Category: InsurTech News
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OneDegree Global & Microsoft Collaborate to Revolutionize Insurtech & Cybersecurity with Azure OpenAI
OneDegree Global and Microsoft Hong Kong announce a strategic alliance, integrating Azure OpenAI into insurtech and cybersecurity tools. This partnership introduces groundbreaking AI features, transforming traditional insurance and cybersecurity methods and highlighting the importance of tech-driven solutions in these domains.
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The Upsurge of InsurTech Startups Amidst Turbulent IPOs
Despite turbulent IPOs, the InsurTech sector remains poised for growth. While some startups have seen market value declines, others, like Lemonade, thrive. With resilience and innovation at its core, the InsurTech industry continues to attract investor interest, promising a lucrative intersection between tech and insurance.
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InsurTech’s Meteoric Rise: A Market Poised to Hit $49.78B by 2027
The global InsurTech market is projected to soar from $10.53 billion in 2022 to $49.78 billion by 2027. Factors like health awareness, technological advancements, and innovative product offerings are fueling this growth, showcasing the sector’s dynamic evolution.
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Digital Agency Mylo Named Most Innovative InsurTech Company in Third Consecutive FinTech Award
Mylo, a leader in InsurTech, has been named the 2023 Most Innovative InsurTech Company by Wealth & Finance International. This honor marks the third consecutive year of recognition for Mylo, appreciated for its cloud-based platform that caters uniquely to partners, agents, and customers, providing intelligent insurance solutions.
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Beam Benefits raises $40M to boost company value 25%
Beam Benefits secured $40 million in funding, increasing its valuation by 25% since early 2021. Georgian led the round, aiming for a 40% revenue growth for Beam through a broader benefits portfolio and platform enhancements. In 18 months, Beam introduced six new products, with plans for more. CEO Alex Frommeyer highlighted the funding’s significance.