commercial lines technology News

Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round

Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in 2016. The participation included …

Large Commercial Insurance Brokers Investing in AI, Analytics: Novarica

Large commercial brokers transacting business with multiple carriers and distributors are seeking to differentiate themselves in a competitive marketplace through improved technology such as artificial intelligenceI, analytics and workflow tools. In a new report, Business and Technology Trends: Large Commercial …

Indio, Tech Startup for Commercial Insurance Brokers, Raises $2 Million

Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth managers, said it has secured $2 million in seed financing. Venture capital firms NEA, Compound, Merus Capital and …

AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture

American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to medium-sized enterprise (SME) market. The announcement said the …