insurance industry - FinTecBuzz

Majesco secures Coveted Spot on InsurTech100 List

September 22, 20233 min

Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced that it was selected by specialist research firm, FinTech Global, as a top 100 InsurTech company transforming the insurance industry. In its sixth year, FinTech Global unveils the InsurTech100 list that celebrates groundbreaking tech companies that are developing solutions to the insurance industry’s most pressing challenges. Insurance companies continue to grapple with transforming, optimizing and innovating the business model, business processes,...

by PRNewswire

Insurance

InnSure announced the launch of InnSure Corps

September 19, 20233 min

InnSure Corps program to connect next generation of leaders to new ideas in order to solve climate change-related challenges

by BusinessWire

Insurance

Majesco named in IDC’s 2023 FinTech Rankings, earns Top 100 Spot

September 15, 20233 min

Recognized as Top 100 Emerging FinTech

by Globe Newswire

Insurance

Duck Creek Technologies announces New Chief Financial Officer

September 12, 20234 min

Company appoints Teresa M. Kim, experienced technology finance executive, to oversee finance and accounting functions

by BusinessWire

Insurance

CLARA Analytics raises $24M in Series C Funding

September 8, 20234 min

CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimization, announced its $24 million Series C funding, bringing its total funding to $60 million. This round was led by new investor Spring Lake Equity Partners, with participation from existing investors including Aspen Capital Group, Oak HC/FT and QBE Ventures. “Insurers are facing increased pressure to manage losses and expenses, and they have awakened to the value that AI can generate in...

by PRNewswire

Insurance

Evident announces Evie

September 8, 20235 min

– Evie responds in real-time and provides recommended content to both risk managers and all of their business relationships uploading required compliance documentation– Evie analyzes thousands of insurance requirements to help configure your Coverage Criteria Group workflows and provide immediate analysis and results – Evie identifies common non-compliance issues throughout your Coverage Criteria Group requirements helping increase your compliance rate Evident, the global leader in business credentialing, is thrilled to welcome the world’s only generative AI solution for Risk...

by BusinessWire

Insurance

Sally Jewell named Chair of Symetra Financial Corporation BOD

September 7, 20235 min

Symetra Financial Corporation (“Symetra”), a wholly owned subsidiary of Sumitomo Life Insurance Company (“Sumitomo”), announced the designation of Sally Jewell as chair of its board of directors, effective Aug. 24, 2023. Ms. Jewell, former U.S. Secretary of the Interior under President Barack Obama and former CEO of REI, joined Symetra’s board in March 2018. She succeeds Thomas Marra, who recently resigned after serving as chair since 2017. “We are extremely pleased to have a leader...

by BusinessWire

Insurance

Majesco and Microsoft announced a strategic alliance

September 6, 20234 min

Majesco, a global leader in cloud insurance software solutions, and Microsoft have announced a strategic alliance aimed at driving long-term digital transformation for insurers. By leveraging Microsoft Cloud and Analytics capabilities, the partnership empowers customers with a scalable and secure intelligent cloud environment. With a shared vision of empowering individuals and organizations to achieve more, the enhanced collaboration promises innovative and transformative solutions, ensuring sustained growth and agility in the ever-evolving insurance industry. Majesco is...

by Globe Newswire

Insurance

InsurTech Market Projected to Reach $49.78 Billion by 2027

September 4, 20239 min

The “InsurTech (Insurance Technology) Global Market Report 2023″ report has been added to ResearchAndMarkets.com’s offering. The global InsurTech (insurance technology) market is poised for substantial growth, projected to increase from $10.53 billion in 2022 to $14.37 billion in 2023 at a compound annual growth rate (CAGR) of 36.52%. Furthermore, the market is expected to reach $49.78 billion by 2027, with a CAGR of 36.42%. What is InsurTech? InsurTech, or insurance technology, refers to the integration of technological advancements to...

by Globe Newswire

Insurance

Verisk modernizes system to combat insurance fraud in Israel

August 31, 20234 min

Digitization of insurance has led to rising consumer expectations for a simpler and faster claims experience

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