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The “United Kingdom Insurtech Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering. The UK insurance industry is fundamentally changing. The UK general insurance market continues to be fiercely competitive but is troubled by sustained low profitability fueled by the predominance of online distribution channels. Insurers recognize that the everyday lives of their customers are being transformed by new technologies. They also recognize that this transformation is affecting their own...

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Guaranteed Rate Insurance, an independent brokerage that offers personal, commercial, life and specialty insurance, announces it has hired Jeff Wingate as its new Executive Vice President to drive growth and diversify its product offerings. As EVP and Head of Guaranteed Rate Insurance, Wingate, an industry veteran with more than 30 years of relevant experience, will lead the team of more than 200 insurance professionals and focus on organic growth, and mergers and acquisitions. Wingate’s goal will be...

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Both parties agree to cooperate in R&D and implementation of the SMART Safe Driving Platform for the citizens. The parties’ ultimate goal is to promote safe driving culture and reduce accident rate A fast-growing Insurtech Carrot General Insurance Corp. (“Carrot” or the “Company”) announced a memorandum of understanding (MoU) with Korea Expressway Corporation (KEC) to “co-develop a safe drive coaching platform for the drivers” in an effort to foster a culture of safe driving and...

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InsureLife, a startup technology company in Raleigh, NC, has developed an AI-powered platform for Insurers that digitally connects their financial services products with consumers and agents, growing sales in a contactless world. Investors in the Seed round include Nassau Financial Group, CFV Ventures, and several angel investors. InsureLife anticipates oversubscribing the Seed round. InsureLife has secured distribution agreements with two major insurance companies – a leading Supplemental Health Insurer and Nassau Financial Group. Following the Seed...

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Seasoned insurtech and digital transformation leader to accelerate the next phase of growth for Chisel AI Chisel AI, a technology provider for the global insurance industry, today announced that Rupin Mago has joined the company as Vice President, Sales. A proven cross-functional leader and trusted advisor to customers and partners, Mago brings deep insurance industry and technology domain experience to his role including AI, machine learning, file analytics, unstructured data, robotic process automation, big data,...

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National insurance franchise expands in Florida, New York, South Carolina and Texas. Seven people are realizing their dreams of business ownership through Brightway Insurance with the opening of five new franchise locations in June. Kevin Allen opened Brightway, The Allen Agency in Greenville, S.C. Dabir Duvert and Steven Duvert opened Brightway, The Duvert Agency in Hempstead, N.Y. Luan Le opened Brightway, The Le Agency in Tampa, Fla. Enrique and Brittany Miron opened Brightway, The Miron Agency in Riverview, Fla. Jorge Balderas opened Brightway, The Balderas in Spring,...

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The Series Seed round was led by Brick and Mortar Ventures As the insurance industry continues to seek the best way to digitize and simplify the property claims experience, claim management platform handdii is announcing a $3 million Seed round led by Brick & Mortar Ventures, with participation from Nine Four Ventures and Australia-based Scale Investors and Fifty-Second Celebration. This makes the first institutional round for handdii and puts the company in a strong position to meet increasing...

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