The commercial auto insurance sector is experiencing significant challenges. Fleet operators are grappling with rising premiums, an increase in claim frequency, and a decline in available insurance capacity. These issues are intertwined with the need for better recruitment practices, advanced
In a world where cyber threats are becoming increasingly sophisticated, KYND has emerged as a beacon of innovation and efficiency. Founded in 2017, KYND specializes in helping cyber insurers and brokers assess and manage their cyber risk profiles. The company's mission is to demystify complex cyber
The insurance industry stands on the brink of a technological revolution, with IAT Insurance Group positioning itself at the vanguard by integrating CLARA Analytics’ Claims Document Intelligence Pro (Claims DocIntel Pro) into their auto and general liability claims processing operations. This
IAT Insurance Group's recent adoption of CLARA Analytics’ Claims Document Intelligence Pro (Claims DocIntel Pro) signifies a significant step forward in the management of auto and general liability claims. By leveraging this advanced generative AI solution, IAT aims to streamline its processes,
Bengaluru-based insurtech startup Onsurity Technologies recently secured $45 million in its Series B funding round, a significant milestone that promises to enhance healthcare benefits for small and medium-sized enterprises (SMEs) across India. This round was spearheaded by the private equity firm
The traditionally conservative and slow-moving insurance industry is undergoing a significant transformation fueled by technological advancements. This digital evolution, known as Insurtech—a merger of “insurance” and “technology”—is revolutionizing the sector through various innovations aimed at
The first half of 2024 has proven to be a challenging period for the Asian InsurTech sector. Facing a significant downturn in both deal volume and funding amounts, the industry is grappling with difficult economic conditions and shifting investor sentiments. With only 16 transactions recorded, a
The insurance industry, deeply rooted in traditional practices that date back to ancient times, is undergoing a significant transformation fueled by technology-driven startups known as InsurTech companies. These innovators are challenging and redefining the norms set by long-standing, conventional
The venture capital landscape has seen a significant development with Redalpine's announcement of the successful closing of its largest fund to date, Redalpine Capital VII (RAC VII). This $200 million fund is set to fuel innovations across various high-impact technology sectors in Europe. Despite a
The insurtech industry, despite facing a slew of challenges in recent years, has shown significant signs of recovery and growth in the second quarter of 2024. This resurgence is marked by a notable uptick in global investments and a cautiously optimistic outlook for the future. Gallagher Re’s
