is pleased to announce it has partnered with non-profit organization Leading Cities to launch the QBE AcceliCITY Urban Resilience Challenge for the third consecutive year. The global competition accelerates the growth of start-up companies transforming cities worldwide.
The Challenge is designed to harness and support technology innovations that create more resilient cities with solutions that address risk, equity, and sustainability. As an organization we are uniquely positioned to help people and businesses build resiliency against emerging risks. It s evident that our cities are in critical need of more resilient solutions to react in difficult times, said Todd Jones, CEO of QBE North America and President of the QBE Foundation. The QBE Accelicity Resilience Challenge exemplifies our dedication to create meaningful change and provide needed resources to help people and communities successfully achieve their ambitions.
QBE seeks entrepreneurs and start-ups to create more resilient cities apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI January 19, 2021
Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week.
Freestyle.VC led the funding round, with participation from Blue Fog Capital, Fontinalis Capital Partners, Concrete Rose, Uprising Ventures and Backstage Capital.
Loop, a B-corp, uses artificial intelligence, big data and telematics in its proprietary auto insurance pricing model that measures road safety and customer driving behavior on the roads. The startup’s executives are committed to the idea of replacing the demographic factors like credit score and ZIP code traditionally used in pricing. They argue that those factors perpetuate structural bias against vulnerable communities, while Loop’s AI-based approach prices customers more equitably.