February 2, 2018
Re/insurance industry incumbents are fueling investments in insurtech startups, sending a clear message to potential disruptive outsiders, according to a report published by Willis Towers Watson, which detailed 2017 trends in the insurtech sector. “Re/insurers, directly and through corporate venture …
January 2, 2018
“The goal is to become HBO faster than HBO can become us,” the chief content officer of Netflix said four years ago. In the insurance world, InsureTech Connect Conference founder Caribou Honig thinks traditional insurers and insurtech startups are facing …
December 18, 2017
InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf between insurers and customers who struggle with …
December 15, 2017
American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked Insights. American Family is a Networked Insights client and has been …
December 14, 2017
Gibraltar’s financial services watchdog will introduce the world’s first bespoke license for “fintech” firms using blockchain distributed ledger technology (DLT) from next month in a bid to attract start-ups to the British overseas territory as it prepares for Brexit. The …
December 12, 2017
Quantemplate, a London-based insurtech firm that specializes in machine learning data transformation and analytics, announced that David Lundgren has been appointed CEO and board director. The company has also received £2.5 million (US$3.3 million) of new capital to accelerate its …
December 6, 2017
Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology entrepreneurs John Hering and Joshua Motta, and …
December 6, 2017
Artificial intelligence startup Cytora has raised $5.9 million in new financing from investors including divisions of QBE’s venture capital arm and Starr Cos. QBE Ventures, Starr Global Holding, Cambridge Innovation Capital, Cambridge Enterprise and Parkwalk Advisors all participated in the …
December 6, 2017
On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK’s Financial Conduct Authority. At the same time being formally admitted into the …
December 4, 2017
Octo Telematics, the the London-based provider of telematics for the auto insurance industry, announced it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson, which was announced on Oct. 11, 2017. The financial details of …