Shift Technology Secures $220 Million in a Series D Investment Round Led by Advent International
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PARIS and BOSTON, May 6, 2021 /PRNewswire/ Shift Technology, a SaaS provider of artificial intelligence (AI)-driven decision automation and optimization solutions for the global insurance industry, today announced the company closed a Series D investment round of $220 million. The round was led by Advent International, through Advent Tech, with participation from Avenir and others. Previous Series C participants Accel, Bessemer Venture Partners, General Catalyst, and Iris Capital also joined the round. The latest funding round brings total investment in Shift to $320 million and a market valuation of more than $1 billion. The investment will fuel the company s execution of its vision to revolutionize the policyholder experience through wide-ranging products that apply AI and advanced data science to key insurance processes.
Insurance Fraud Bureau signs landmark partnership with Shift Technology to build fraud detection system for UK insurance industry
- IFB s new system will launch in early 2022 and will use Artificial Intelligence (AI).
- With technology and fraud evolving faster than ever, the IFB and Shift s partnership is set to be a game-changer in helping to detect and prevent organised insurance fraud.
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LONDON, April 27, 2021 /PRNewswire/ The Insurance Fraud Bureau (IFB) has today announced a partnership with Shift Technology to build a powerful, new fraud detection system on behalf of the UK insurance sector.
Buckle Signs with Shift Technology for Fraud Detection
Innovative Provider of Insurance for Rideshare Drivers to use Artificial Intelligence to Identify Suspicious Claims
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PARIS and BOSTON and JERSEY CITY, N.J., April 14, 2021 /PRNewswire/ Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced that Buckle, a tech-enabled financial services company, will deploy Shift Claims Fraud Detection, one of the solutions comprising the recently introduced Shift Insurance Suite. The provider of insurance services designed specifically to meet the distinctive needs of rideshare drivers will use the technology to better spot potentially suspicious claims.
First Central Goes Live with Shift Insurance Suite to Mitigate Fraud in Application and Claims Processes
UK Motor Insurer partners with Shift Technology for cutting-edge AI-driven fraud detection
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PARIS and BOSTON and HAYWARDS HEATH, United Kingdom, Feb. 23, 2021 /PRNewswire/ First Central Insurance and Technology Group, a leading provider of insurance services, and
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced that the insurer has gone live on
Shift Insurance Suite. First Central is now using the technology to better detect hidden fraud in its claims process. First Central also announced it will soon be live on Shift products which more effectively identify potential fraud at the time of application.
Shift Technology and CRIF Collaborate in the Fight Against Insurance Fraud
MIB CUE Members Will Be Able to Access Fraud Intelligence Data from CRIF s Sherlock Service To Strengthen Shift Claims Fraud Detection Analysis
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PARIS and BOSTON, Feb. 16, 2021 /PRNewswire/
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced it has collaborated with CRIF Decision Solutions Ltd., leader in information services, fraud prevention and digital solutions. As a result, Sherlock solution will be made available to MIB CUE (Claims and Underwriting Exchange database) members via Shift s Fraud Detection and Prevention solution.