Insurtech

The latest insurtech trends and technologies, and their applications across the insurance industry.

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Just raised $7 million to solve insurance talent crisis through AI

The insurance industry is facing a shortage of personnel. Professionals known as underwriters are retiring, fewer and fewer young professionals are joining the business, and companies are trying to fill the gap with workflow management tools. At the same time, the volume of applications is growing. The gap between the industry’s needs and its capacity to…

Insurers Scale Back AI Coverage Amid Fears of Billion-Dollar Claims

The rapid integration of AI systems into everyday business operations has left many insurers wondering: Who pays when an AI makes a mistake? The post Insurers Scale Back AI Coverage Amid Fears of Billion-Dollar Claims appeared first on TechRepublic.

Registered Investment Advisors See Wire Fraud, AI Errors as Emerging Threats to their Business, According to Golsan Scruggs 2025 Risk Survey

–Registered investment advisors are growing increasingly concerned about their liabilities for errors and issues caused by artificial intelligence and wire fraud, though vulnerability to cyber breaches or attacks remains the top worry, according to the 2025 RIA Bi-Annual Risk Survey from insurance brokerage Golsan Scruggs. This marked the first year…

Top Democrat questions Medicare Advantage insurers on AI claims denials

–A prominent Democrat lawmaker is questioning major Medicare Advantage insurers about their use of artificial intelligence to make care decisions.– In letters sent to CVS Health, UnitedHealthcare and Humana on Thursday, Sen. Richard Blumenthal, D- Conn., pressed the payers on whether they make coverage decisions based on AI tools or predictive technology, which…

Group Health Insurance Market Is Booming Worldwide 2025-2032 | UnitedHealth Group, Anthem (Elevance Health)

The global group health insurance market is estimated to be valued at USD 3.11 Tn in 2025 and is expected to reach USD 5.87 Tn by 2032.. BURLINGAME, CA, UNITED STATES, October 10, 2025/ EINPresswire.com/– The latest report from Coherent Market Insights examines the growth prospects of the Group Health Insurance Market from 2025 to 2032. Key market factors, including…

Elysian Raises $6M Seed Round to Redefine Insurance Claims Services with AI-Native Platform

Elysian, the AI-native third-party administrator for commercial insurance, today announced the closing of a $6 million seed round led by Portage, with participation from American Family Ventures and TenOneTen Ventures. Built to address the complexity of commercial claims, Elysian was founded by Grace Hanson, former lawyer and seasoned executive who…

Lynch Carpenter Investigates Claims in Farmers New World Life Insurance Data Breach

–Farmers New World Life Insurance Company, recently announced a cybersecurity incident, which impacted the personal information of tens of thousands of individuals. Lynch Carpenter is a national class action law firm with offices in Pennsylvania, California, and Illinois. CONTACT Jerry Wells COMPANY Lynch Carpenter LLP PHONE 322-9243 EMAIL…

Mint Announces $150 Million Investment Commitment and Initial Exchange Offering

–Green Minting Technologies, Corp., announced today the strategic investment commitment of up to $150 Million USD with GEM Digital Limited through a token subscription agreement to develop a state-of-the-art, 600- Megawatt, off-grid, renewable energy, Bitcoin mining and AI datacenter project. As part of the $150 Million USD investment commitment, Mint will…