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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Today’s top selected digital insurance content
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| | Shift Technology, a SaaS provider of artificial intelligence (AI)-driven decision automation and optimization solutions for the global insurance industry, announced the company closed a Series D investment round of $220 million. The round was led by Advent International, through Advent Tech, with
participation from Avenir and others.
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A new insurance technology start-up named Stere has been launched to provide a digital ecosystem for insurance programs, targeting capacity provision and digital enablement for MGA’s, insurtech’s and programs, with a desire to help them access ILS fund capacity.
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| | Global reinsurer SCOR has announced a new strategic partnership that will provide its clients with access to an end-to-end claims management platform, digital payments platform, motor virtual appraisal offering. The solutions are provided by digital claims management software specialist
Snapsheet.
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| | FINEOS has entered into a binding agreement to acquire Spraoi a Chicago-based provider of machine learning capabilities for the employee benefits and life insurance industry. FINEOS characterizes Spraoi’s product and services offerings as a strategic addition with immediate opportunities to
leverage from its existing client base and product capabilities.
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| | AcordPay, accounts receivable automation leader is pleased to announce a merger with ClearPay, the payment settlement and reconciliation leader, to become the leading North American digital platform to automate receivables and payments for the insurance industry.
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