Expands its API capabilities, including Lead Insights API, which offers a database for lead generation; Personal Lines Quoting API, which brings quoting with carrier-direct pricing into an organization’s existing platform; and Group Benefits Quoting API, which enables brokers to quote medical and ancillary lines of coverage more efficiently. zywave.com
This damage assessment and claims automation company has raised $65 million in Series E funding in a round led by SoftBank Vision Fund 2. Tractable’s AI technology enables real-time condition assessment and repair estimates based on smartphone images for the automotive and property sectors. tractable.ai
Raises $100 million in equity financing to accelerate the global expansion of its cyber risk platform. The Series D round was led by Intact Ventures. San Francisco-based cyber MGA Resilience has raised over $225 million in prior funding. cyberresilience.com
Deploys first major upgrade to its Next Gen platform, launched in March, featuring enhancements to almost all areas of the platform, including quote negotiations for brokers and quote status for contracts. placingplatformlimited.com
Expands leadership team, naming Carla Woodard vice president of claims; Kris Bagchi vice president of reinsurance, also in charge of key broker relationships; Jaime Gilliam-Swartz vice president of customer service and operations; and Arash Sadati vice president of data science. pieinsurance.com
Debuts its AI-based platform for transcribing and managing depositions and announces $11 million in Series A funding.
Parrot leverages large-language models trained on legal and insurance vocabulary to deliver accurate transcripts immediately following a deposition. parrot.us
Receives funding from Arch Capital Group to launch a suite of medical malpractice products, expand distribution networks, and introduce a new portal to enable brokers to submit and bind medical malpractice coverage online for physicians. >> Announces MGA partnership with Arch Insurance North America. nowinsurance.com
Launches commercial umbrella/excess liability coverage in 41 states and expands liquor liability coverage in seven additional states. Customers will be able to add the optional coverage to a general liability policy after purchase. nextinsurance.com
This Barcelona-based climate-tech company focused on preventing natural hazards from becoming disasters has raised €13 million ($14 million) in a Series A round that includes investors Kibo Ventures, Microsoft Climate Innovation Fund, and Nationwide Ventures. mitigasolutions.com
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