Fábrica de Startups S.A.’s Post

COVU secures an additional $12.5M in Series A funding! This new round, backed by investors like Benhamou Global Ventures, ManchesterStory, and Markd, brings COVU's total funding to over $20M. With another $4M to be unlocked upon reaching key milestones, COVU is positioned for major growth. COVU, founded to empower insurance agencies with AI-native technology and human support, is set to revolutionize the insurance sector. This fresh capital will fuel expansion, accelerate platform innovation, and help agencies overcome operational challenges. Here’s how COVU is transforming insurance: 1. Combines AI technology with human support for seamless customer experience.  2. Helps agencies strengthen customer relationships.  3. Streamlines operations for higher efficiency and growth. COVU is solving a huge problem—modernizing insurance operations. If they scale their AI solutions, they’re on the path to becoming a billion-dollar disruptor. Do you think AI will redefine the insurance industry in the next decade? Ken Leibow, Marcus Klavan, David Florián González, Scott Sullivan Vikrant Jain, Zoya Khan, Valkyrie Holmes, Steve Grove, Len Adams Lawrence Lin Murata, Angelia Arellano CADCI, B.A, MSW, Frans van Hulle Tim Hwang, Wilhelm Perdahl, Puneet Sharma, Akash Magoon 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐟𝐫𝐨𝐦 𝐒𝐞𝐞𝐝 𝐭𝐨 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 : 👉 https://lnkd.in/e8XyWxcQ   #InsuranceTech #AI #Innovation

Thrilled to announce that we'll be exhibiting at TiECON East 2024!  Come visit us to discover how our Domain AI Layer is disrupting the $1 trillion P&C Insurance Industry. Meet Arnab Dey and learn how we're leveraging AI to transform insurance. Don't miss this opportunity to connect with industry leaders and explore the future of AI in insurance. #TiECONEast #TiECONEast2024 #DocLensAI #Insurance #AI #Innovation #Technology #Boston #DomainAI #Disruption #InsureTech #Startup"#InsureTech #Startup

🔗 Register now to secure your spot: https://lnkd.in/eb4a5_4P 📅 Date & Time: Thursday, Feb 1st, 12pm EST 🔍 Topic: Scaling #Insurance Agencies & How #AI Can Help LULA is excited to continue our #webinar series with another event on Thursday, February 1st. This week's will be focused on how insurance #agencies can steadily grow their businesses through optimizing workflows and utilizing AI. Our speakers are excited to speak about how they've rapidly grown their business operations in recent years and what they're looking forward to as AI continues to evolve! About LULA LULA was founded in 2020 and is an insurance #startup who has worked with nearly 5,000 small businesses to support their insurance needs. LULA has been hailed as one of the "Next Billion Dollar Startups" by Forbes and one of the "Top 50 Most Promising Startups of 2023" by The Information for their innovative insurance products, ranging from insurance for car-sharing hosts to artificial intelligence for insurance agencies. #InsurTech #InsuranceAgency #InsuranceAgent #ArtifcialIntelligence #ArtificialIntelligenceForBusiness

𝗔𝗜 𝗰𝗼𝘂𝗹𝗱 𝗯𝗿𝗶𝗻𝗴 𝗶𝗻𝘀𝘂𝗿𝘁𝗲𝗰𝗵𝘀 𝗯𝗮𝗰𝗸 𝗶𝗻 𝘃𝗼𝗴𝘂𝗲   AI ‘could be one of the best things to happen to Insurtech’ Andrew Johnston, global head at Gallagher Re Insurtech, told Insurance Insider. AI deals accounted for 28% of all deals in Q1 in the Gallagher Re Global Insurtech report. The rise of AI has featured prominently in AdvantageGo’s content hub. The opportunity for AI firms and technology in the London market is high, according to Duncan Dale, CEO of Dale Underwriting. Dale told the Voice of Insurance podcast, https://bit.ly/43TBPJ6, on April 11 that AI can improve decision making and unlock vast amounts of currently useless data. “A huge amount of information that would tell us a lot about the qualitative factors of how to best handle the claims most efficiently and get the funds in the right place,” he continued. “Just think about how many millions of pages of claims reports we’ve got sat in files that don’t tell us anything, that we can’t garner any information out of. And now we can,” he said.   https://shorturl.at/gquS4 #reinsurance #insurance #insurtech #AI #ArtificialIntelligence  

ICYMI, Gradient AI announced a $56.1 million Series C funding round led by Centana Growth Partners, with participation from MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures. Stan Smith, CEO of Gradient AI: “We are gratified to secure this significant investment that will be used to enhance our platform and deliver unparalleled value to our customers. Insurers are becoming increasingly sophisticated in their risk assessment and are focused on improving their operational efficiencies. We are helping them achieve these goals by automating processes, reducing costs, and significantly improving results.” https://lnkd.in/g6dQehWK #underwriting #claimsmanagement #insurtech #insurance #insurers Coverager® 🐿️ #AI #artifcialintelligence Centana Growth Partners MassMutual Ventures Sandbox Industries Forté Ventures

Reflecting on InsurTech Insights London, It was inspiring to see insurance industry embracing ai and genai in it’s core business and exciting to see deep collaboration between large insurance companies and startups and scale-ups. Take away? Prioritize the use of ai for what really matters and unlock the future through Venture Clientkng and partnership. Anne Negro Quiniou Aude Athimon Yann Bry Nicolas de Saint-Romain Eduardo Paz Ogle Jeanette Borre Joanne P. #insuranceinnovation #genai #insurtech

🚀 Startup Spotlight: Meet Deep Vector! 🌟 Insurance brokers and agents, meet your new ally in risk assessment: Deep Vector. Founded by Scott Knowles and Wesley Janse van Rensburg, this innovative startup launched Loss Scan in August 2023. Part of our 2023 Match accelerator, their startup revolutionizes how data from loss runs are analyzed, offering a clearer view of client risks. 📊 🛠️ What's Next? Deep Vector isn't stopping here—they're enhancing their product with a new risk scoring system, expected in early 2025, to make interpretations even easier. 🔗 Excited to see how they transform insurance underwriting? Follow Deep Vector for updates and get the full scoop on their founders in the full article on Digital Insurance. #InsurTech #Innovation #AI #InsuranceIndustry #RiskManagement

The AI Revolution in Insurance is here and it's changing the game. AI has the power to transform insurance from a grudge purchase to an invaluable partner in risk management and customer value. As we move forward, the question is no longer if we should utilise AI, but how we can do it most effectively and ethically. Don't be daunted by the AI revolution. Embrace it. It's not just the future of insurance, it's the present. And it's making the industry more dynamic, responsive, and customer-focused than ever before. Swipe below to see how Ortē Life is leading the charge and please join the conversion. __________________________________ Interested in joining us on our mission to revolutionise the insurance industry and empower individuals to lead healthier lives? Let's chat! Reach out to learn more about investment opportunities with Ortē as we look to close a pre-seed round. #AIforGood #InsuranceInnovation #HealthAndWellness #EmpoweringIndividuals #buildinpublic #firsttimefounder #startup #insurtech #welltech #investment #preseed #seis #incomeprotection #lifeinsurance #insurance #longevity

Going live at 11am PST. We will be talking about: Coffeezilla's Rabbit R1 Review, xAI $24B? Cooling Austin RE & Costly Insurance, Using AI To Coach Employees https://lnkd.in/ge4mmumE #ai #realestate #investing #insurance #startups

Gen AI in Insurance: Real-Time Use Cases for Enhanced Planning and Execution 1. Real-Time Risk Assessment AI-powered algorithms analyze live data streams from IoT devices and other sources to continuously assess risks. This real-time analysis helps insurers make dynamic underwriting decisions, leading to more accurate pricing and reduced risks. 2. Personalized Customer Interactions AI-driven chatbots and virtual assistants provide instant and personalized customer service. These tools leverage customer data to offer tailored recommendations, quotes, and claims assistance, enhancing customer satisfaction and loyalty. 3. Fraud Detection in Action AI algorithms detect fraudulent activities as they occur by analyzing patterns in claims data. Real-time fraud detection not only minimizes financial losses but also upholds the integrity of insurance operations. 4. Streamlined Claims Processing AI automates claims processing tasks, such as image recognition for assessing damages. This streamlines operations, accelerates decision-making, and improves overall efficiency, resulting in faster claim resolutions for policyholders. 5. Dynamic Underwriting and Pricing AI enables insurers to adjust underwriting and pricing strategies in response to real-time market trends. By leveraging predictive analytics, insurers can optimize pricing and product offerings to stay competitive and profitable. 👉 Take Action: Embrace AI for Future Success The transformative impact of AI on insurance is clear. To thrive in this evolving landscape, insurance professionals must embrace AI technologies: 👉 Invest in AI Solutions: Explore AI tools that enhance risk assessment, customer engagement, and fraud detection.    👉 Develop AI Talent: Equip your teams with the skills to leverage AI effectively in insurance operations.    👉 Collaborate for Innovation: Partner with AI experts and startups to co-create innovative solutions tailored to your business needs. By harnessing AI today, insurers can unlock new opportunities, streamline operations, and deliver exceptional value to customers. 📣 Looking Ahead: The Future of AI in Insurance As AI technologies evolve, the potential for innovation in insurance grows exponentially. From blockchain-enabled transactions to AI-driven predictive modeling, the future is bright for insurers who embrace AI-driven strategies. 🤝 Join the AI Revolution in Insurance Let's seize the opportunity to redefine insurance with AI. Together, we can transform risk assessment, enhance customer experiences, and drive operational efficiency. Attend GEN AI conference happening in Salem, TN on 27th April to learn more on how AI revolutionizes your industry. Register yourselves in the below link, to avail the early bird offer! Two days left to go!! 📢 https://lnkd.in/gQr7vDcx #GenAI #WomenInAi #AIRevolution #BridgeE