RAAC : HOW INSURER AXA USED AI TO IDENTIFY PROBLEM BUILDINGS
New disclosures from AXA Commercial show how the insurance giant used artificial intelligence to identify customers affected by the RAAC concrete crisis .
Concerns about the building material ’ s durability and reliability have been raised since the 1990s , but in the UK , it was not until a partial RAAC collapse in a school this summer that the issue began to mothball .
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INSURTECH UNICORN BOLTTECH TAKES ON EXTRA $ 50M IN FUNDING
Insurtech firm bolttech has taken on an extra US $ 50m in funding from Leapfrog Investments , bringing the total amount raised by the firm as part of its Series B round to a staggering US $ 246m .
The company claims it ’ s the largest ever Series B raise for an insurtech , coming four months after bolttech announced its first tranche of Series B investment , which gave it a valuation of US $ 1.6bn .
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