Insurance

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/retail

Nationwide streamlines life underwriting process with DigitalOwl

Nationwide is partnering with DigitalOwl for their advanced platform which transforms medical data into meaningful summaries for a better, faster and more accurate review.

/cloud

Admiral selects Google Cloud

Admiral, a leading financial services company in the UK and part of the Admiral Group, has selected Google Cloud as a strategic cloud partner.

/startups

LDC makes 'significant' investment in Uinsure

Private equity investor, LDC, has invested in the rapidly expanding insurtech business Uinsure, to support its ambitious growth strategy.

/startups

Home insurance startup Kin raises $15 million

Kin, the pioneering digital, direct-to-consumer home insurance company, today announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy.

/retail

Cavendish Online implements Aveni AI

Cavendish Online, part of Lloyds Banking Group, has partnered with Aveni.ai, the Artificial Intelligence fintech business, to become one of the first protection distributors in the market to use AI technology to help improve the experience for customers.

/sustainable

CarbonPool closes $12m to underwrite the carbon credit markets

CarbonPool, set to be the world’s first insurance company with a carbon credit balance sheet, has closed a CHF 10.5 million ($12 million) funding round.

/startups

Insurtech Ansel raises $20m

Ansel, an insurtech on a mission to build a world where health hardships don’t create financial burdens, announced that it has raised a $20M round of funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others.

/payments

Mastercard scales use of virtual cards for healthcare claims

Fragmented, slow and inefficient payment processes have long been a challenge within the healthcare ecosystem.

/retail

Getsafe Acquires EQT-backed student loan platform deineStudienfinanzierung

Getsafe, Europe’s leading neo-insurer based in Germany with over 550,000 customers, has acquired deineStudienfinanzierung, Germany’s number 1 digital platform for student loans.

/retail

Qover enters £19bn UK motor insurance market

Qover – a leading insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to provide digital insurance programs across Europe.

/security

Allianz develops machine-learning ‘Incognito’ tool to identify fraud claims

With the exponential rise in sophisticated technologies, Allianz aims to stay one step ahead in combatting fraudulent insurance claims with AI technology.

/startups

AI-driven embedded insurance platform Mulberri seals $6.75 million Series A

Mulberri, an AI-driven embedded business insurance platform for small and medium enterprises, announced its $6.75 million Series A led by Eos Venture Partners, with participation from existing investors Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).

/regulation

Cytora integrates Vespia AML and KYB compliance

Cytora, the leading digital risk processing platform and Vespia, a provider of compliance data, is proud to announce Vespia’s AI powered risk analytics are now being used to enhance the underwriting process seamlessly within Cytora’s digital risk processing platform, providing commercial insurance underwriters with deeper insights into business risks associated with AML and sanctions.

/crypto

Ledger partners bolt to launch device protection crypto wallets

bolt, the insurtech with the country's largest technology-enabled P&C insurance exchange, today announced a partnership with Ledger, the leading global platform to secure crypto and critical digital assets, to launch a new device protection offering for Ledger’s line of cryptocurrency smart wallets in the United States.

/retail

InsurTech Igloo closes $36 million funding

Regional insurtech Igloo today announced that it has closed a US$36 million Pre-Series C funding round.

/retail

AuguStar Life signs for iPipeline tech

iPipeline announces a partnership which will help AuguStar Life to accelerate and strengthen its digital transformation with innovative solutions from iPipeline that are designed to improve the agent experience.

/wholesale

Pension Insurance Contribution selects Finbourne for data management

Pension Insurance Corporation (PIC), the specialist UK pension insurer, has chosen FINBOURNE Technology to provide investment data management capabilities, to help drive their data strategy.

/people

Insurtech WeFox appoints CTO

Wefox, the world’s leading insurtech, has appointed Paul Onnen as Chief Technology Officer, with immediate effect.

/payments

One Inc and JP Morgan team on insurance claims payments

One Inc, a leading digital payments network dedicated to serving the insurance sector, and J.P. Morgan Payments announced today they are working together – enabling insurance carriers to leverage J.P. Morgan’s comprehensive liquidity and payments capabilities as part of One Inc’s digital claim payouts platform, further digitizing and deepening the claims experience.

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