Tag: AI-powered underwriting
Insurance AI boosted as Applied Systems buys Cytora
Applied Systems has announced the acquisition of Cytora, a specialist in digital risk processing, as part of its push to expand AI-driven insurance solutions.
AI-driven Magic Placement transforms underwriting with smarter document insights
Insurance brokers face mounting pressure to process vast amounts of paperwork quickly and accurately. From quotes and binders to renewals and policies, even minor...
US, UK and France continued to take lion’s share of global...
Key Global InsurTech investment stats in 2024: Global InsurTech deal activity dropped by 47% YoY
US, UK and France continued to dominate global InsurTech...
AI-driven risk assessment propels the AI in insurance market to $141bn...
AI in insurance market is expected to grow from $8.13bn in 2024 to $141.44bn by 2034, driven by investments in AI-powered risk assessment...
Worth raises $25m in TTV Capital-led round to drive onboarding automation
Worth, a FinTech company specialising in onboarding and underwriting workflow automation, has secured $25m in a funding round led by TTV Capital.
US-based R.E. Chaix adopts IntellectAI’s underwriting platform to scale operations
US-based R.E. Chaix, a wholesale insurance brokerage firm specialising in multiple property and casualty (P&C) lines, has selected IntellectAI's end-to-end underwriting ecosystem, eMACH.ai Xponent, to enhance its wholesale and managing general agent (MGA) business.
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