The partnership lets insurers gather extensive insights from internal or external data sources, enrich rate-making processes, and gain access to advanced actuarial expertise.
Sapiens’ solutions enable AFR to migrate all lines of business to a single digital platform and automate manual reinsurance.
Graves, who will join Metromile’s board, joins Chamath Palihapitiya’s Social Capital, Mark Cuban and leading institutional investors as investors in the company.
Investors will become even more pragmatic and disciplined, narrowing their focus to more mature InsurTechs displaying measurable traction and whose products and services are higher on the insurance industry’s adoption curve.
The joint strategy aims at providing digitalization and intelligent automation solutions to enable financial institutions to reach higher levels of efficiency and customer experience.
Reporting to Hiscox USA CEO Steve Langan, Spunberg will be responsible for identifying, scoping and delivering significant US business transformation projects.
ClarionDoor’s platform has enabled Flow to create the FlowRater private residential and a commercial flood comparative rater and establish connections with distribution channels quickly to better serve agency partners.
SUNZ expects the investment to propel the company to a new level by enabling it to pursue new market opportunities and expand its national footprint.
Project Fusion aims to bring the AssuredPartners’ operations onto a single platform to provide a fully integrated, enterprise-wide solution.
Led by Travelers, the round had participation from State Farm Ventures, Nationwide, Guidewire Software and other investors.