ACD Launches AI & Machine Learning Division Carlsbad based AutoClaims Direct, (ACD), a leading auto claims technology provider to the property and casualty industry today announced the launch of acdcorp.ai, a labs division within the company focused on rapid development and deployment of machine learning & computer vision for the auto claims industry.
New tech & big data: are they good for insurance? New technology and data sets are profoundly affecting the insurance industry, by allowing insurers to better assess the risks they are exposed to and interact with their consumers in new ways. They are also drawing new entrants into the market, with ‘Insurtech’ startups entering the field, as well as established technology companies.
Product innovation extending the reach of commercial insurance: Swiss Re sigma study Product development and innovation around data and data analytics has expanded the scope of insurance solutions to a wider range of threats and perils, and made risk transfer more efficient, Swiss Re said in its latest sigma study.
InsurTech Startup Root Insurance Expanding its Revolutionary Platform Across the United States Root Insurance, the nation’s first car insurance company powered entirely by mobile, has expanded its services to drivers in Illinois, Utah, Oklahoma and Indiana. In contrast to rising car insurance costs nationwide, drivers in these four states can now save up to 52 percent by using Root’s data-driven approach.
SecurityScorecard Secures $27.5 Million in Series C Round Led by NGP SecurityScorecard, the leader in security ratings, announced today it has raised $27.5 million in Series C funding. The financing round was led by Nokia Growth Partners (NGP) with participation from Moody's Corporation, AXA Strategic Ventures, and Intel Capital. Existing investors Sequoia Capital, Google Ventures (GV), Boldstart Ventures, Two Sigma Ventures
Gen Re names TrackActive as Collaboration Partner TrackActive, a digital health provider, has entered into a collaboration with reinsurer Gen Re to deliver innovation solutions to their life and health clients in the global insurance market. The announcement is a significant milestone for TrackActive, who recently completed the Startupbootcamp Insurtech London accelerator program.
INSHUR Announces Strategic Partnership to Further Grow its Business in the $1B Rideshare Insurance Market INSHUR (www.inshur.com) today announced a strategic partnership with Munich Re’s Digital Partners to design and distribute innovative commercial auto insurance products through INSHUR’s mobile technology platform.
Octo Telematics to Acquire UBI Assets of Willis Towers Watson and Will Partner with them on Insurance-Related Products Octo Telematics (Octo), the number one global provider of telematics for the auto insurance industry, has today announced that it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson, including its market-leading DriveAbility® solution and the DriveAbility Marketplace.