Auto Insurance

Tractable, an established leader in the application of artificial intelligence (AI) to assess the condition of cars and properties, has just announced its latest fundraising success.

Haba InsurTech, co-founded in 2022 by Constance Oshafi, Stephen Onwe, and Paul Showemimo, is making strides in Nigeria's InsurTech sector.

Clearcover Insurance Company, a next-generation car insurance company, has launched an embedded insurance solution in which consumers receive final, bindable quotes when they shop via Experian's auto insurance comparison shopping service.

Motor claims processing has become a crucial component of the insurance industry due to its high volume, significant impact on customer satisfaction, and financial implications. With the frequent occurrence of vehicle-related incidents, insurers must efficiently manage numerous claims to maintain operational effectiveness. The speed and accuracy of claims handling directly influence customer satisfaction and loyalty - and Generative AI may be the future, as Simplifai explains.

Aviva has rolled out its lower cost Quotemehappy.com car insurance product to all major price comparison websites.

Navacord has partnered with Unity Managing Underwriters Ltd. to expand its array of underwriting solutions.

HSB, a Munich Re subsidiary, has unveiled Cyber for Auto, a new coverage tailored to protect against cyber threats targeting personal cars and trucks.

Enterprise Rent-A-Car Entegral, in partnership with InsurTech Tractable, has launched Smart Assist, a vehicle claim assistance product designed for use with mobile devices, in North America.

InsurTech Lula has raised $35.5m in a Series B funding round following a massive surge in customers. 

Fairmatic, an AI-powered commercial auto insurance company, has raised $46m in funding for its fleet insurance products that reward safe driving.