Insurance agencies are adopting AI tools to automate quoting, customer service, and claims processing. These advances could mean faster service and better rates for drivers seeking car insurance.
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UK Insurer Launches Tech MGA for Specialty Coverage
Convex Group launched Kinetic Insurance Services, a technology-enabled managing general agency targeting specialty insurance lines. The UK-based MGA will leverage tech and underwriting expertise to deliver tailored solutions starting in Q4 2026.
AI Insurance Startup Corgi Raises $106M in Funding
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 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.
AI Insurance Platform Acquisition Signals Tech Shift
Prestige Trucking Insurance has acquired Mulligan, an AI-powered insurance automation platform, rebranding it as Insure Stack. The move represents the growing adoption of artificial intelligence in insurance operations and workflow automation.