Top Headlines from May 4–10, 2026
Subscribe on LinkedInBusiness insurance startup Corgi has raised $160 million in Series B funding at a $1.3 billion valuation. The new capital will support the continued expansion of Corgi’s startup insurance products, including broader coverage, deeper distribution, and ongoing investment in the AI systems that power underwriting, claims, and policy operations.
Netradyne has acquired Moove Connected Mobility, a European fleet intelligence and connected mobility company. The deal expands Netradyne’s footprint in Europe and strengthens its AI-powered fleet safety and performance platform across North America, Europe, and Asia. Netradyne’s platform is used by commercial auto insurers and fleet-focused insurance providers to support driver monitoring, telematics, risk selection, and safety programs.
Howden has acquired the intellectual property assets of Cybeta, adding data-driven cyber risk modeling and threat intelligence capabilities to its U.S. platform. Cybeta, founded in 2019 by data scientists with backgrounds in U.S. defense and intelligence, developed tools to predict and prevent cyber attacks. The Cybeta platform enables real-time cyber risk profiling, helping clients improve insurability and make more informed coverage decisions.
DeNexus launched DeRISK UWA Agentic, the first agentic AI underwriting platform built specifically for industrial cyber insurance. Five specialist AI agents execute complete underwriting assessments in 10-20 minutes, producing actuarial output including expected loss, loss exceedance curves, premium indication, and binding conditions. The platform integrates real-time OT threat intelligence, dual IT/OT risk assessment, and a proprietary actuarial engine grounded in 300+ industrial OT deployments since 2019.
Life insurance provider Ethos Technologies announced the launch of its ChatGPT app. The app offers users a monthly term life insurance estimate after answering five questions (gender, age, zip code, nicotine use, and general health).
Lockton has partnered with ChAI, an AI-driven commodity intelligence and raw material insurance firm, to provide clients with insights into commodity risk and offer insurance-based solutions for price volatility. As part of the partnership, clients gain access to commodity risk reporting and ChAI Protect, a product that uses predictive analytics to insure certain commodity price exposures.
Quartz Claims, an Australian TPA, has selected Five Sigma’s Claims Management Platform and Clive™, Five Sigma’s Multi-Agent AI Claims Expert, as the core infrastructure for its claims operation. Five Sigma’s AI Claims Management Platform embeds automation, configurable workflows, communications, reporting, and AI-powered guidance across the claims lifecycle. Together with Clive™, the platform will help Quartz manage claims from first notice of loss through settlement with greater speed, consistency, and operational visibility.
Source: Five Sigma — Read More • Quartz Claims • Five Sigma
