Munich Re and Friss extend partnership
Who’s involved: Dutch fraud detection software provider, Friss, and Munich Re.
What’s happening: Munich Re and Friss have extended their partnership following their cooperation in Latin America and Iberia. Both parties have now agreed to support insurance companies worldwide.
Significance of development: Both parties said insurers will benefit from more efficient operations, a fast-track customer service and artificial intelligence-powered fraud and risk offerings.
Ageas UK selects SightCall video claims platform
Who’s involved: UK motor insurer Ageas andSightCall, a provider of augmented reality- powered visual support technology.
What’s happening: Ageas UK has selected SightCall’s platform as part of its claims management process.
Significance of development: The partnership means customers of Ageas UK can live stream their claims directly to a claims consultant through their smartphone. This aims to make it easier to perform assessments remotely.
Slice announces Duuo insurance products built on cloud platform
Who’s involved: US-based insurance cloud platform provider Slice Labs and Canadian insurer, The Co-operators Group.
What’s happening: Duuo, a digital insurance brand from The Co-operators Group has launched insurance products built on the Slice insurance cloud services (ICS) platform.
Significance of development: With Slice ICS, Slice said Duuo can quickly create insurance products that fill the gaps of legacy insurance models.
Gradient AI secures $6m in funding
Who’s involved: US artificial intelligence insurance software provider, Gradient AI,venture capital firm Forte Ventures and investor Sandbox Insurtech Ventures.
What’s happening: Gradient AI has raised $6m in series A financing led by Forte Ventures and investor Sandbox Insurtech Ventures. The funding round also includes participation from Gradient’s existing investor, MassMutual Ventures.
Significance of development: Gradient AI said the funding would meet demand for AI and machine learning and drive further growth.