TDI Daily Newswire - 08th June 2021

Published: Tue, 06/08/21

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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Wilbur and BAIS team up to improve insurance and claims solutions

Australian insurtech providers Wilbur and BAIS have formed a partnership to provide improved end-to-end policy and claims solutions to the insurance industry nationwide and globally. The partnership came after the companies developed seamless integrations between their respective platforms to provide better data and process management solutions.

INSURANCE BUSINESS

Prixa scores $3M to scale AI health management platform

Indonesian health startup Prixa has raised $3 million in an investment round led by Telkom Indonesia's MDI Ventures and Trans-Pacific Technology Fund and joined by publicly-listed Siloam Hospitals Group. The health startup provides telemedicine services for insurance companies.

MOBI HEALTH NEWS

ELEMENT raises $19.5 million

Berlin-based white-label product factory for insurance ELEMENT has raised $19.5 million from Witan Group, Ilavska Vuillermoz Capital, finleap, signals VC, Versorgungswerk der Zahnärztekammer Berlin, and Mundi Ventures. To date, the company has raised ~$76 million.

COVERAGER

EMC Mobileye offers collision avoidance systems to policyholders

EMC Insurance Companies (EMC) has collaborated with Mobileye, to offer collision avoidance systems with preferred pricing for policyholders. The Mobileye 8 Connect technology uses real-time and a forward-facing camera and artificial intelligence (AI) to detect collision risks and alert drivers in real time with audio and/or visual warnings, so they can take action to prevent or mitigate the predicted collision.

ICMIF

EastWest’s Komo launches the customizable on-demand life insurance Troo

EastWest will launch what is considered to be the first-ever customizable app-based, on-demand life insurance in the Philippines. Troo Flex will be exclusively available through Komo, the group’s fully digital banking service, offered through EastWest Rural Bank.

BACK END NEWS

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