The InsurTech phenomenon has entered a ‘second wave,’ wherein investment in new startups has plummeted, but funding remains robust for more established innovators.
The increase in face amount from $2 million to $3 million is a strategic move to better serve customers who go to Haven Life to secure affordable coverage from MassMutual.
The cloud deployment solution in the cloud will give WILMIC greater access to its core processing data, as well as cost savings and data security.
Through enhanced AI, Julieta bot can now interact with customers through spoken language to issue a policy in less than a minute and support the entire customer journey.
The new approach is directed towards creating speed to value, engaging with industry expertise and emerging a cloud technology leader, according to the vendor.
The company will offer its partner agencies access to the Indio platform at discounted pricing, as well as a variety of educational content from Indio.
Mutual of Enumclaw expects to help policyholders better mitigate the cost and inconvenience of water leak-related claims as well as strengthening engagement with members.
The funds of the extended round will be used to execute on the higher than planned global demand for Slice Insurance Cloud Services (ICS).
The new SagicorNow portal leverages automated underwriting and policy delivery to simplify and accelerate the selling of term life products.
The insurer chose the solution to enable market disruption through rapid deployment and configurability, influenced by a successful deployment at another Church Mutual subsidiary.