Tag: insurance
As national COVID-19 cases top 1000, insurers waive treatment fees and U.S. preps stimulus
The number of COVID-19 cases in the U.S. crossed 1,000 on Tuesday as President Donald Trump met with the nation’s largest insurers and members of his cabinet to discuss how to pay for treatment and lessen the financial blow of the disease’s spread. With the nation’s healthcare apparatus beginning to…
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Insurance AI startup Synthesized raises $2.8M from IQ Capital and Mundi Ventures
The insurance industry depends on data to support a number of functions the average person in the street is usually completely unaware of such as “informed risk selection”, underwriting and claims management. Like many industries, it would like to automate much of this but it’s just not that simple. Synthesized…
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Could lessons from the challenger bank revolution kick-start innovation on the climate crisis?
Now that the world is swimming in data we may be able to address the climate and environmental risks to the planet. But while there is plenty of capital to invest in things like ClimateTech, a lot of the data that’s needed to tackle this big issue is badly applied,…
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Tractable claims $25M to sell damage-assessing AIs to more insurance giants
London-based insurtech AI startup Tractable, which is applying artificial intelligence to speed up accident and disaster recovery by using computer vision to perform visual damage appraisal instead of getting humans to do the job, has closed a $25 million Series C, led by Canadian investment fund Georgian Partners. Existing investors…
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Innovaccer wants to be the service that unifies all healthcare data
The holy grail for technology companies working in the healthcare industry is becoming the gateway for all healthcare data. Big legacy providers like Epic and Cerner are trying to reach out to hospital networks to hoover up all of their data. Google is interested in it. Salesforce is interested in…
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Why VCs are dumping money into insurance marketplaces
Following our look at why so many startups are building OKR-focused software and why venture capitalists are pouring capital into their efforts, today we’re asking a similar question about insurance marketplace startups. This month, Insurify raised a $23 million Series A that TechCrunch covered here. And even more recently, Gabi,…
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