InsurTech

The advent of generative AI is not just a futuristic vision but a present reality transforming how businesses communicate with customers. This cutting-edge technology, underpinned by large language models (LLMs) like GPT-4, BERT, ELECTRA, and RoBERTa, is setting new standards for customer interaction and service delivery. It enables systems that not only manage communications but also predict and adapt to customer needs with unprecedented personalization and efficiency.

Akur8, a next generation insurance pricing solution, and Milliman, a premier global consulting and actuarial firm, have expanded their alliance.

Wefox, an insurance comparison platform, is reportedly looking to raise a ‘triple-digit-million’ euro equity round.

Amwins, a global distributor of specialty insurance products and services, has partnered with FusionMGA to provide retail brokers with access to cyber security solutions.

Open banking payments platform Trustly will help students pay for their insurance through a new partnership with Swedish insurer Folksam.

Novidea has recently announced a significant development in its growth trajectory, securing an additional $30m in funding from HarbourVest Partners.

Nationwide is set to streamline its life underwriting process through a groundbreaking new partnership with DigitalOwl.

Sweden-based InsurTech Insurely has raised €19m in Series A funding led by New York-based global private equity and venture capital Insight Partners.

Mobility insurance provider Zego claims to have become the first UK InsurTech to secure a European broking licence, ensuring its European expansion plans post Brexit in the process.

Home insurance shopping platform Young Alfred has secured $10m in its funding round led by Gradient Ventures. Investors from the InsurTech’s seed round, including Pear...