Led by Travelers, the round had participation from State Farm Ventures, Nationwide, Guidewire Software and other investors.
Upgraded integration with Betterview will allow P&C underwriters to access and act on Betterview’s property data and aerial imagery directly in the latest versions of Guidewire PolicyCenter.
Foley has joined the altumAI executive leadership team with the task of building out the altumAI futureWork solution.
Initially focused on the manufacturing machinery and transport industries, the joint solution will help customers embrace AI and cutting-edge technologies while insuring them against related risks.
The AIR MPCI Model for China employs a 10,000-year stochastic catalog that contains losses reflecting the most recent assumptions regarding policy conditions.
While each of these factors are interconnected, evaluating a company on each of these separately can provide a useful framework to determine competitive readiness. It can also be a useful guide to help determine strategies for the future.
The storm brought catastrophic winds, storm surge of approximately 15 feet and widespread heavy rain along the Texas and Louisiana coast.
The effect of these changing roles on incumbents will depend on their willingness to adjust to the changes that are already occurring due to digital transformation.
The technology will be used to mitigate fall risks, emergency room visits and the long-term cost of insurance premiums.
The new offering is designed to predict future physical risk from flooding, extreme heat, high wind, drought, wildfire, hail, and earthquake for the entire planet.