CLARA Analytics raises $24M in Series C Funding

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...

Xceedance Appoints Insurance veterans to Support European Market

Xceedance, a global provider of strategic operations support, technology, and data services to insurance organisations, announced the appointments of industry veterans Isabelle Clausner and Tracy Harrington Cloud to develop and manage the company’s interactions with insurers in the European region. Isabelle Clausner joins Xceedance as vice president, client executive for southern Europe and is based in Paris. She will leverage her more than 20 years of experience in European insurance markets to introduce Xceedance capabilities...

Gradient AI Joins Guidewire Insurtech Vanguards Program

Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions for the insurance industry, announced that the company has joined Guidewire’s Insurtech Vanguards program, a new initiative led by property and casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them. “Guidewire is one of the most recognized platform providers in the insurance industry today and we are proud to be working with...

Resolution Life Builds Singapore Presence for Asian Life Insurers

Resolution Life is pleased to announce the formation of its new Representative Office in Singapore Resolution Life aims to grow its in-force business in Asian mature markets, by providing solutions to the primary life industry Resolution Life Group Holdings L.P. (‚ÄúResolution Life‚ÄĚ) is delighted to announce the formation of its new Representative Office in Singapore, following recent approval by the Monetary Authority of Singapore. The formation of the Representative Office is the first step in...

Global Embedded Insurance Business and Investment Opportunities

The¬†“Global Embedded Insurance Business and Investment Opportunities – Q1 2022 Update”¬†report has been added to¬†ResearchAndMarkets.com’s¬†offering. According to this report the industry is expected to grow by 31.9% on annual basis to reach US$56,979.8 million in 2022. The embedded insurance industry is expected to grow steadily over the forecast period, recording a CAGR of 20.7% during 2022-2029. The embedded insurance revenues in the region will increase from US$56,979.8 million in 2022 to reach US$161,598.3 million by...

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