Led by Allianz X and Acrew Capital, the round will enable further innovation, new business offerings, and rapid expansion.
The new funds will be used to accelerate growth and add new functionality to the company’s claims management platform, as well as to make key hires across engineering and sales teams.
The insurer will be able to take a firmer stance against insurance fraud while providing more efficient underwriting and claims services for the insurer and its policyholders.
The insurer opens up new books of business fully integrated into a broker platform with modern, low-code tools from Duck Creek Technologies and implementation by Xceedance.
The new Guidewire Marketplace introduces key enhancements allowing P&C insurers to easily browse and discover expertly curated app collections and innovative solutions.
The enhancements aim to bring increased speed, efficiency, and processing power to Hippo’s customer claims services as Hippo expands to its 33rd state, Michigan, and scales its home insurance product.
Z-FIRE’s AI model has been trained on more than 1200 wildfire events across several decades and accounts for the individual property-level factors that contribute to wildfire risk.
In some respects AI remains more buzzword than reality, especially within insurance IT organizations, but it has begun to have a real impact on the P&C insurance value chain.
The InsurTech’s modern core system works in parallel with Cigna Taiwan’s existing systems and enables configuration of new products quickly and reduction of operating costs through automation.
The agreement enables Arturo to expand its collection of aerial imagery through the addition of Urban Sky’s high-frequency, high-precision stratospheric photos.