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Beyond Human: AI’s Impact on Insurance Underwriting Hey there! If you’ve been keeping an ear to the ground in the insurance world, you’ll know things are changing in a big way. We’re no longer stuck in the old-school realm of dusty actuarial tables and endless paperwork. Nope! The future is here, and it’s powered by data and artificial intelligence. Imagine this: your next underwriting buddy might just be an AI agent, zipping through tasks with superhuman speed, accuracy, and efficiency. AI Agents: The New Underwriting Powerhouse So, what’s the deal with AI agents and why are they turning the underwriting…

AgentSync Raises $25M to Accelerate Growth of Comprehensive Producer Management Platform for Insurance Industry Valuation grows by 10x as carriers, agencies, and MGAs turn to AgentSync for broker onboarding, licensing, and compliance. AgentSync, the company modernizing the tools and infrastructure powering the insurance industry, today announced a $25 million Series A. AgentSync will use the funds to accelerate product development as the company builds the industry’s most trusted and comprehensive producer management solution. The round was co-led by Elad Gil and David Sacks’ Craft Ventures, with participation from Marc Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures. This brings…

Exclusive interview with David King, Chief Commercial Officer – Artificial Labs, a London-based insurtech that definitely caught our attention.   Welcome David and thank you for joining. David has worked across insurance, media and tech companies. He understands what decision makers are looking for and what needs to be delivered as part of a market-leading solution. Watch the video interview and learn more: What’s the problem Artificial is solving? – Which business units are raising their hands and requesting P-O-Cs? How do you make sure the platform is applicable to every insurer and each line of business within — and is…

Leading insurtech disruptor Hippo to Go Public in a $5bn deal Hippo Enterprises Inc. (“Hippo”), the home insurance group that created a new standard of care and protection for homeowners, has entered into a definitive business agreement with Reinvent Technology Partners Z (“Reinvent”) (NYSE:RTPZ), a special purpose acquisition company (“SPAC”) that takes a “venture capital at scale” approach. Upon the closing of the transaction, the combined company will be publicly traded. Hippo: A Protective, Modern Approach to Home Insurance Founded in 2015, Hippo’s goal is to make homes safer and better protected by taking a proactive approach designed to prevent…

Assaf Wand, co-founder and CEO of Hippo Insurance companies have long avoided disruption, but fintech players are coming on strong – and investors are taking notice. A conversation with Assaf Wand, co-founder and CEO of Hippo. The CEO of fast-growing Hippo Insurance Services wants to change how Americans buy homeowners insurance, figuring it takes as much time and energy to tackle a big problem as it does a small one, so he might as well go big. About Hippo Since 2005, Hippo Insurance has leveraged and married modern insurance practices with modern technology, offering smarter products to meet modern demands.…

The full report is available through the PitchBook Platform. This emerging tech research report includes a comprehensive segmentation of insurtech, along with market maps, business model descriptions, industry drivers, KPIs, notable VC deals and exits, key investors, and incumbents. We also provide proprietary analysis of opportunities and risks, in addition to our own outlook of each segment. Coverage includes property & casualty, health & life, commercial, distribution & intermediation, underwriting, and administration & claims. Click here to download

From dematerialization to personalization and experience and beyond, here are the top 10 digital trends for insurance. The insurance sector is one of the most important and diverse productive sectors of the world economic system. It’s a strategic sector, one that has many points of contact with the public and with individual health, a side that, as is evident, has jumped to the center of public debate, especially given the difficulties facing many parts of the world in the wake of the pandemic. But that’s not all. We are talking about a sector that has seen its processes and dynamics…

Insurers could distribute coverage through technology firms that adopt the managing general agent model, a Montreal expert for a venture capital fund observes. “Some technology startups are adopting the MGA model to partner with a carrier or reinsurer to distribute their product,” said Laviva Mazhar, investment associate at Luge Capital. “Some tech-driven MGAs are partnering with brokers to give those brokers access to faster policy distribution. We are seeing that in life and health. I could see that on the property and casualty side as well, with products that might not be easy to underwrite or deploy fast enough in an…

AmTrust leverages the Bold Penguin Terminal to strengthen digital binding capabilities for agents COLUMBUS, Ohio, Jan. 11, 2021 /PRNewswire/ — Bold Penguin, a rapidly growing insurance technology provider, announces today an expansion of its partnership with top small business insurance provider AmTrust. AmTrust joins a growing list of carriers on the platform that offer an embedded, fully digital quoting experience in workers’ compensation coverage for small businesses. AmTrust, a leader in digital innovation, who joined forces with Bold Penguin in Q2 2020, has expanded its in-app binding capabilities on the Bold Penguin Terminal. The company will leverage Bold Penguin’s newly…

Experts are predicting carriers’ struggles to innovate, and keep up with other carriers, will change the trajectory of dealmaking and valuations. For most leading carriers, the push to leverage efficiencies offered by new technologies has become increasingly urgent, as have the variety and efficacy of those new technologies. Rapid innovation has been hard to achieve, however, and the pace of digital transformation has been slow and reactive. As executives have embarked on the journey, they have found a number of challenges that they first have to surmount in order to make meaningful progress. Whether it’s a skills gap affecting their…