JOHNSTON – Commercial property insurer FM Global has invested $1 million in RiskGenius, an insurtech company that uses artificial intelligence and machine learning to automate underwriting.
“As we look to the future and the evolving landscape of property insurance policy issuance, AI and machine learning offer FM Global great opportunities to enhance our clients’ experience,” said Michael Lebovitz, FM Global’s senior vice president of innovation, in a statement.
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FM Global recently provided $250,000 to AirWorks Solutions, an aerial mapping and surveying startup, technology the company said it can use in identifying risk and preventing loss.
Susan Shalhoub is a PBN contributing writer.
