Humbrela receives €161K to build a unified insurance intelligence layer
Swiss-based startup Humbrela has secured €161,000 in funding to develop its AI-driven platform for the insurance industry. The platform aims to consolidate insurance and warranty data, providing brokers and other professionals with streamlined access to crucial information. This development addresses the need for specialized AI tools within the insurance sector, where generic models often fall short in accuracy. Humbrela's platform creates a unified intelligence layer, pulling together information from various sources like emails, portals, and PDFs. This technology automatically identifies key protections and simplifies complex policy clauses for insurance professionals. The solution is designed for all policyholders, streamlining insurance administration and improving collaboration with insurers. The platform's impact will be felt by insurance brokers, wholesale brokers, and Managing General Agents (MGAs) across Europe. By providing more accurate and timely data, Humbrela aims to improve customer service and support informed decision-making. The company has already onboarded its first brokers in Switzerland and France and is expanding its reach across Europe. The funding will allow Humbrela to enhance its AI models, broaden its integration capabilities, and strengthen compliance with European, Swiss, and UK regulations. This will enable Humbrela to scale its operations and bring its AI-powered solution to a wider audience within the insurance industry.
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