67% of Insurance Carriers See Need to Digitise Payments
Small businesses that have experienced property loss or damage rely on their insurance companies to give them the funds they need to get back on their feet and stay in operation.
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Small businesses that have experienced property loss or damage rely on their insurance companies to give them the funds they need to get back on their feet and stay in operation.
Insurtech company Urban Jungle today announces Alan Rennie, previously a Director at PwC, as new Chief Financial Officer (CFO).
Despite rising coverage demand brought about by the global pandemic, customers are being left rather unsatisfied with the convenience, advice and reach offered by their existing insurance providers, creating opportunities for new players and insurtech firms, according to Capgemini and Efma’s World Insurtech Report 2021.
Sureify, a leading digital insurance platform designed to modernize the life insurance and annuity industry, today announced a $15M Series C fundraise led by Aspen Capital Group with participation from existing investors.
Cover Genius, an Australian embedded insurance startup that works with the likes of Booking,com and eBay, has secured £54 million in a Series C funding round led by Sompo Holdings Asia.
Over the past two decades, the global re/insurance sector has experienced an increasing number of major natural catastrophes.
US insurer MetLife has introduced its mobile app Upwise, dedicated to building positive financial habits. Upwise is designed to connect consumers’ behaviors around common financial concerns or stressors–such as monthly budgeting, paying off debt or long-term savings—to their emotions.
Boston-based insurtech firm Corvus Insurance has announced the acquisition of Wingman Insurance, which provides a tech platform for cyber and tech E&O coverage across the US.
Insurance carriers can use Lob’s direct mail automation and Metromile STREAMLINE to automate claims and issue payments faster to improve customer satisfaction.
Acko is in talks to raise $200 million in a new round of funding that could value the online general insurance startup at $1 billion, according to people aware of the negotiations. A successful deal will propel the startup into a fast-expanding set of newly minted Indian unicorns this year.
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