Tag: Auto Insurance

Admiral Seguros, a key player in the Spanish motor insurance market and an operational arm of Admiral Group, and ING Spain, a renowned banking institution, have unveiled an innovative digital bancassurance partnership.

There were 12 million car accidents in the US in 2019, according to data from Statista. Each of these comes with an insurance claim, but these processes are too long and inefficient.

Australian digital insurance company Open has signed a partnership with Bupa, an international healthcare group,

Liberty Mutual Insurance has acquired certain technology assets of Insurance Portal Services (Fetch), which allows auto manufacturers and dealers integrate auto insurance.

Beesafe, which is part of the Vienna Insurance Group, with leverage Tractable’s AI technology to assess car damage and accelerate claim processes.

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.

Tractable, which has developed an AI solution for visual assessment and disaster recovery, has launched a new solution to assess damage to buildings after natural disasters.

Hylant, a large privately owned insurance brokerage in the US, has launched RoadPilot, a pay as you go insurance service for the restaurant home food delivery industry.

Motor fleet insurance pricing service Humn has collected £10.1m in its Series A, which was led by BXR Group and Shell Ventures.

Sara Assicurazioni has become the first Italian insurance firm to leverage AI to enhance vehicle damage assessments and estimates, thanks to a deal with InsurTech100 company Tractable.