere is this more apparent than in the insurtech industry, where Insurtech UK is calling for substantial changes. The trade body has put forth a detailed
In the rapidly evolving world of insurance, the need for advanced tools to construct better pricing models is paramount. Hyperexponential introduces Custom User Interface Components (CUICs), the innovative tools that seamlessly blend into hx Renew, offering a transformative approach to pricing
Investors in Wefox, a significant European insurtech company, have orchestrated a crucial financial intervention aimed at navigating the company through its present financial and operational difficulties. This decisive maneuver centers on a proposed injection of €25 million by leading investors
The dramatic expansion of big data analytics in healthcare is indicative of a sector undergoing profound transformation. An Allied Market Research report projects a market value of $134.9 billion by 2032, a noticeable leap from its $29.7 billion valuation in 2022. The following article delves into
