The Ticker

Names former Google product leader Daniel Herrington as chief AI officer of the digital consumer insurance platform.

Announces a data-sharing collaboration with S&P Global Energy. Verisk climate catastrophe risk data will now be incorporated into the S&P Global Sustainable1 physical climate risk platform. Verisk event simulations are also being added to the S&P platform’s climate-adjusted inland flood data for modeling climate events through 2050. >> Hires Steven Kauderer as president of its Claims Solutions operation. Kauderer previously served in senior partner roles for both EY-Parthenon and McKinsey, with insurance experience at Bain and Oliver Wyman.

 Raises $30 million in a Series B funding round for the AI underwriting technology company.

Acquires cryptography specialist Enquantum, which is developing quantum computingresilient encryption technology. The acquisition comes amid concerns that quantum computing advances may make existing encryption technology vulnerable.

Integrating Claimtouch Analytics’ AI-focused property claims technology with Openly’s claims management system to reduce personal claims settlement times via automation of pricing and valuation.

Raises $45 million in Series B financing for the AI-driven startup to help fund market and product expansion for its modular platform that enables digital customer engagement, automated underwriting, and claims decisioning.

Launches an AI solution to automate repetitive administrative tasks across submissions, underwriting, and claims for insurers and MGAs. Covered tasks include data extraction, responding to phone calls and emails, and submission prioritization.

Launches software designed to eliminate not-in-good-order applications.

Announces it has acquired insurance policy data collection platform InsurGrid, which serves more than 2,500 property and casualty insurance agents. Helium is a holding company that specializes in acquiring software businesses.

Promotes Chief Growth Officer Chris Methven to CEO of the cyber risk modeling and analytics firm. Methven, who has worked at CyberCube since April 2020, takes over for Pascal Millaire, who becomes a senior advisor for the business.