Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Virginia Tech Scientists: BP Oil Spill Caused $17.2B in Natural Resource Damage
May 1 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
In Denial Over Disruptive Technologies
May 1 2017 // There’s an apparent lack of awareness among many risk professionals on existing and emerging technologies, including telematics, sensors, the Internet of Things (IoT), smart buildings and robotics, and their...
How Future Tech Could Change Risk and Loss: Allianz Report
May 1 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according to a report published by...
Online Rideshare Insurance Offering Debut by CoverHound
May 1 2017 // CoverHound is getting into the rideshare insurance business. The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for...
Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards
Apr 28 2017 // Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at...
How Drivers Dress-Up Old Cars with New Safety Tech
Apr 28 2017 // Old cars can learn new tricks. For a few hundred dollars, drivers can add new safety technology — like forward collision warning systems or backup cameras — to older cars. Cars are lasting longer than ever thanks to...
RIMS 2017: Risk Managers in Denial Over Disruptive Technologies
Apr 25 2017 // The 14th annual Excellence in Risk Management report finds an apparent lack of awareness among many risk professionals on existing and emerging technologies including telematics, sensors, the Internet of Things (IoT),...
Society Must Prepare for Disruptive New Technologies, Warns Alibaba Chairman
Apr 24 2017 // Alibaba Group Holding Ltd. Chairman Jack Ma said society should prepare for decades of pain as the internet disrupts the economy. The world must change education systems and establish how to work with robots to help soften...
AXA Taps Telefonica’s Benjamins as CDO, Head of Data Innovation Lab
Apr 21 2017 // AXA has appointed Richard Benjamins as chief data officer (CDO) of the AXA Group and head of the Data Innovation Lab (DIL), effective May 2. Benjamins will report to Benoît Claveranne, chief transformation officer (CTO)...
BP Oil Spill Caused $17.2 Billion in Natural Resource Damage: Virginia Tech Scientists
Apr 20 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
W.R. Berkley Adds Insurance Technology Analyst from Goldman to Investment Team
Apr 20 2017 // W.R. Berkley Corp. has hired a former Goldman, Sachs & Co. analyst to evaluate potential investments in emerging insurance technology companies. The executive, Michael Nannizzi, will be part of Berkley’s...
CoverHound Launches Online Rideshare Insurance Offering
Apr 20 2017 // CoverHound is getting into the rideshare insurance business. The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for...
Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report
Apr 20 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz...
Insurers Increasingly Embrace Robots over Humans for Customer Service
Apr 19 2017 // Frustrated with automated answering machines before you finally get to speak with a customer service representative? When it comes to insurance, you’ll just as likely end up dealing with a robot as a human within...
China’s Baidu Plans July Launch of Self-Driving Car Technology
Apr 19 2017 // Baidu Inc. said on Tuesday it would launch its self-driving car technology for restricted environment in July before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020. The...
Oklahoma Commissioner to Host Healthcare Innovation Summit
Apr 17 2017 // Mobile apps, wearable heart monitors and high-tech shoe soles could help solve some of America’s healthcare problems. These cutting-edge products are among the topics up for discussion at the Healthcare Innovation...
China’s Ant Financial Raises Bid for Fintech Firm, MoneyGram, by 36%
Apr 17 2017 // China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces...
Insurtech Microinsurance Specialist, BIMA, Gets $16.8M Investment
Apr 10 2017 // BIMA, the insurtech firm that offers microinsurance in emerging markets, announced the close of an investment of US$16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad, one of Asia’s...
Iowa’s Global Insurance Accelerator Lands DuPont Innovation Award
Apr 7 2017 // The Global Insurance Accelerator (GIA) has been selected as this year’s winner of the DuPont Pioneer InnovationLEADER Award by innovationIOWA Magazine, an annual publication of the Des Moines Business...
