Veridion raises $6 million to finance their proprietary APIs’ to benefit insurance industry

insuretech news

Veridion aims to “deepen” AI comprehension within the business landscape. The new-age data vendor is making the most of the AI (artificial intelligence) revolution and has announced the $6 million round financing and launch of their proprietary, self-service “Match & Enrich APIs”. Specializing in Firmographic Data, Veridion has specifically trained their APIs (Application Programming Interfaces) to understand the global business landscape, providing their clients – a number of which are high-profile insurtechs and insurance carrier – with the ability to access reliable data on 80 million businesses around the world.…

Read More

Turkey to require proof of insurance from oil tankers

Proof of insurance - Turkey

This move is expected to add bite to the sanctions from the international community against Russia. Turkey has announced that it will begin requiring that oil tankers making their way through the Bosporus shipping strait must provide proof of insurance. This step could prove challenging to the massive crude exports coming from Russia. Ships carrying crude through that waterway will need to present an official insurer’s letter. The oil tanker proof of insurance will need to state that the insurer is willing to provide adequate coverage for that specific vessel,…

Read More

Protecting Your Business: 3 Ways to Safeguard Your Company

Every industry is subject to specific regulations, runs different processes, and operates on varied morals and values. Yet, most companies are united by various risk factors that may impact their revenue, online security, reputation, and lifespan. New and experienced entrepreneurs can’t afford to ignore the threats to your business, as ignorance will not be bliss when facing a lawsuit, a substantial fine, or a cyberattack. Protect your business and read these three ways to safeguard your company. The tactics could be crucial to your company’s survival and success. 1. Purchase…

Read More

How to Make Your Insurance Company More Accessible

In order to shake the idea that all insurance companies are untrustworthy, hard-to-reach opportunists, you’ll need to do your part to prove to your customer that you are indeed looking out for their best interests.  Perhaps one of the best ways to do this is to make sure your insurance company is as accessible as it possibly can be.  From your digital presence to your physical premises and your marketing content, you need to make sure it’s inclusive for it to be effective, and for everyone to benefit from your…

Read More

Keep homeowners liability insurance rates down with dog training tips

homeowners liability insurance dog bite insurance

Knowing how to keep your pet under control can translate into a lower risk of premiums-hiking incidents. Most dogs are wonderful furry family members, which means that you’d never really think of the connection between Rover and how much you pay for homeowners liability insurance. However, losing control of your pet could lead to lawsuits, insurance claims, and other problems you may never have considered. Responsible dog ownership means keeping control, and that typically requires basic training. By taking the proper steps to prevent avoidable problems, you can keep your…

Read More