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The InsurTech was responding to an online controversy over whether its AI-based claims-handling process could be discriminatory.
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Perdiguerra managed the Northwest technology and cyber teams at Hiscox, and had previously been with AIG.
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The $15mn in top-up funding brings the total raised by the cyber program manager to $162mn.
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Management should examine the relationship between company strategy, broader market cycles and short interest.
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Prymas spent 17 years at The Hartford, where he rose to lead the carrier’s cyber, professional liability and financial lines team.
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The California-based company was launched in 2019, and focuses on risks in the small fleet trucking market.
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Mile Auto, an InsurTech offering a pay-per-mile model, said on Monday it secured $10.3mn in Series A funding led by Ulu Ventures.
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Continued capital depletion could result in additional pressure on management teams with regard to executing their original business plans.
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In a deal that would value the start-up at more than $1bn, Kin could become the latest InsurTech to pass the unicorn threshold.
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Although InsurTech has been a disruptive force, profitable growth remains highly elusive.
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The amount of special purpose acquisition company (SPAC) capital currently available points to a continued elevated period of InsurTechs using SPACs as a means to go public, according to a panel of investors in the sector.
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Root’s reinsurance buyer Espinoza said that reinsurers had been receptive and appreciative.