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Health In Tech Announces New Davos 2026 Panel: "First Ladies: Backing Women Who Build" Featuring Cherie Blair CBE, KC
Prnewswire· 2025-11-04 23:48
Core Insights - Health In Tech (Nasdaq: HIT) is expanding its agenda for the Independent InsurTech Summit during the World Economic Forum Week 2026 in Davos, Switzerland, highlighting its commitment to innovation and inclusivity in the insurance sector [1][3] Group 1: Event Details - The summit will feature a panel titled "First Ladies: Backing Women Who Build," focusing on women's entrepreneurship and leadership, with Cherie Blair as a featured speaker [2][4] - The event is scheduled for January 20, 2026, at 1:00 p.m. CET, and will be open to World Economic Forum participants and invited guests [5][4] Group 2: Company Initiatives - Health In Tech emphasizes its commitment to ethical AI through initiatives like AskTim, an AI benefits counselor, and HITChain, a framework for secure data validation [3][7] - The company aims to streamline processes in the healthcare industry by improving underwriting, sales, and service through vertical integration and automation [7]
TIME CEO Jessica Sibley to Headline Health In Tech (HIT) Summit at Davos 2026: "AI and the Transformation of Legacy Systems"
Accessnewswire· 2025-10-23 23:15
Core Insights - Health In Tech, an Insurtech platform, is expanding its agenda for the Independent InsurTech Summit during the World Economic Forum Week 2026 in Davos, Switzerland [1] - The summit will focus on key topics such as artificial intelligence, digital transformation in healthcare, and institutional change in blockchain [1] Company and Industry Summary - Health In Tech is backed by third-party AI technology, indicating a strong reliance on advanced technological solutions to drive its initiatives [1] - The Independent InsurTech Summit aims to gather executive-level panels, highlighting the importance of leadership discussions in the evolving landscape of healthcare and technology [1] - The focus on artificial intelligence and digital transformation suggests a strategic alignment with current industry trends, emphasizing the need for innovation in legacy systems [1]
Xceedance gains strategic investment from Portage Capital Solutions
Yahoo Finance· 2025-10-15 09:50
Core Insights - Insurtech company Xceedance has received a growth investment from Portage Capital Solutions, increasing its total capital to an estimated $100 million [1][2] - The investment will enhance Xceedance's AI-enabled solution portfolio and may lead to the acquisition of additional insurance service providers [1] - This marks the first instance of institutional equity financing for Xceedance since its establishment in 2013 [2] Company Growth and Strategy - Xceedance has experienced exceptional growth since its inception, primarily through profit reinvestment and prudent debt usage [2] - The company serves over 350 insurance clients globally and manages more than 1,000 complex property and casualty workflows [4] - Recent strategic acquisitions include Millenium Information Services and CIS Claim Services, which have broadened its service offerings and global presence [5] Market Position and Future Prospects - Xceedance is recognized as a thought leader in the insurance and technology sectors, positioning itself for continued growth amid the rapid adoption of digital solutions [4] - The partnership with Cogitate to launch the Colorado FAIR Plan in June 2025 signifies Xceedance's commitment to expanding its service capabilities [5] - Portage Capital Solutions views Xceedance as a best-in-class partner for both small innovative insurers and large established industry players [3]
Codeword Accelerates Growth With Wins Across AI, Insurtech, and SaaS
Globenewswire· 2025-10-14 14:00
Core Insights - Codeword is expanding its enterprise tech footprint by adding three new clients: Demandbase, Root Insurance, and Octave, indicating strong momentum in supporting tech-enabled growth-stage and enterprise brands [1][2] Client Expansion - The agency has experienced its highest single-quarter win rate since Q2 2025, with a 35% year-over-year revenue increase from enterprise tech brands, reinforcing its reputation as a preferred agency for brands facing market disruption [2][3] Client Profiles - Demandbase, an account-based marketing pioneer, aims to solidify its market leadership in AI through creative campaigns with Codeword [6] - Root Insurance, an insurtech innovator, seeks to transform complex technology into compelling narratives to resonate with media and audiences [6] - Octave, a SaaS company set to spin off from Hexagon, has engaged Codeword for strategic counsel, media relations, and crisis communications during its launch phase [6] Agency Expertise - Codeword is recognized for its deep domain expertise and creativity, moving away from one-size-fits-all PR to tailored strategies that meet the specific needs of enterprise tech companies [3][4]
Accenture invests in Rehuman to enhance customer engagement
Yahoo Finance· 2025-09-30 13:15
Accenture, through its venture capital arm Accenture Ventures, has invested in UK-based insurtech start-up Rehuman to improve customer engagement in the insurance sector. This investment aims to help insurance companies leverage data and AI to enhance personalised customer interactions, thereby promoting stronger customer relationships. Accenture’s financial support will allow Rehuman to expand its operations and integrate AI further into insurer and broker systems. Rehuman will also participate in Acce ...
Root: At An Inflection Point Driven By Superior AI
Seeking Alpha· 2025-09-30 12:25
Core Insights - Root, Inc. is at an inflection point where its AI superiority is expected to lead to low loss ratios [1] Group 1 - The company has been analyzed for its potential investment opportunities, indicating a cautious approach towards its stock [1] - The investment firm Libra Capital was established in 2022, focusing on deep research before making investment decisions [1] - A "hold" recommendation suggests that the stock should not be traded, as there are perceived better opportunities available [1]
Health In Tech to Host Annual Meeting of Stockholders
Prnewswire· 2025-09-10 20:30
Core Points - Health In Tech (Nasdaq: HIT) will host its 2025 Annual Stockholder Meeting on October 3, 2025, at 10:00 AM ET via virtual webcast [1] - Stockholders can participate by visiting the company's Investor Relations site and entering a 12-digit control number; guests can listen without a control number [2] - Stockholders as of the record date (August 6, 2025) will be able to vote electronically and submit questions during the meeting [3] Company Overview - Health In Tech is an Insurtech platform company utilizing third-party AI technology to enhance processes in the healthcare industry through vertical integration, simplification, and automation [4] - The company aims to streamline underwriting, sales, and service processes for insurance companies, licensed brokers, and third-party administrators [4]
Health In Tech Strengthens Leadership Team to Accelerate AI Innovation and Drive Enterprise Revenue Growth
Prnewswire· 2025-09-05 11:30
Core Insights - Health In Tech has announced strategic leadership appointments to enhance AI utilization and accelerate growth [1][5] - The company is preparing to launch a next-generation AI Engine aimed at delivering real-time insights and automating decision-making [5] Leadership Appointments - Dustin Plantholt has been appointed as Chief Artificial Intelligence & Marketing Officer, focusing on AI strategy and marketing initiatives [2][4] - Zain Hasan joins as Head of Revenue and Growth, responsible for scaling national sales operations and enhancing partnerships [2][6] Strategic Importance of AI - The CEO, Tim Johnson, emphasized that AI is central to the company's future strategy, highlighting Plantholt's expertise in AI and growth leadership [3][4] - The upcoming AI Engine is seen as a foundational milestone in transforming the company into an indispensable ecosystem partner [5] Background of New Leaders - Plantholt has extensive experience in AI architecture and was recognized as Entrepreneur's Metaverse Advisor of the Year in 2022 [4][6] - Hasan has a strong track record in the benefits and insurance sector, having successfully led organizations through acquisitions and built national distribution networks [6][7]
Roadzen Reports Best Fiscal Q1 in Company History with 22% Revenue Growth, 92% Lower Net Loss, and 50% Adjusted EBITDA Improvement Over the Same Quarter Last Year
Globenewswire· 2025-08-13 20:05
Core Insights - Roadzen Inc. reported a record first quarter fiscal 2026 revenue of $10.9 million, a 22% increase from $8.9 million in the previous year, driven by growth in India and the U.S. markets, as well as the resumption of business opportunities in the U.K. [1][4] - The company significantly narrowed its net loss to $(4.0) million from $(48.4) million year-over-year, marking a 92% improvement, and achieved a 50% improvement in adjusted EBITDA loss, which decreased to $(1.4) million from $(2.8) million [2][5] - Roadzen strengthened its balance sheet by raising approximately $4.5 million through two securities purchase transactions at a premium, indicating strong investor confidence [3][5] Financial Highlights - First quarter revenue totaled $10.9 million, reflecting a 22% increase year-over-year, with brokerage solutions accounting for 53% of total revenue, up 86% from the prior year [6][13] - Operating expenses decreased by approximately $25.0 million or 74% from the prior fiscal first quarter, leading to a loss from operations of $(2.5) million, a 92% improvement from $(30.4) million in the previous year [6][13] - Gross margin for the quarter was 58.9%, significantly up from 39.2% reported in the prior fiscal year first quarter [13] Operational Highlights - Roadzen's DrivebuddyAI platform was awarded a patent in India for its driver drowsiness detection algorithm, which utilizes AI to monitor real-time eye and facial cues [11] - The company processed 462,277 claims and vehicle inspections using its AI solutions during the first quarter, compared to 547,233 in the prior year [13] - Roadzen's partnerships and product advancements are expected to drive growth, particularly in the U.K. and India, with multiple new contracts announced [17][18] Subsequent Financial Events - On July 24, 2025, Roadzen raised $2.25 million through a private placement of ordinary shares at a 20% premium to market [10] - An additional $2.25 million was raised on July 29, 2025, through a registered direct offering with an institutional investor [10] Recognition and Market Position - Roadzen was recognized as a leading company in the Insurtech category by CNBC and Statista's 2025 list of the World's Top Fintech Companies, highlighting its role in transforming insurance through AI [16]
Health In Tech Partners with Verdegard Administrators to Elevate TPA Services Through eDIYBS
Prnewswire· 2025-07-24 20:00
Core Insights - Health In Tech has announced a collaboration with Verdegard Administrators to enhance the support provided to brokers and employer groups in the self-funded health insurance market [1][3] - The partnership aims to leverage Health In Tech's Enhanced Do It Yourself Benefit Systems (eDIYBS) platform to streamline operations and improve efficiency [1][3] Company Overview - Health In Tech is an Insurtech platform company that utilizes third-party AI technology to improve processes in the healthcare industry through vertical integration, process simplification, and automation [4] - Verdegard Administrators is a licensed third-party administrator owned by MedImpact, managing prescription benefits for over 20 million members and processing tens of billions in annual drug transactions [2] Collaboration Benefits - The collaboration allows Verdegard to access advanced digital tools and real-time quoting capabilities, which will enhance operational efficiency and provide greater control and transparency for brokers and employers [2][3] - Health In Tech's eDIYBS platform enables faster and more accurate quoting and implementation of self-funded health plans, benefiting brokers and employers with agility and cost savings [3] Market Positioning - Verdegard's scale and purchasing power help lower drug prices for employer groups, making it advantageous for cost-conscious small businesses [2] - The partnership emphasizes both companies' commitment to modernizing the self-funded insurance industry and delivering technology-driven solutions to stakeholders [3]