Qumis, an innovative AI-powered platform designed to assist insurance professionals, has announced the successful closure of a $2.2m pre-seed funding round. The round was led by Armory Square Ventures, with additional participation from MTech Capital, Grand Ventures, Alumni Ventures, BrokerTech Ventures, Sean Harper, co-founder and CEO of Kin Insurance, and Tom Vander Schaaf, former General
Ethos, a leading provider of cutting-edge InsurTech solutions, has announced a strategic partnership with Protective Life Corporation and its subsidiary Protective Life Insurance Company, collectively referred to as Protective. The partnership will enable Protective to offer its proprietary term life insurance directly to consumers via Ethos’ advanced digital platform, according to FF News. The collaboration
Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital financing. This move is designed to support Wisedocs in broadening its client base and enhancing its product offerings. The company, renowned for its artificial intelligence (AI) software platform, offers streamlined solutions
The program, known as the SentinelOne Risk Assurance Initiative, aims to offer insurers the SentinelOne Singularity™ Platform at preferred rates, enabling them to stop attacks before they occur and reduce both financial losses and insurance premiums. The move has been driven by the growing need for insurers to provide robust cybersecurity solutions to their clients.
The investment was spearheaded by Information Venture Partners, a prominent early-stage B2B FinTech investment firm. They were joined by Thomson Reuters Ventures and ManchesterStory, marking a significant vote of confidence in Wisedocs’ future. At its core, Wisedocs specialises in the development and provision of machine learning software-as-a-service (SaaS) aimed at medical record review, indexing, and
Utilising Insurity’s analytics solutions grants carriers an enhanced level of reliable insights into their portfolios, facilitating heightened segmentation and improved loss ratios. The flagship offering of the solution, known as Insurity Predict, harnesses the power of AI to elevate predictive analytics and modelling capabilities, delivering a substantial enhancement in loss ratios and instilling credibility in
TerraPay, a leading global payments infrastructure company, today announced that it has secured authorization as an Electronic Money Institution (EMI) in Italy. Having obtained approval from the Bank of Italy, TerraPay is set to expand its operations within the country and subsequently, throughout the European Union. Under Article 114-quinquies Consolidated Banking Act (TUB), the Bank
Business technology provider NCR has expanded its Cashzone-branded ATM network in Portugal. To date, more than 100 Cashzone-branded ATMs have been installed in Portugal, giving consumers, including those visiting the country, easier access to cash. NCR is one of the largest independent ATM operators in the world and their Cashzone brand is present in the
Cover Whale, an insurtech focused on the commercial auto space, today announced reaching $100 million in insurance premiums in the first half of the year. This growth far outpaces competitors within its industry class. Leading a new vision for the insurtech industry, the company owes this milestone to its ongoing technological innovation, a distinct business
Recently we have seen unprecedented movements in the financial markets. With the crypto crash and the recent stagnation of the stock markets, some have been left scrambling to recoup their losses. Globally, Governments have been spending big on stimulus packages, and inflation has hit record numbers. We are living in unprecedented times, and we are
Consumers were already getting used to a smarter, more personalized service thanks to the rise in technology, but the pandemic, with its need for arm’s length interactions, fast-tracked the need for service providers to offer that service. It’s apparent that greater adoption of fintech and innovation in the insurance industry is needed, both to keep
22ND - 24TH JUN 2022 | SAN ANTONIO, USA
22ND – 24TH JUN 2022 | SAN ANTONIO, USA The INSURCON is the most exciting meeting in the Texas insurance industry! Read More
