Category: insurance
What happens when Wall Street falls out of love with your sector?
It’s been an awful week for public neoinsurance companies. A subsector of the larger insurtech world, neoinsurance providers tackled a number of insurance categories using a blend of modern app design and machine learning in hopes of creating more user-friendly and profitable insurance products. The idea proved attractive to venture…
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An insurtech startup exposed thousands of sensitive insurance applications
A security lapse at insurance technology startup BackNine exposed hundreds of thousands of insurance applications after one of its cloud servers was left unprotected on the internet. BackNine might be a company you’re not familiar with, but it might have processed your personal information if you applied for insurance in…
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YuLife nabs $70M at a $346M valuation for its gamified, wellness-oriented approach to life insurance
Life insurance — financial protection you buy against your death — may not read like the liveliest of industries on paper. But a life insurance startup that believes it can turn that stigma around, by infusing the concept with gamification and a push towards wellness and health — and change…
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Healthcare data sharing: How to improve patient care in the future
Paul Johnson Contributor Paul Johnson is the CEO and co-founder of Redirect Health, a company that makes healthcare work end to end using technology and a passion for care. More posts by this contributor Moore’s Law And The 30-Year Rule Far too often, we see medical mixups and even deaths…
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Tractable raises $60M at a $1B valuation to make damage appraisals using AI
As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. Tractable, which works with automotive insurance companies to let users take and submit photos of damaged…
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Extra Crunch roundup: EU insurtech, 30 years of ‘Crossing the Chasm,’ embedded finance’s endgame
This morning, Anna Heim and Alex Wilhelm dug into the EU insurtech market, interviewing European VCs and collating the biggest recent rounds to take the temperature of the waters across the pond: Alex Timm, CEO, Root Dan Preston, CEO, MetroMile Luca Bocchio, partner, Accel Florian Graillot, investor, Astorya.vc Stephen Brittain,…
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