In a groundbreaking exploration of AI in insurance, the 2024 Ethical AI in Insurance Consortium Survey has uncovered a critical juncture for insurers: while 80% of companies are either already using AI for business decisions or plan to do so within the year, they encounter substantial challenges pertaining to cost, data quality, and bias.
Tag: AI underwriting
AI Insurtech Planck Raises $16M, Backed by Nationwide & HDI
Artificial Intelligence (AI) data platform Planck has announced that it secured $16 million in its series B funding round, bringing its total investment amount to $28 million. The round was led by Team8 Capital, with participation from all existing investors (Viola FinTech, Arbor Ventures, Eight Roads) alongside new strategic investor additions Nationwide and HDI Group.… Continue reading AI Insurtech Planck Raises $16M, Backed by Nationwide & HDI