Tagged: auto insurance

Covéa, the Car Insurer in France, Uses Tractable’s AI Tech to Enhance Claims Processing

Covéa, the car insurer in France with 10.7 million vehicles insured by its French brands MAAF, MMA and GMF, announces the use of Tractable‘s artificial intelligence technology “to accelerate claims processing nationwide in France.” Covéa has been working with Tractable since 2016 “to simplify claims… Read More

Ford Credit Plans Commercial Vehicle Insurance, Powered by Pie Insurance

Expanding the one-stop shop of products and services offered by Ford Pro to commercial customers, Ford Credit announced plans “to launch Ford Pro Insure, a new commercial auto insurance product powered by Pie Insurance.” Jim Drotman, Ford Pro FinSimple executive vice president overseeing commercial financing… Read More

Insurtech: CTOS Partners with PolicyStreet to Provide Auto Insurance, Road Tax Renewal in Malaysia

CTOS Digital, via its subsidiary firm, CTOS IDS, is further expanding its range of services with the introduction of CTOS Car Insurance, an online platform for car insurance and road tax renewal with assistance from Insurtech PolicyStreet.com. This new product offering enables clients to make… Read More

Insurtech: Axiata Digital’s E-Wallet Boost Expands Insurance Offering with Auto Insurance CarProtect Product

Axiata Digital’s digital wallet Boost revealed earlier this week that it has further expanded its insurance offerings with the introduction of automobile insurance, called “CarProtect,” which has been underwritten by Great Eastern General Insurance (Malaysia) Berhad. The digital wallet provider stated that CarProtect provides clients… Read More

Marshmallow Becomes Insurtech Unicorn Raising $85 Million at $1.25 Billion Valuation

Marshmallow, an Insurtech that provides a digital path for auto insurance, has raised $85 million at a $1.25 billion valuation thus vaunting it into Unicorn status. In the past 12 months, Marshmallow has raised $100 million. In a blog post, the UK-based firm said it… Read More

AI enhanced Insurtech Tractable Acquires $60M via Series D Round led by Insight Partners, Georgian

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

Insurtech: Malaysia’s myTukar, a Car Purchasing, Selling Service Partners PolicyStreet.com to Offer Insurance for Pre-Owned Cars

Malaysia-based myTukar, a pre-owned car purchasing and selling platform, has teamed up with Insurtech company PolicyStreet.com in order to provide insurance policies for pre-owned automobile purchases. Through the partnership, myTukar’s wholesale and retail clients may get timely insurance quotations along with convenient access to most… Read More

 Buckle Adds Crash Risk Data From TNEDICCA For Auto Insurance Underwriting

  Buckle, a U.S.-based financial services group, announced on Wednesday it has partnered with TNEDICCA, a location-based traffic crash intelligence and predictive analytics provider, to offer crash risk data for auto insurance underwriting. Buckle reported that TNEDICCA has built a proprietary traffic crash location database… Read More

Insurance Marketplace Solution DealerPolicy Now Offering Car Buyers Auto Insurance Within Digital Retailing

DealerPolicy, a U.S.-based insurance marketplace solution for dealers, announced on Wednesday it has teamed up with auto retail design and CRM tool provider FRIKINtech to provide car buyers auto insurance within digital retailing. Founded in 2015, DealerPolicy claims to be the most trusted and complete… Read More

U.S. Insurtech Branch to Give Back 15% of Monthly Insurance Auto Premiums to Policyholders in Response of the COVID-19 Crisis

Branch, a U.S.-based insurtech startup, announced on Monday it is set to give back 15% of monthly insurance premiums to its auto policyholders in response to the COVID-19 pandemic. According to Branch, the compassionate initiative recognizes clients’ reduced driving due to shelter in place orders… Read More

Commercial Insurtech Bold Penguin Adds Auto Insurance to Exchange

Bold Penguin, a U.S.-based commercial insurtech firm, recently announced it has added commercial auto insurance to its insurance platform. According to Bold Penguin, the new capability will allow business use auto insurance to be quoted with other insurance coverage in a bundle. Speaking about the… Read More

Peer-to-Peer Lending Works Set to Debut First Auto Income Tool For Flexible Money Management

Lending Works, a peer-to-peer lender that provides insurance against borrower default risk, is launching an Auto Income tool that allows lenders to draw down a regular income over the course of their lending term. Starting April 6th, Lending Works customers will be able to elect to… Read More

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