The Ticker

Reports that Wisconsin has authorized use of its Z-WATER non-weather water risk model for underwriting and rating. The model analyzes water risk at the property level by applying computer vision for aerial imagery, tax assessor information, permit records, climate science, and other resources.

Expands Series B funding to $41 million with another $16 million raised. QBE Ventures headed the funding round for the claims technology TPA, with Bain Capital Ventures and Flourish Ventures among the participants.

Intends to purchase as much as $120 million in cryptocurrencies as part of its strategic expansion into digital assets and is considering opportunities in blockchain-enabled insurance-linked assets.

Launches new cloud-native solution to help smaller and startup MGAs accelerate policy rollouts.

Raises $32 million in Series A funding for the AI-driven dental insurance administration platform. The round, headed by Brewer Lane, brings LightSpun’s total funding to $18 million.

Announces that MetLife has acquired a 20% equity stake in the Argentina-based digital infrastructure insurtech. Klimber enables banking, retail, fintech, and e-commerce firms to embed and distribute insurance products at scale, currently amounting to about $300 million in managed premiums.

Providing a new earthquake with fire following detection capability, initially for California.

Adds AI-driven Triage to its pricing and underwriting platform, allowing for more rapid commercial P&C carrier responses to broker submissions and prioritization of risks. Simultaneously announces three leadership updates: Darren Govender as lead pricing actuary for North America, Patrick Quintos as global partnership director, and David Spitz as chief strategy and marketing officer.

Raises $6 million in a seed round for the AI-native TPA for commercial insurance.

Secures additional investment from Jerusalem Venture Partners through a $290 million financing vehicle in conjunction with alternative asset manager TPG, Reuters reports. Many of the largest insurance companies globally have adopted the Earnix AI-based platform for decision-making in pricing, underwriting, and product personalization.