TDI Daily Newswire - 18th May 2020

Published: Mon, 05/18/20

Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.

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Envelop Risk raises $6mn in Series A funding round

Data-driven underwriting and analytics company Envelop Risk has secured approximately $6 million in a Series A funding round. Led by AI-specialist investor Alpha Intelligence Capital and with participation from MS Amlin.

REINSURANCE NEWS

Zesty.ai and IBHS to Partner on Predictive Analytics for Climate Risk

Zesty.ai, an Oakland, Calif.-based artificial intelligence (AI) InsurTech startup, has joined the Insurance Institute for Business & Home Safety (IBHS) to apply practical research, extensive historical loss data, and machine learning to the risks the organization studies.

IIR

Generali and Insurtech Descartes Underwriting to Develop Parametric Insurance Cover

Generali’s P&C unit Global Corporate & Commercial (GC&C) and insurtech company Descartes Underwriting have formed a strategic partnership to develop parametric products designed to help close the growing insurance protection gap.

INSURANCE JOURNAL

DropIn InsurTech Offers Solution for Remote Home Appraisals

DropIn, a Los Angeles-based tech company pioneering video home inspections, is urging homebuyers and home inspectors to use its platform during the COVID-19 pandemic. Live-streaming a home inspection is the easiest way to comply with social distancing and shelter in place mandates, while still getting an immersive experience.

PRWEB

MAS releases fresh insurtech funding

The Monetary Authority of Singapore (MAS) has announced a new S$6 million (US$4.2 million) ‘fintech solidarity grant,’ in collaboration with financial services group AMTD and the Singapore Fintech Association (SFA). Under the umbrella of fintech firms also includes insurtech players.

INSURANCE ASIA NEWS

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