Tag: Insurance Technology

Heron, a workflow automation company specialising in AI-powered document processing for traditional industries such as lending, insurance and equipment finance, has raised $16m in a Series A funding round.

In today’s evolving financial crime landscape, the insurance sector is facing increasing scrutiny. Long considered a low-risk area, both life and non-life insurance products are now being exploited for money laundering, sanctions evasion, and fraud.

Saudi Arabia-based Yasmina Embedded Insurance has raised $2m in seed funding to accelerate the growth of its API-powered InsurTech platform.

ZestyAI, a US-based InsurTech firm focused on AI-driven risk analytics for property and casualty insurers, has secured a $15m credit facility from CIBC Innovation Banking.

In a fast-evolving insurance landscape, traditional manual methods for policy comparison are increasingly inadequate.

Crabi, a digital auto insurance company based in Mexico, has raised $13.6m to expand access to its AI-driven platform.

Frank Winston Crum Insurance has adopted Akur8’s AI-powered platform to upgrade its risk modelling, pricing, and reserving strategy. The insurer aims to drive profitable growth by developing models in-house and gaining deeper insights into experience data.

Nearmap has revealed its plans to acquire itel, a move that will bring together two respected names in the property intelligence and insurance claims ecosystem.

Bestow, a technology provider for the life insurance sector, has raised $120m in an oversubscribed Series D funding round as it continues to reposition itself as a core technology partner for carriers.

IntellectAI has launched Magic Placement, a new AI-driven tool designed to streamline insurance policy comparison for agents, brokers, and wholesalers.