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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| | Insurtech startup InsurLife has opened its seed funding round in which Nassau Financial Group, CFV Ventures, and other angel investors are participating. InsureLife’s platform leverages AI to connect insurers’ financial services products with consumers and agents.
LIFE INSURANCE INTERNATIONAL
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AXA has launched STeP, a digital claims solution that is set to transform the insurer’s online offering and provide more choice for its motor insurance customers. The new solution, sees the insurer expand its digital capabilities beyond electronic notification into a self-serve, end-to-end digital claims experience.
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| | Chubb announced that it has acquired the business of StreamLabs Water from Australia-based Reliance Worldwide Corporation Limited (RWC). StreamLabs offers Internet of Things (IoT) enabled water monitoring, leak detection, and water shut-off products.
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| | Conversational AI platform provider Yellow.ai today announced the close of an over $78.15 million series C round led by WestBridge Capital with participation from Sapphire Ventures, Salesforce Ventures, and Lightspeed Venture Partners, bringing the company’s total funding to more than $102.15
million.
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| | Ping An Property & Casualty Insurance has issued its first digital RMB insurance policies in Shenzhen in cooperation with the Bank of China. The pilot is an industry first which aims to provide protection for medical staff, offer policy holders a digital wallet experience and enable digital RMB
premium settlement.
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