TDI Daily Newswire - 23rd July 2021

Published: Fri, 07/23/21

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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Tractable Launches Subrogation Solution AI Subro

Tractable, a London-based developer of artificial intelligence (AI) solutions for accident and disaster recovery, has launched AI Subro. The new AI-based solution offers a digital-first approach to help insurers recover loss , as well as avoid arbitration with other insurers and third parties.

IIR

Empower Retirement to acquire Prudential’s full-service retirement business

Prudential Financial announced that Empower Retirement will acquire its full-service retirement plan recordkeeping and administration business for a total transaction value of $3.55 billion.

COVERAGER

W.R. Berkley-Backed Vehicle Inspection Firm UVeye Raises $60M

UVeye, a company that uses artificial intelligence to do fast vehicle inspections, has raised $60 million from investors including used car retailer CarMax Inc. and the insurer W.R. Berkley Corp.

INSURANCE JOURNAL

Munich Re forges partnership with Sapiens for commercial insurance

Munich Re has teamed up with Sapiens International to help primary insurers better target the commercial insurance market and aid post-Covid economic revival. The companies will offer technology-led consultancy and services to small and medium-sized enterprises in the UK.

LIFE INSURANCE INTERNATIONAL

Tremor signs up all major brokers, disrupts reinsurance

Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has achieved a milestone in signing up all of the major reinsurance broking firms to use its platform.

ARTEMIS

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