Led by Forte Ventures and Sandbox Insurtech Ventures, the round includes participation from the vendor’s existing investor, MassMutual Ventures.
The no-code, end-to-end enterprise software vendor will use the funds to drive expansion into new geographic and vertical markets and grow its engineering team.
This partnership is part of Sapiens’ strategy to help its customers better mitigate risk and reduce fraud, improve the customer journey for low-risk policies and claims, and make innovative InsurTech solutions easily available to its customers.
BuildFax data will enhance Verisk’s solutions, providing insurers with internal and external views of property risks and changes to buildings over time.
ALLFINANZ will help the company deliver auto-underwriting capabilities, create cost and process efficiencies in its Swedish insurance business, and improve its customers’ experience when applying for life insurance.
U.S. trade credit will be the first insurance line to be bound on the new risk exchange platform.
Platform aims to provide insurance carriers and brokers an efficient and dynamic data-driven approach to write cyber insurance.
The partnership enables Slice to offer on-demand cyber insurance for the underserved market SMBs, underwritten by AXA XL subsidiary Indian Harbor Insurance Company.
The new ransomware event modeling capability in Cyence for Cyber Risk Management aims at helping insurers accurately underwrite in an evolving cyber landscape.
Insurers are navigating a changing risk market must be prudent in assessing the data sources they rely on and identify the right tools to enhance their analytics capabilities.