IAG chief executive Nick Hawkins has pledged to improve technology, processes and accountability following a $427 million loss largely driven by risk management failures.
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Arturo Raises $25 Million in Series B Funding for AI Platform to Help P&C Insurers and Banks Better Understand Physical Properties
April 27, 2021 GMT
Some of the insights Arturo’s AI engine is able to deduce from aerial, satellite and stratospheric photography (Photo: Business Wire)
Some of the insights Arturo’s AI engine is able to deduce from aerial, satellite and stratospheric photography (Photo: Business Wire)
CHICAGO (BUSINESS WIRE) Apr 27, 2021
Arturo, an AI-powered platform that derives property insights and predictive analytics from aerial and satellite imagery, raised $25 million in a Series B funding round led by Atlantic Bridge Capital, with participation from RPS Ventures and existing investors Crosslink Capital and IAG Firemark Ventures – the venture capital fund for IAG, Australia’s largest general insurer.
Roy Morgan Research RAA marginally ahead of RACT, RAC and Shannons for general insurance customer satisfaction
Country: Source: Roy Morgan Single Source (Australia). Jan-Dec 2019, n = 38,954; Jan-Dec 2020 n = 37,655.
Base: Australians 14+ who held General Insurance Policies.
The latest Roy Morgan General Insurance Satisfaction report reveals South Australian-based RAA had the highest general insurance satisfaction at 94% in December 2020, an increase of 3% points on a year ago.
Just behind RAA are Tasmania’s RACT with a customer satisfaction of 92% (down 1% point), Western Australia’s RAC on 92% (up 5% points) and Suncorp Group owned Shannons on 91% (up 1% point).
The largest improvement among the leaders for general insurance satisfaction has been by the Suncorp Group’s Bingle which increased customer satisfaction by 8% points during 2020 to an impressi
Why the Suncorp (ASX:SUN) share price is on watch
Ken Hall | April 16, 2021 9:08am |
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Suncorp Group Ltd (ASX: SUN) share price is one to watch today after a litigation update from the Aussie insurer.
Why is the Suncorp share price in focus?
A Suncorp subsidiary is facing Victorian Supreme Court proceedings related to the sale of add-on insurance products. That subsidiary, AAI Limited, has received a representative proceeding for the sale of add-on insurance through MTA Insurance.
The proceedings were lodged by Maurice Blackburn and are targeting add-on car insurance sold by MTA.
Suncorp said that it is currently reviewing the matter and it intends to defend the class action. The Suncorp share price will be one to watch following the latest update.