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The leading insurtech player launched its dynamic insurance products earlier this year, leveraging AI and machine learning to ‘right-size’ protection, an industry first. The company has also recently expanded geographically to include the US and UK, and is on track to quadruple last year’s 33 million generated transactions by year’s end.
Today, the insurtech sector is still attracting investment, albeit pulled-back and with asterisks. In the second quarter of 2024, $1.2 billion in VC money was invested across 106 insurtech deals ...
There's no way around it -- healthcare is expensive in the United States. One would think it would be much cheaper with health insurance, and while that is true, the fact of the matter is you get ...
A subsequent third close in March 2023 added $15 million to the Series D total, bringing it to $109 million. In September 2023, Kin announced a $33 million Series D extension, with QED Investors leading the round. [5] In October 2023, the company partnered with designer and television host Ty Pennington, who joined Kin as a brand ambassador. [11]
Company Country Net premiums written (US$ Billion) 1 UnitedHealth Group United States: 226.2 2 Centene Corporation United States: 120.3 3 Elevance Health United States: 117.4 4 China Life Insurance China: 115.1 5 Ping An Insurance China: 114.7 6 Kaiser Permanente United States: 106.4 7 Axa France: 95.7 8 Allianz Germany: 88.9 9
Tractable was named one of the 100 leading AI companies in the world in 2020 and 2021 by CB Insights. [10] It won the Best Technology Award in the 2020 British Insurance Awards. [11] In June 2021, Tractable announced a venture round that valued the company at $1 billion. [12] Tractable was the UK's 100th billion-dollar tech company, or unicorn ...
Of all the opportunities in fintech, insurance technology might be the biggest. The $1-trillion insurance sector has remained stagnant for decades, but a few companies in Chicago are making ...
Sapiens International Corporation N.V. is a publicly traded company, [2] headquartered in Israel, that develops computer software for the insurance industry. [3] Sapiens' shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange. As of July 2022, the company has a market cap of $1.39 billion. [4] [5]
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