The Ticker

Announces its selection for Lloyd’s Lab Accelerator Cohort 17. South Korea-based Willog uses real-time cargo condition data gathered by its AIoT shipment monitoring devices in the field for insurance risk assessment, loss prevention, pricing, and parametric insurance products.

Announces a new majority investment from midmarket investor Bridgepoint. London-based VIPR offers delegated authority technology with a platform that enables data to be transferred, standardized, validated, and reconciled in a controlled and auditable manner.

Releases its Verisk Fraud Discovery platform that combines prevention capabilities including fraud intelligence, advanced analytics, digital media forensics, and case management. With the system, users can identify concealed links between people, entities, policies, and claims; uncover fraud efforts; assess pictures and documentation for illicit changes and deepfakes; and convert data into usable intelligence.

Extends its embedded insurance partnership with online auto vendor Carvana. The partnership, dating to 2022, surpassed 200,000 policies sold in less than four years. The agreement extends the partnership through August 2028 or longer.

Activates digital underwriting system HALO to provide complex specialty insurance products to small and midsize organizations. The platform can accept broker submissions via email, API, or the HALO portal and then prepare the submitted information for underwriting. An automated system can provide coverage within minutes for eligible risks, while more complicated submissions are sent to underwriters.

Announces the $150 million Climate Technology Fund II venture capital fund to support early-stage companies that apply climate technology and AI to improve energy infrastructure, real estate, and natural resources, among other assets. MassMutual’s first climate technology fund, launched in 2023, has invested in 16 companies focused on clean power, energy systems, digital infrastructure, and climate adaptation.

 Announces that the embedded auto insurance platform is partnering with Hippo subsidiary Spinnaker Insurance to provide personal auto coverage across all 50 states over the next three years. In The Car’s platform integrates into dealer management systems to deliver bindable quotes to car buyers quickly.

 Is bringing The Water Institute’s predictive flood intelligence platform, FloodID, within ICEYE’s existing solutions. FloodID combines hydrological modeling and AI with Earth observation data to help forecast how flood events are likely to evolve from start to finish.

Will expand its homeowners insurance program to 14 additional states via national distribution partners, bringing the total to 22 by the end of the year.

Raises $50 million in a Series C round, raising overall funding for the AI-powered travel insurance platform to $100 million. The money will support geographic growth; grow partnerships with online travel agencies, airlines, cruise lines, and other travel brands; and strengthen its AI capabilities.