Tag: Auto Insurance

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.

Tractable, which has developed an AI solution for visual assessment and disaster recovery, has launched a new solution to assess damage to buildings after natural disasters.

Hylant, a large privately owned insurance brokerage in the US, has launched RoadPilot, a pay as you go insurance service for the restaurant home food delivery industry.

Motor fleet insurance pricing service Humn has collected £10.1m in its Series A, which was led by BXR Group and Shell Ventures.

Sara Assicurazioni has become the first Italian insurance firm to leverage AI to enhance vehicle damage assessments and estimates, thanks to a deal with InsurTech100 company Tractable.

InsurTech100 company Tractable has deployed its AI tools into LKQ North America, a provider of alternative vehicle parts, as part of a new deal.

In a recent fireside chat, Quantexa CEO Vishal Marria spoke with Allianz Technology CFO Andrea Pettinelli to discuss where Allianz sees growth opportunities in the insurance space alongside potential disruptions caused by big market players entering the sector.

Greek insurance firm Hellas Direct has raised $32m in funding round supported by the European Bank for Reconstruction and Development (EBRD).

Tractable will help GEICO, the second-largest auto insurer in the US, accelerate its auto claim and repair process, as part of a new deal.

Adoption rates of usage-based insurance (UBI) is increasing quickly; however, there are a lot of issues with the current method of measuring this usage, according to Sentiance.