Covu, the AI-native operating system of insurance, announced additional $16 million funding, bringing its total funding to around $50 million. The funding will accelerate its platform development, expand operational infrastructure, and offer more support to independent agency partners.
Source: Covu — Read More
Sola Insurance has secured $8 million in Series A, bringing its total funding to $11.7 million. The funding will be used to expand its coverage and grow its sales and product teams. Founded in 2022, Sola offers property insurance that automatically triggers payouts for wind and hail damage using objective data.
Source: Reinsurance News — Read More
Liberty Mutual Reinsurance has joined forces with seismic sensor and risk management provider Safehub to launch ShakeNet Parametric, a new earthquake parametric insurance product designed to deliver payouts triggered by regional shaking data available globally.
Source: Safehub — Read More
Rental property insurer Steadily has deepened its partnership with property risk analytics firm ZestyAI to deliver advanced hail and wind risk models that enable more precise underwriting. ZestyAI’s platform predicts the likelihood and severity of storm-related claims and offers AI-driven insights that enable better pricing, smarter underwriting, and more resilient portfolios.
Source: ZestyAI — Read More
OneShield has released the OneShield AI Hub, a first-of-its-kind centralized environment for the secure development, deployment, and governance of AI solutions tailored to the insurance ecosystem. The AI Hub allows OneShield’s teams, clients, and partners to learn, build, and deploy AI-powered tools.
Source: Insurtech Insights — Read More
Sixfold has launched the Condition-Based Insights and Core Clinical Data service to help insurers assess applicants’ medical information with greater speed, accuracy, and consistency. The medical information includes medications and ongoing treatment, procedures and lab results, and the condition’s full history and progression.
Source: Sixfold — Read More
