PCIT+ July'24 Newsletter
Key Management Group, Inc.
Driving Business Excellence through Technology and Innovation
Explore the latest insights and trends in the insurtech industry, delivered straight to your inbox. Stay informed about your community and domain developments.
Insurtech Top Stories
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing
A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a latest survey.?Read more →
Partnerships
InsurTech Firm Cover Genius Taps Adyen for Payment Processing
Through the collaboration, Adyen aims to increase Cover Genius’s authorization rates of online payments by offering local payment methods in the Americas, Europe and the Asia-Pacific region, the companies. The partnership enables stronger security and a smoother customer experience, the release added.?Read story →
AutoRek partners with J.P. Morgan Payments to enhance insurance premium processing
AutoRek's solution enhances financial data flows from banking sources, aiding in cash allocation, matching, and credit control. Read story →
Funding & Investments
Insurtech firm CoverSure raises $4 million funding, led by Enam Holdings
Founded in January 2023, CoverSure offers a personalized insurance portfolio besides claim assistance and other services, to customers across health, life, motor, and travel segments in an "unbiased manner".?Read story →
Cover Genius lands $80M to fund growth and technology investments
The investment in the New York-based company, which was set up in 2014, was led by Spark Capital with existing investors including Dawn Capital, King River Capital, and G Squared also participating.?Read story →
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The KMG Foundation -?Going above & beyond in creating a sustainable & resilient future for all
Tech Update
INSTANDA and UnderwriteMe partner to revolutionize life insurance with no-code tech
INSTANDA, a leading global provider of SaaS platform technology for life insurance distribution and policy administration, has announced an integration with UnderwriteMe, a comprehensive SaaS underwriting platform provider for the life insurance industry.?Read story →
领英推荐
Scanbot SDK enhances document filters for superior scan quality and speed
These enhancements are now accessible directly in any modern browser through the new Document Filters Demo.?The upgraded filters enable users to produce document scans that are easier to read for both humans and machines, boasting an average processing speed 50% faster than previous versions.?Read story →
Insights
Many see embedded insurance as a disruptor – is it?
Undoubtedly, more and more insurance will be sold through embedded insurance. The big question for the industry is how broad and fast it can go with the concept.?Read more →
A three-pronged strategy to optimize growth in insurance: Digital, Data, and Distribution
Embarking on a growth optimization journey is crucial for companies today, involving both IT and business facets to stay competitive. Read our blog that showcases how leveraging a three-pronged strategy – digital, data, and distribution can help insurers optimize their growth.?Read more →
Embedded digital lending insurance: Lenders and Consumers
How could embedded digital lending insurance strategies bridge the needs of modern digital lenders and consumers??Read more →
Why insurtech remains steady as other Fintech segments falter?
Until 2023, payment companies could do no wrong in the eyes of fintech industry observers and participants. Businesses in this segment were among the few that successfully navigated IPOs and kept the public markets happy.?Read more →
The untapped potential of data analytics in underwriting
With the advent of data analytics, insurers can access vast amounts of structured and unstructured data, enabling them to customize policies to meet customer needs. But the key question is where exactly in underwriting and how it can be applied to achieve maximum business impact.?Read more →
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