Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
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...
Trov in California Closes $45M in Series D Financing for Insurtech
Apr 6 2017 // San Francisco, Calif.-based Trov announced that it has closed $45 million in Series D funding led by Munich Re/HSB Ventures, bringing its total funding to just over $85 million. All of Trov’s Series C investors...
Through the Roof: Drone Startup Cites Milestone of 6,000 Inspections
Apr 6 2017 // BetterView, an insurance technology startup that captures and analyzes data from drones, said it has performed more than 6,000 roof top inspections for insurers since its inception two years ago. San Francisco, California...
Expect Another Active M&A Year with Tech Gaining Interest, Says Conning
Apr 6 2017 // Signs point to 2017 being another year of “robust” mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, Conning said...
Forget Insurtech. What About Us? Young Agents Speak Out in Annual Survey Report
Apr 3 2017 // Young agents want more tech tools to compete. With so much attention lavished on insurtech startups that vow to replace them, young insurance agents feel they are being shortchanged in the race to invest in insurance...
Insurtech Startups Take Note: Traditional Insurers Score Highest Ever Satisfaction Grades
Apr 3 2017 // Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year, and these claimants are now giving insurers their highest ever satisfaction...
Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding
Mar 31 2017 // Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured into them globally is going into artificial intelligence and internet of things...
Trump Wants Business Ideas to Spur Government Innovation
Mar 29 2017 // President Donald Trump is establishing a new White House office run by his son-in-law that will seek to overhaul government functions using ideas from the business sector. Trump announced the White House Office of American...
How Republicans Can Unravel Obamacare Without Repealing It
Mar 27 2017 // Republicans may have failed to overthrow Obamacare last week, but there are plenty of ways they can chip away at it. The Trump administration has already begun using its regulatory authority to water down less prominent...
Robots Could Steal 32% of Jobs in UK Financial Services by 2030: PwC
Mar 24 2017 // Approximately 32 percent of existing UK jobs in financial services and insurance could be automated by robotics and artificial intelligence (AI) over the next 15 years, according to a new study by...
