insurance - FinTecBuzz

EvolutionIQ’s Funding Total Rises to $33.1M; Valuation Passes $200M

March 1, 20238 min

With recurring revenue tripling for the 3rd consecutive year, the leader in AI-powered Claims Guidance caps its latest funding round at $7 million Company’s value effectively doubles despite the tech sector’s ongoing volatility Industry adoption accelerates as its AI measurably and consistently helps more sick or injured people recover and return to work vs insurers’ legacy processes EvolutionIQ, the market-leading AI-powered Claims Guidance platform for Disability, Workers’ Compensation, and Property & Casualty insurance, today announced that...

by BusinessWire

Compliance & Scoring

DIFC Chooses Napier to Provide Client Screening Capabilities

February 28, 20234 min

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has chosen anti-financial crime compliance specialist Napier to upgrade the screening services they employ with Napier Client Screening. With the next-generation solution, the DIFC Authority will benefit from continuous large-scale client screening and re-screening capabilities to ensure it fulfils regulatory compliance requirements. The partnership will help DIFC safeguard its global reputation and vigilant adherence to...

by GlobeNewswire

Insurance

EverQuote Announces Q4 and Full Year 2022 Financial Results

February 28, 202311 min

Fourth Quarter Revenue of $88.3 million Fourth Quarter Variable Marketing Margin of $29.1 million Full Year Revenue of $404.1 million Full Year Variable Marketing Margin of $128.3 million EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the fourth quarter and year ended December 31, 2022. “In 2022, we achieved positive Adjusted EBITDA for the year through the continued strength and agility of our team to respond swiftly to frequent,...

by PRNewswire

Insurance

Amwins Partners with Rhodian

February 27, 20236 min

Amwins, a global distributor of specialty insurance products and services, has announced a new minority investment in Rhodian, an Australian start-up MGA incubator whose focus includes building a network of successful, independent underwriting agencies powered by Rhodian’s technology and capacity relationships and operational services. With a strong shared-equity ethos, Rhodian has developed a framework that empowers agency leaders to have ownership of their brand, product and delivery to market, with the engine room of Rhodian...

by BusinessWire

Insurance

Earnix Forms Advisory Board to Drive Worldwide Growth

February 24, 20235 min

Founding members offer deep expertise in insurance and financial services

by PRNewswire

Insurance

Branch Launches In Three New States and D.C.

February 23, 20234 min

Rapidly-Expanding Home & Auto Insurer Now Available in 36 States Plus D.C.

by Akur8

Insurance

Akur8 Announces Platinum Sponsorship of 2023 CAS RPM Seminar

February 23, 20233 min

Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its Platinum Sponsorship of the 2023 Casualty Actuarial Society (CAS) Ratemaking, Product and Modeling (RPM) Seminar taking place March 13 to March 15 in Coronado, California. Specifically developed for actuaries and predictive modelers, Akur8’s solution enhances insurers’ pricing processes by automating technical and commercial premium modeling with proprietary, transparent machine learning technology. The core benefits for insurers include a...

by BusinessWire

Insurance

Auto Insurers Taking AI Broader, Deeper Across Claims in 2022

February 22, 20235 min

CCC Intelligent Solutions Reports Use of Advanced AI for Claims Processing Grew 60% YOY Tech leader also reports processing more than 14M unique claims with advanced AI through 2022 CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform powering the P&C insurance economy, today announces an update to its insurer AI adoption report, which for the third straight year shows significant growth in the adoption of AI in auto claims. The company reports the application...

by BusinessWire

Insurance

Socotra Targets European Expansion for Its Global Growth Strategy

February 21, 20234 min

Socotra’s move is driven by accelerated demand for its API-driven, cloud-first technology, which increases insurers’ speed-to-market at lower cost

by BusinessWire

Risk Management

CAMICO Names Mike Ray as Chief Financial Officer

February 20, 20233 min

CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, announced that Mike Ray will join as Chief Financial Officer (CFO) on Feb. 20, 2023. In this role, Ray will oversee all finance functions of CAMICO and its subsidiaries. Ray is a CPA, previously with PricewaterhouseCoopers (PwC), and for the past 22 years served as the CFO for California Casualty Insurance Company, also based in San Mateo. He succeeds CFO...

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