Akur8, a leading AI-powered insurance pricing solution provider, has officially announced its title sponsorship of InsureTech Connect (ITC) Vegas 2024. ITC Vegas, the world’s largest and most prestigious insurtech event, will be held in October 2024 and will gather industry leaders, innovators, and experts from around the globe to explore the future of insurance technology. […]
Category: Insurtech
Honeycomb Secures Biggest US InsurTech Deal in H1 Amid 43% Drop in Deal Activity
The InsurTech landscape in the United States has seen a significant shift in the first half of the year, with deal activity dropping by 43%. However, in the midst of this downturn, Honeycomb, a tech-driven insurance provider, secured the largest deal in the InsurTech sector. This accomplishment highlights the company’s growing influence and strategic positioning […]
French InsurTech Alan Secures $193M Series F Funding to Expand Belgian Operations.
Alan, a pioneering French InsurTech company, has secured $193 million in Series F funding, marking a major step in its growth and expansion plans. This new capital injection will strengthen its presence in Belgium, accelerate product development, and enhance customer experiences as the company continues its mission to revolutionize health insurance through digital innovation. A […]
Hacker Uses Telegram Chatbots to Leak Data of Indian Insurer Star Health
In a concerning data security breach, a hacker recently exploited Telegram chatbots to leak sensitive customer information from Star Health Insurance, one of India’s largest health insurers. This incident has raised alarms about the growing use of messaging platforms like Telegram for illicit activities and the vulnerability of sensitive data in the healthcare sector. The […]
InsurTech Korint Secures €5M to Foster Growth Under Its New Venture
InsurTech newcomer Korint has raised 5 million euros in a fresh funding round intended to move the focus further toward the insurance industry’s digitalization. Aiming to change the uncharted waters of the traditional insurance industry, Korint employs a revolutionary approach with AI (artificial intelligence) and data analytics to make processes more efficient, improve customer relations, […]
How Digital Lenders Can Minimize Risks of Loan Default
Digital lending has transformed the financial services sector by enabling quicker, more effortless means of obtaining funds for both individuals and companies. Nevertheless, such rapid growth leaves concerns on how to manage loan defaults. Loan default is a risk faced by nearly all digital lenders that affects their profits and the stability of their operations. […]
GST relief on health insurance may lead to Rs 3,500 crore revenue loss, says govt official
The issue of reducing the Goods and Services Tax generally focusing on health insurance has created a lot of debate among those in the policy making and those in the industry. While such a decision is, no doubt, very noble since it would bring down the price of health insurance thereby enabling millions of Indians […]
What is SaaS? Understanding Software as a Service and Its Impact on Modern Business
In this digital age, businesses operate, innovate and scale around Software as a Service (SaaS). Whether you are an entrepreneur or part of a big business, there is a high chance that you have interacted with it in some way. So what does SaaS mean and why has it become so essential to modern day […]
GST Rate Rationalization Panel For Health And Life Insurance Premiums Can Reduce Them.
The GST rate on premiums for health and life insurance could be lowered in a move to relieve the millions of policyholders in India. The matter has been referred to a panel on GST rate rationalization, which is expected to study the existing tax rates and recommend changes that would make insurance more affordable to […]
Inscora Secures $2 Million Funding to Revolutionize Cyber Insurance for Brokers
In a major step towards transforming the cyber insurance landscape, Inscora has secured $2 million in funds successfully. This investment seeks to boost the company’s innovative platform that facilitates the cyberspace assurance process for brokers. The demand for efficient and effective cyber insurance solutions is at an all-time high due to ever-increasing sophisticated cyber threats. […]
