Finance

Carriers worldwide opened up their checkbooks this year in efforts to support the transformation of insurance.

The New York-based startup had raised $60 million before Tuesday’s announcement.

While Silicon Valley aims for raw profits, carriers are looking for revolutionary solutions to improve their producs, say panelists at EY event.

The buys of Networked Insights and HomeGauge are part of the company's commitment to data science and AI, says busines development leader Peter Gunder.

Commercial insurer partners with insurtech SizeUp, helping entrepreneurs maximize profits.

Rather than looking to innovate on products, startups in life insurance concentrate on distribution as a way to improve the sector, say Accenture panelists.

American Family Insurance built a team from diverse backgrounds to develop digital initiatives.

The incubator launched in September by Startupbootcamp kicks off early next month in the traditional insurance capital.

New unit will invest in startups with expertise in mobility, connected health, data intelligence and cybersecurity.

The move has enabled the reinsurer to develop a new underwriting system, leading to faster product launches and enhanced data analytics.