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The InsurTech has tapped talent from Aon, McGill and Talbot as it expands. -
The funding round led by Force Over Mass Capital will trigger a hiring spree at Artificial Labs and fuel the development of its automated underwriting platform.
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More than 10% of the largest 200 carriers are “digital laggards”, a study shows.
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The funding will be used to expand its team and support the development of new and existing products.
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The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
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Openly completed its first significant catastrophe excess of loss placement, with a diverse panel of reinsurers across London, Bermuda and the US.
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Amid concerns around increased digitalisation in the insurance sector, the PRA will soon publish a discussion paper on new measures.
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Lloyd’s announced back in March that it had appointed Schroders Solutions as a partner for its new investment platform.
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The InsurTech (pronounced Signus) provides clients with the ability to securely connect and collaborate with brokers, insurers, vendors and policyholders.
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The product will provide construction all risk and operational all risk coverage, backed by AI-powered data and analytics.
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Marine and energy-focused MGA Thomas Miller Specialty has partnered with Send Technology Solutions to streamline and automate its operations using the InsurTech’s software.
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Gallagher Re’s Global InsurTech report showed that more capital is being channelled into earlier-stage funding rounds.
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