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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| | Fraud protection startup nSure AI has raised $6.8 million in seed funding, led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet, Moneta Seeds and private investors. The round will help the company bolster the predictive AI and machine learning algorithms that power nSure AI’s “first
of its kind” fraud protection platform.
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Hillridge Technology Pty Ltd, an Australian software technology company that aims to help users address the climate protection gap, has launched a weather index insurance platform with the support of Mitsui Sumitomo Insurance and Victor Insurance Australia, a subsidiary of Marsh.
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| | Immersive Labs, the company empowering organizations to measure and improve cybersecurity skills across technical and non-technical teams, announced it has closed $75 million in Series C funding led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs
Asset Management.
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| | Root, Inc., the parent company of the Root Insurance family of carriers, has successfully placed its June property catastrophe program with Tremor Technologies next generation trading platform, Panorama. The company focuses on driving behaviour to determine rates for drivers, enabling it to use
test drive results and powerful predictive data models to select and insure safer drivers.
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| | The member companies of the Utica National Insurance Group are accelerating the digital transformation of its underwriting process with an ecosystem of robust data solutions from Verisk, a leading global data analytics provider.
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