Insurtech
Lemonade Launches Commercial Auto Insurance Product Using Advanced Telematics and AI
Insurtech Pioneer Enters Fleet Insurance Market Lemonade, the AI-powered insurance company, has launched a commercial auto insurance product that uses…
Insurtech
Insurtech
Embedded Insurance Surges as Digital Platforms Become Distribution Channels
Embedded insurance, the integration of insurance products directly into non-insurance digital platforms, is projected to reach $722 billion in gross written premium by 2030 according to a new report from InsTech. The model represents the most significant distribution innovation in…
Insurtech
Parametric Insurance Platform Descartes Underwriting Raises $120 Million for Climate Risk Products
Data-Driven Insurer Expands Coverage for Climate-Related Business Disruptions Descartes Underwriting, a parametric insurance platform specializing in climate and natural disaster…
Insurtech
InsurTech-Carrier Partnerships Replace Disruption Narrative With Collaboration
From Displacement to Distribution Partnership The early insurtech narrative of disrupting and displacing traditional insurance carriers has given way to…
Insurtech
Microinsurance Platforms Address Coverage Gap for Gig Economy Workers
Flexible Coverage for a Flexible Workforce The rapid expansion of the gig economy has exposed a significant insurance coverage gap…
Insurtech
Drone-Based Property Assessment Transforms Insurance Underwriting and Claims
Aerial Intelligence for Risk Evaluation Insurance carriers are deploying drone technology at scale to transform property assessment for both underwriting…
Insurtech
AI Claims Processing Automation Cuts Settlement Times From Weeks to Hours
Straight-Through Processing Becomes Reality Artificial intelligence is enabling insurance carriers to achieve straight-through claims processing, where routine claims are filed,…
Insurtech
Blockchain-Based Reinsurance Platforms Streamline Treaty Management
Distributed Ledger Technology Enters Reinsurance The reinsurance industry, long characterized by manual processes, bilateral negotiations, and reconciliation delays, is adopting…
Insurtech
Wearable Health Data Reshapes Life and Health Insurance Pricing Models
From Annual Physicals to Continuous Health Monitoring Life and health insurers are increasingly incorporating wearable device data into their underwriting…