This year, the company is continuing to expand and create new value for customers. With the rapid proliferation of commercial drone opportunities, Flock saw a need in the marketplace. Most recently, it launched Flock Enterprise, the world’s first real-time insurance and risk management product for drone fleets.
The company's business model provides affordable crop insurance to farmers—and allows investors to add diversified returns and social impact to portfolios.
What if you could work with data that’s collected in a smarter way? And digging through documents to find relevant information was a thing of the past. That’s the idea behind DataCubes—a commercial underwriting platform powered by data science.
Insurtechs may think the ongoing disruption of the insurance industry means they’re exempt from the “old rules.” But to compete and gain entry into the industry with their innovations, the rules are still the same, according to Matt Leonard, Oliver Wyman Partner. “It’s amazing how many startups forget this,” he added.
Learn more how Betterview decided to pivot from its original value proposition and built a sophisticated property data platform. The result...a fruitful $4.5 million Series A, that brings total funding to $10 million.
Traditional models are being disrupted, creating gaps in the market where insurers have the opportunity to provide services in new cost-effective and customer-centric ways. Insurers can fill these gaps by taking a greenfield approach to building new business capabilities.
In a recent report, Pace Of Change: Critical Drivers Impacting The Transformation Of Insurance, our colleagues at Celent surveyed property & casualty carriers.
As a part of AIG, Blackboard is helping the company to modernize and transform its middle market insurance business—by wiping out inefficiencies and old processes and adding the latest digital technology, data analytics and automation.
A lot of small and medium sized businesses go bankrupt because their invoices are unpaid or remittances are extremely late. But what if small and medium sized companies could insure their invoices, so payments were guaranteed? That's what the new insurtech company Hokodo seeks to do. Co-founded by Richard Thornton, an Oliver Wyman alumnus, Hokodo is a business-to-business company that allows its clients to ask their clients a very important question: "Would you like to receive a quote to protect this invoice against non-payment?"
Tractable, based out of the UK, is simplifying and automating the accident and disaster recovery claims process. From road accidents to hurricanes and floods, the company uses its artificial intelligence (AI) technologies to quickly look at the disaster damages and predict the repair costs.
