Raises $10 million in a Series B round for the agency management system designed for Salesforce. Veruna, whose platform uses predictive analytics and no-code configurability, says the funds will accelerate product development.
Launches AI-powered solutions to automate the intake process for group benefits sales quoting and requests for proposals. Ushur, which specializes in customer experience automation, says the new solutions reduce turnaround times and support high-volume processing.
Acquires renewal rights for 86,000 Florida homeowners insurance customers previously served by Farmers Insurance. Farmers agents in Florida will be offered an appointment with Slide, which earlier this year also acquired renewal rights to more than 91,000 policies from UPC Insurance.
Agrees to acquire underwriting technology firm CyberBoxer, which specializes in catastrophe modeling, data science, underwriting and artificial intelligence. >> Receives $1 million investment from the ClimateTech fund of Connecticut Innovations, the state’s strategic venture capital arm.
This digitally enabled underwriting company has launched a business owners policy tailored to the restaurant industry, with billing on a pay-as-you-go basis available. Rainbow’s digital insurance products are available to independent agents and brokers through direct appointments or via participating partners.
Announces its agency partner channel has grown by nearly 30% over the past year to more than 4,000 agency partners.
Lloyd’s has granted in-principle approval for the carbon insurance company to launch a syndicate in a box with Asta, a leading third-party managing agent. Oka syndicate 1922 will introduce insurance specifically designed to protect against buyer-side carbon credit risk, including financial, regulatory and climate risks, in a move to support the voluntary carbon market.
Raises $57 million in Series B financing to expand its internet-of-things-based commercial insurance platform and AI-powered safety program for trucking fleets. Nirvana, which offers usage-based coverage, helps commercial fleets use IoT and sensor data to improve safety and reduce insurance costs.
Expands digital follow capacity for the fully digital and algorithmically driven Lloyd’s syndicate in multiyear partnerships with Travelers and Aspen. The additional capacity will be available across Ki’s open-market classes of businesses beginning Jan. 1.
Raises $12 million in a Series A funding round for the digital payments network, which expedites the disbursement of funds associated with property restoration. The financing will allow Iink to work with mortgage servicing banks and insurance carriers to create a digital workflow to expedite restoration work.
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