Insurance Nexus

CLAIMS, RISK MANAGEMENT

Shift Technology | March 16, 2023

Shift Technology, a leading provider of AI-driven solutions for the insurance industry, announced on March 15, 2023, that General Insurance Association of Singapore (GIA) would be expanding its use of Shift Claims Fraud Detection to assist its member insurers in detecting travel insurance fraud. This strategic expansion is a testament to the success of General Insurance Association of Singapore's (GIA) Fraud Management System (FMS). This move comes at an opportune time, with...

INSURANCE TECHNOLOGY

iCover | September 13, 2021

iCover, a Missouri-based Insurtech that provides an algorithmic underwriting Platform as a Service (paas) for life insurance companies, raised an undisclosed amount in seed funding. The company intends to use the funds raised to expand insurance distribution through a direct-to-consumer offering, increase technical staff and expand sales and marketing efforts. iCover also announced a multi-year partnership with KSKJ Life, headquartered in Joliet, IL, that allows iCover to on...

INSURANCE TECHNOLOGY

ACCELERANT | August 25, 2022

Accelerant, the insurtech platform empowering underwriters with superior risk exchange, advanced data analytics, and long-term capacity commitments, today announced a new $175 million sidecar vehicle, Flywheel Re. Flywheel will provide multi-year risk capital to Accelerant and its cadre of underwriting-led specialist Members. “We’re thrilled to launch Flywheel and put it to work on behalf of our Members, This is a natural extension of the work we’ve...

SafeAuto Group | January 21, 2020

Safe Auto Group Agency (SafeAuto) has expanded its offerings to one more state – Colorado - bringing the total number of states it provides auto insurance in to 18. “We’re thrilled to offer the good folks of Colorado an affordable option for state-minimum car insurance,” said SafeAuto product manager Mark Crutcher. “It’s an exciting time in the insurance industry and at SafeAuto,” added CEO Ron Davies. “With the progression of technology, we can pr...