Now Insurance coverage, a San Francisco-based AI-enabled business insurance coverage platform specializing in medical skilled legal responsibility protection, has secured an undisclosed quantity in funding from Arch Capital Group. The funding might be used to launch a brand new suite of medical malpractice merchandise, scale their platform, and broaden distribution networks.
Based in 2019, Now Insurance coverage is a data-driven, AI-powered Insurtech firm that provides a spread of customizable and versatile protection choices for contemporary physicians and healthcare suppliers. CEO Philip Cabaud leads the corporate in using applied sciences similar to predictive analytics and machine studying to ship tailor-made insurance coverage options.
This latest funding from Arch Capital Group will allow Now Insurance coverage to additional improve its choices within the medical skilled legal responsibility house. The corporate goals to supply physicians and healthcare suppliers with complete protection choices that deal with their distinctive wants and necessities.
By leveraging AI and information analytics, Now Insurance coverage can analyze danger components and be certain that their protection plans are precisely tailor-made to particular person purchasers. This method permits healthcare professionals to have peace of thoughts whereas being protected towards potential liabilities.
The funding from Arch Capital Group demonstrates the popularity of Now Insurance coverage’s revolutionary method to business insurance coverage and its potential to revolutionize the business. With this funding, Now Insurance coverage will be capable to scale its operations, attain a wider community of distribution companions, and proceed to supply cutting-edge insurance coverage options to the healthcare sector.
Now Insurance coverage’s partnership with Arch Capital Group is anticipated to propel the corporate’s development and solidify its place as a pacesetter within the medical skilled legal responsibility insurance coverage market. Because the healthcare business evolves, the necessity for specialised insurance coverage protection turns into more and more essential, and Now Insurance coverage is well-positioned to cater to those evolving calls for.
Supply: FinSMEs
