101 Weston Labs

In a recent survey, 3 out of 4 business leaders in the insurance industry claimed that they planned to increase their technology budgets throughout 2025. What's driving the spend? According to PropertyCasualty360, it is a goal of process automation. Read more at https://lnkd.in/e6a4jNk9 #InsurTech #TechSpend #Automation

Is the "AI-driven" wave of #InsurTech losing steam? In a panel discussion with InsuranceNewsNet, a group of industry experts discussed how meaningful innovation, more so than strictly generative artificial intelligence, is needed to drive insurtech business and development in 2025. Read more now at https://lnkd.in/e6tNVmUG #AI

The team at Scout InsurTech recently interviewed Francisco Joao Lopes ☂️📞, one of the Co-founders and CEO of Sonant AI about the companies efforts to build AI support staff for the insurance industry. Read more in the interview now at https://lnkd.in/gauaQTYu #AI #InsurTech

What are the legal and regulatory implications on AI for InsurTech? The National Law Review has discussed how conversation and actions on AI regulation may have potential impact on future innovation and use. Read more now at https://lnkd.in/eRSWndyj #AI #InsurTech

Congratulations to Clayton Fuchs, MBA and our program alums at QuoteWell on his achievement in being named as a "2025 Top Specialist Wholesale Broker" by Insurance Business America! Read more now at https://lnkd.in/gJZkaTpu #InsurTech #Insurance

Our #101WestonLabs founders at Kay.ai have announced the completion of a $3 million funding round. The raise was led by Wing VC, with participation from South Park Commons, 101 Weston Labs, and several angel investors. "The U.S. Bureau of Labor Statistics projects that the insurance industry will face a shortage of nearly 400,000 workers by 2026," said Vishal Rohra, co-founder and CEO of Kay.ai. "Despite this looming talent shortage, brokers and agencies still spend up to 80% of their time on paperwork, weighed down by archaic systems and misaligned incentives. We eliminate that burden and act like a digital co-worker that handles the most tedious tasks, so their team can focus on high-value work.” With AI co-workers, Kay introduces new technology that goes beyond traditional software or legacy RPA tools. Learn more now at kay.ai Achyut Joshi #Fundraise #InsurTech

Launching our newest innovation for agent data storage - #Floppy 💾 For too long, agents have had to store sensitive data on cloud servers and drives. Now, we can condense that data into hundreds of physical disks with labels that can be misplaced constantly. #AprilFools

The recent Gallagher Re research placed the #InsurTech marketplace funding total around $4.25 billion for 2024. That includes a Q3 total that saw a sharp increase in "mega-rounds" and a continued emphasis on AI. Read more now at https://lnkd.in/eryeXfvJ #InsurTech

Unstructured data. It is one of the most consistent issues for technology across the insurance industry. So, how does - or will - generative AI play a role in solving this problem? Digital Insurance discussed the potential in a recent article. Read more now at https://lnkd.in/dxmMwrK5 #AI #InsurTech

Thank you to Scout InsurTech for featuring Cody Eddings and the #101WestonLabs team at SnapRefund in your spotlight series! "The idea started when my co-founder, Anis, saw a gap in access to financial literacy and tools, particularly for people from underserved backgrounds. Initially, we considered a peer-to-peer payment platform, but after exploring different business-facing payment flows, we identified major inefficiencies in the insurance industry." Check out the full interview at https://lnkd.in/gYXEkxMi