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Cyber Insecurity: A Boon for Insurers

CTOvision

Do you have good cyber insurance? An explosion in perceived cyber threats will lead to an explosion of attention to managing cyber risk, and that attention means booming business for cyber insurers. The Target theft cost the company $441 million in their fourth quarter!

Insurance 266
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Tech Moves: Seattle tech vet joins insurance tech startup; Cyemptive Technologies adds exec

GeekWire

Former Microsoft and Amazon Alexa engineering leader Sonny Patel was named CTO and CPO of insurance tech startup Socotra. Socotra Photo) — Sonny Patel was hired by San Francisco-based insurance tech startup Socotra as CTO and CPO. Founded in 2015, Socotra sells cloud-based tools for insurance tech companies.

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Goodbill raises $2M and expands customer base to unearth and challenge medical billing errors

GeekWire

Goodbill Photo) Goodbill , a startup working to reduce medical costs to patients and a subset of insurers, has raised $2 million in new capital and expanded its market. But employers and administrators of the self-funded plans wanted the company to get involved upstream and tackle the charges being billed to them.

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BirchAI, spinout from Seattle’s AI2 Incubator, acquired by health-tech company Sagility

GeekWire

(BirchAI Photo) Seattle-based BirchAI , a startup that builds software to streamline customer support for healthcare companies, announced Tuesday that it is being acquired by Sagility , a Denver-based health-tech company. The company was launched in June 2020 by CEO Kevin Terrell , CTO Yinhan Liu and Austin-based COO Sumant Kawale.

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How digital turned Nationale-Nederlanden into an omnichannel company

CIO Business Intelligence

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. For instance, the company completed its conversion to a 100% Agile company in 2019, an achievement that reinforced its commitment to clients.

Company 128
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Tech Moves: Former Rover CTO joins moving startup Dolly; Egencia’s CFO to depart; and more

GeekWire

Former Rover CTO Scott Porad joined peer-to-peer moving service Dolly as chief technology officer. I really enjoy this period in a startup company, when they are poised on the brink of tremendous growth,” said Porad. Based in San Francisco, Metromile is a publicly traded company founded in 2011.

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AI2 spinout MajorBoost uses artificial intelligence to help medical providers deal with insurance calls

GeekWire

A new health-tech spinout from Seattle’s Allen Institute for AI (AI2) aims to reimagine how doctor’s offices and insurance companies communicate with each other, using artificial intelligence to deal with time-consuming phone calls. The company is hiring for several roles. MajorBoost co-founder and CEO Lekshmi Venu.