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The future of insurance lies in the application of artificial intelligence across the value chain.
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The company is partnering with Scor to provide capacity for its credit insurance policy.
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Insurers are now achieving double-digit rate rises, with some loss-hit accounts up 100%.
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InsiderTech Chicago keynote speakers said innovation in SME insurance could attract young talent.
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In her keynote address, the XL Innovate partner laid out 10 predictions for InsurTech in 2019.
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The cloud-based platform uses data analytics and AI to make property risk management more efficient.
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The funds will make this the company’s sixth, seventh and eight investment vehicles.
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The Canopius-backed MGA will pull cover from existing customers on 30 April.
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The Californian home insurer has so far raised $109mn in total.
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A sharper focus on underwriting profitability bears fruit for Lemonade, Metromile and Root. -
The company says it will use the funding to expand its global operations.
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Insurance Acquisition Corporation is led by John Butler who previously worked for Twelve Capital.
