AFL Insurance Brokers Ltd. announced that re/insurance broker George Stagg has joined the company to lead its technology incubator division as associate director, innovation. Stagg joins from RK Harrison, where he was most recently a terrorism political violence and war …
Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 million from investors led by Crosslink Capital with participation from …
Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular – may be poised to outpace U.S. and European counterparts developing insurtech innovations. Unencumbered by legacy systems, technology innovators in emerging markets are often able …
Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. The FSB, which coordinates financial regulation across the Group of 20 …
QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal comes as the Australian insurer’s venture arm closed …
Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance payout in case a flight is canceled or delayed. “The frustration of a flight delay or …
Insurdata, an insurtech firm that provides re/insurance underwriters with property-specific data to support their pricing, underwriting and portfolio management decisions, announced it has raised over $1 million in seed financing from investors including Menlo Ventures, Anthemis Group, and Plug and …
Digital business insurance agency CoverWallet said it has closed a $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr and Two Sigma Ventures. The firm uses analytics …
Lemonade announced Tuesday that it launched a public API (application programming interface), allowing anyone to seamlessly offer Lemonade policies through their apps or websites. The insurtech home insurer announced: “Today, we’re thrilled to announce that we’re opening up the Lemonade …
The world sits on the precipice of the fourth industrial revolution, as a coming wave of disruptive technology in fields like artificial intelligence, machine learning, the mobile internet and 3-D printing remake entire industries and open up untold possibilities in …
