AI-powered insurance platform Corgi raised $106 million in funding, reaching a $2.6 billion valuation. The investment highlights growing interest in using artificial intelligence to transform insurance services for consumers.
AI insurance
AI Insurance Revolution Hits Coastal Property Markets
Lilypad Insurance has appointed machine learning patent holder Rajiv Matta as chief innovation officer to revolutionize coastal property insurance using artificial intelligence. The move signals a broader industry shift toward tech-driven risk assessment in vulnerable coastal markets.
Fleet Tech Demo Shows Future of Driver Monitoring
Insurance companies are demonstrating advanced AI and telematics tools for commercial fleets that preview how personal auto insurance may evolve, with real-time driver monitoring becoming standard.
New AI Cyber Insurance Could Signal Auto Industry Shift
A specialty insurer’s launch of AI-focused cyber coverage for large businesses may preview how auto insurers will handle connected vehicle risks. The new product covers AI incidents and quantum computing threats, suggesting the insurance industry is preparing for digital risks that could soon affect drivers.
AI Claims Processing Speeds Up Insurance Settlement
Hippo Holdings deployed AI-driven claims processing that handles 70% of claims digitally and reduces initial contact time to under two hours. The technology could signal industry-wide changes for how drivers and homeowners file and track insurance claims.