Global insurance trends

US Market: Woven Planet Buys AI Mapping Specialist

Woven Planet Holdings, Inc., a subsidiary of Toyota Motor Corporation, has announced the acquisition of CARMERA, Inc. a U.S.-based spatial AI company, which specializes in bringing next-generation road intelligence to automated mobility at scale. This […]

Global insurance trends

Greater Than’s AI Insurance is Approved in Arizona

The Insurtech 100 company Greater Than has announced that The Arizona Department of Insurance approves the company’s personalized AI-based pricing embedded into a new dynamic motor insurance offering. Greater Than’s partner in the US, CoverCube, […]

Global insurance trends

Lendbuzz Raises $360m in Series C Funding

Lendbuzz, an AI-based auto finance platform, today announced a $360 million investment, including $60 million in Series C equity financing led by Wellington Management joined by Goldman Sachs & Co and MUFG Innovation Partners, and $300 […]

Global insurance trends

Geico Partners With Tractable on Accident Repairs

GEICO, the second-largest auto insurer in the US, is partnering with Tractable to accelerate its auto claim and repair process. Tractable’s proprietary computer vision technology, trained on millions of historical claims, assesses vehicle damage like […]