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Insurance broker Acrisure has acquired AI-powered insurance platform Tulco with the goal of starting the deployment of “InsurTech at scale.”
While The global AI in FinTech market was estimated at to be worth $6.67bn in 2019, that figure is expected to reach $22.6bn by 2025.
AI-powered employee verification platform Vetty has scored $4m in its pre-Series A funding round, which was led by existing backer 3Lines Venture Capital.
AI technology has been at the forefront of discussions around technology for a number of years now and it has been able to provide the insurance world with a plethora of benefits.
Brace, a digital mortgage-service platform, has secured $10m in its Series A which will help it launch new software services for the lending space.
Applica, an enterprise software company, has closed its Series A funding round which was led by Cogito Capital Partners.