The cloud-based FINEOS Platform will enable the company to streamline and automate quoting, rating, and underwriting processes.
Distribution
Majesco Adds New Capabilities in Distribution Management Platform
New generally available release includes features that provide major quality of distributor performance improvements for carriers looking to optimize and expand distribution channels.
London Underwriters Launches New InsurTech Bunch Insurance on INSTANDA Platform
The traditional wholesale brokerage harnessed INSTANDA cloud-native platform to launch brand-new commercial insurance program.
Next Insurance Raises $250M in Series E Financing Round
With the new round, led by FinTLV Ventures and Battery Ventures, Next has doubled its valuation in four months to $4 billion.
Guardian Life Partners with Atidot on New Insurance Models, CX
The collaboration is focused on creating a platform that deploys AI and machine learning to make insurance products and services easier for consumers to understand and buy.
Pie Insurance Completes $118 Million in Series C Funding
Led by Allianz X and Acrew Capital, the round will enable further innovation, new business offerings, and rapid expansion.
Acrisure Secures $3.4 Billion in Capital Raise
BDT Capital Partners led a $3 billion investment in Senior Preferred Stock, and a consortium invested $454 million of new capital in Junior Preferred Stock.
New York Life Accelerates Underwriting Through Collaboration with Cerner
The collaboration supports New York Life’s safely and securely accessing hospitals’ EHRs in near-real time with patient consent.
Thimble Names Richard Stamets SVP of Business Development
Stamets is tasked with scaling Thimble’s technology-driven flexible insurance proposition, working with insurance brokers, agents and wholesalers to better serve their small business customers.
Ensurem Acquired by Private Investment Firm 777 Partners
The acquisition provides capital to fulfill the vendor’s vision of providing a simplified Medicare shopping experience, online or over the phone.