The Ticker
Launches two-way quoting solution for independent brokers and agents. Quote Hero empowers brokers and agents to quote faster, along with providing a single platform for centralized quote management and side-by-side quote comparisons.
Rolls out generative AI tool to support faster insurance claims processing in Discovery Navigator, a leading medical record review platform for property and casualty claims professionals. Discovery Navigator automates the extraction and organization of key treatment data and medical information into a succinct summary.
Raises $13.5 million in a Series A funding round for the MGU that provides insurance capacity and risk management software for the commercial construction industry. The insurtech platform also unveils Shepherd Compliance to automate venfor compliance reviews.
Promotes Matt Bonakdarpour to president and chief technology officer.
Expands its underwriting authority to serve large global companies with up to $10 billion in annual revenue. The move follows a strong year of growth for the cyber risk management provider, which says it has steadily increased the size of the clients it serves since launching in 2016.
Launches producer management and licensing automation bundle for small and midsize insurers and distributors. Enterprise Xchange supports growing firms seeking to scale their producer support functions.
Launches the QBE Possibilities Fund to foster early-stage climate solutions with the potential to significantly impact future climate resilience and stability. The fund provides philanthropic capital and builds partnerships through ImpactAssets, a donor-advised fund in the United States.
Appoints John Mason as chief executive officer of the London market’s electronic trading platform. Mason will assume the role in April, succeeding interim CEO Joe Gordon. Mason previously served as group head of platform for the London Stock Exchange.
Signs a $30 million strategic business collaboration agreement with Aon that includes releasing all of Porch’s claims against the brokerage arising from the Vesttoo collateral scandal. Porch, a home services and insurance software company, says the agreement includes about $25 million in upfront payments and about $5 million over the next four years.
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