Insurtech

Embedded insurance provides a seamless integration of coverage, but legacy systems can make adoption harder for some carriers.

There were about 58 funding events in the insurtech sector in September, according to a review by Digital Insurance.

The three largest unicorns had an average valuation of more than $9 billion, according to CB Insights.

AI-based customer service technology company provides insurers with more sophisticated assessment of claimants needs and how to serve them.

As carriers get more experience with implementing new AI technology, they are becoming proactive about meeting regulation and ethics standards before outside forces impose them.

In this compilation of top matters affecting the insurance landscape, Nationwide and other insurance agencies further explore artificial intelligence, and experts offer tips on preparing for hurricane season and more.

Startup launched in 2023 with Loss Scan, an AI-based product that organizes and presents loss run data, helping agents and carriers identify insureds with risks they can cover.

Travelers annual survey of 1,200 business executives found that 62% were most concerned by cybersecurity risks, and more businesses are getting cyber insurance coverage.

Rapidly changing technology and evolving customer expectations highlight the need for insurer and insurtech partnerships.

Insurers are adding artificial intelligence to streamline processes including claims and underwriting, while also combating fraud.

USAA, MMG Insurance and Munich Re executives spoke about these insurers' efforts to model risk and use data proactively to serve policyholders and prevent bias.

The use of telematics allows auto insurers to tailor policies and pricing to customers based on their driving habits.

Embedded insurance enables insurers to engage with evolving markets and capture unique risk profiles.

Creating and validating an accurate database involves data verification, data cleansing and quality checks.

The top three largest deals had an average round amount of $117 million.

Equisoft's Brian Carey shares the impact of technology on underwriting and the customer experience in the life insurance space.

Melanie Kolp, senior vice president and chief technology officer of Technology Enterprise Solutions at Nationwide, leads the insurer's efforts to get the most out of Gen AI capabilities while ensuring regulatory compliance and data security.

Claims processing failings are the biggest reason for insurance policyholders wanting to switch carriers, a survey by insurance.io finds.

There were about 35 funding events in the insurtech sector in August, according to a review by Digital Insurance.

Recognized as one of the leading global insurtechs of 2024, KYND helps demystify complex cyber risk analysis.