Root has raised $350m in a new round of funding that values the company at around $3.65b. The round will be led by new investors Coatue Management and DST Global, and all of Root’s existing investors.
National Transport Insurance (NTI) and global company Seeing Machines have forged an exclusive partnership to promote the benefits of Seeing Machines’ Guardian.
Max Life Insurance has introduced Max Life Innovation Labs, its start-up accelerator programme. Through the accelerator programme, the company will partner with insurtech start-ups to develop advanced tech-based solutions.
Gauntlet Enterprise has announced that two appointed representatives (AR) have joined the network in Wales. Move follows the launch of Gauntlet Enterprise's southern hub last year.
The value of global insurance premiums underwritten by artificial intelligence will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019, according to new data from Juniper Research.
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