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Markel Announces Collaboration with Insurate to Advance Middle-Market Workers Compensation Through AI and Innovative Safety Scoring
- Markel Insurance announced a strategic collaboration with insurtech firm Insurate on June 6, 2025, to advance middle-market workers compensation solutions in the United States.
- Following a comprehensive evaluation and thorough review, Markel selected Insurate for collaboration, valuing its advanced AI technology and strong industry knowledge as key to entering this market segment.
- The collaboration combines Markel's underwriting strength and network with Insurate's AI algorithms that analyze large datasets to generate nuanced safety insights and support accurate risk assessment and pricing.
- Joe McIlhon, CEO of Insurate, expressed excitement about partnering with Markel, highlighting the company's strong underwriting expertise, strategic long-term vision, and genuine appreciation for the sectors it supports.
- This partnership aims to enhance workplace safety, protect workers, and reward businesses committed to safety excellence by offering tailored workers compensation solutions for the vital middle market.
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Markel announces collaboration with Insurate to advance middle-market workers compensation through AI and innovative safety scoring
RICHMOND, Va., June 5, 2025 /PRNewswire/ -- Markel Insurance ("Markel"), the insurance operations within Markel Group Inc. (NYSE: MKL), announced today a strategic collaboration with Insurate, an innovative insurtech company specializing in the middle-market workers compensation sector. Insurate leverages artificial…
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Markel partners with Insurate to enter middle-market workers comp. sector
Markel Insurance, the insurance arm of Markel Group Inc., has entered into a strategic collaboration with Insurate, an insurtech specialising in the middle-market workers’ compensation sector. Markel explained that, after careful market analysis and due diligence, it identified Insurate as the right market entry partner, recognising its combination of deep industry expertise and a sophisticated high-technology background. The collaboration aims …
Markel announces collaboration with Insurate to advance middle-market workers compensation through AI and innovative safety scoring - IT News Direct
RICHMOND, Va., June 5, 2025 /PRNewswire/ — Markel Insurance (“Markel”), the insurance operations within Markel Group Inc. (NYSE: MKL), announced today a strategic collaboration with Insurate, an innovative insurtech company specializing in the middle-market workers compensation sector. Insurate leverages artificial intelligence (AI) and next-generation safety scoring methodologies to underwrite and manage complex workers compensation risks. This…
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