Faye Reaches New Heights with $31M in Series B Funding
July 30, 20246 min
The award-winning travel platform marries travel insurance, assistance and financial solutions to holistically care for travelers on the road
Company continues its mission to near-term operating profitability; New capital to fuel growth with new products, new geographies, and resilience services
MyChoice, a Toronto-based Insurtech company, has released an insurance assistant that allows users in the US and Canada to receive real-time life insurance quotes while interacting with an insurance AI assistant through their website. Watch the company’s demo video to see how the bot works. This seamless insurance shopping experience is also available through the GPT store in the US and Canada. In 2023, MyChoice was part of the Google for Startups Accelerator, enhancing the company’s AI capabilities with access to top talent and cutting-edge technologies. The...
Strategic hires will support Cornerstone's continued growth and innovation
QBE Insurance Launches Global Cyber Coverage with QCyberProtect
July 19, 20244 min
Backed by almost 140 years of insurance experience, QBE is focused on improving cyber resilience for clients with a singular, consistent cyber insurance offering across the globe
Cyber coverage proves pivotal — nearly half of real estate professionals have experienced a cyber attack, 82% received a phishing call or email
Allianz Life Accumulator™ offers new index choices and innovative “lock” features
ACC Moving to Cloud on the FINEOS Platform
July 16, 20243 min
FINEOS Corporation, the global leader of group and individual core software for life, accident and health insurance, announced that the Accident Compensation Corporation (ACC) will upgrade its on-premise implementation of FINEOS Claims and Payments to the FINEOS Platform. This will strengthen and future proof ACC’s support for citizens of New Zealand impacted by personal injury. The Accident Compensation Corporation (ACC) is the crown entity set up under the Accident Compensation Act 2001, (the AC Act)...
New Platforms Let Asia Pacific Insurers Tap Into Growth
July 15, 20246 min
Companies adopt modern core systems for agility, faster product rollouts, better decision-making, ISG Provider Lens™ report says
Oka, The Carbon Insurance Company™ (Oka), and Socotra, the leading modern policy administration system, have unveiled a strategic partnership aimed at carbon markets and scaling climate solutions. The collaboration harnesses Oka’s agile team and advanced AI capabilities, alongside Socotra’s innovative technology, to de-risk carbon credits. Through the partnership, Oka has launched two first-of-their-kind insurance solutions, designed to meet urgent and unmet market demand, in the span of 12 months. Corresponding Adjustment Protect™, the world’s first insurance...