Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Interest in Insurtech Expected to Remain Hot in 2017
Mar 6 2017 // Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report by KPMG. In the coming year, most insurtech...
Mentor-Driven Global Insurance Accelerator Is Enjoying its Own Growth-Spurt
Mar 6 2017 // A three-year-old Des Moines, Iowa-based business startup accelerator focused solely on the global insurance industry has developed into a streamlined organization with more applicants, more investors and more mentors than...
UK Auto Insurers Face Disruption from Mobile Phone & Tech Companies
Mar 3 2017 // Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its...
UK, Canada Regulators Sign Agreement to Help Expansion of Fintech Firms
Feb 27 2017 // British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other’s markets, they said on Wednesday. The agreement between the UK’s Financial...
Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report
Feb 23 2017 // Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report published by KPMG. In the coming year, most...
Snoozing While Cruising Argues for Full Autonomy in Vehicles
Feb 21 2017 // As Ford Motor Co. has been developing self-driving cars, the U.S. automaker has started noticing a problem during test drives: Engineers monitoring the robot rides are dozing off. Company researchers have tried to roust...
Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team
Feb 17 2017 // Beazley, a specialist in cyber and data breach response insurance, has appointed Michael Tewfik as a technology, media and business services underwriter focused on addressing the data breach and cyber security risks of...
Sapiens to Acquire Insurance Tech Firm StoneRiver for $102 Million
Feb 15 2017 // Israel-based insurance software firm Sapiens International Corp. has agreed to acquire privately-held insurance technology firm StoneRiver Inc. for approximately $102 million in cash. Headquartered in Denver,...
Fire Destroys Virginia Tech Research Building, Estimated Damage up to $1.3M
Feb 15 2017 // Officials say a fire destroyed a research building at Virginia Tech. Media outlets report it happened at the Prices Fork Research Station on Sunday night. Bob Schubert, the College of Architecture and Urban Studies’...
Insurance CEOs More Concerned Than Others About Disrupters: PwC
Feb 14 2017 // Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their revenue growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC...
U.K. Tech Startups Weigh Moving HQs to Continent on Brexit Worries
Feb 14 2017 // British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, U.K. tech entrepreneurs are now girding for...
Facebook Co-Founder Leads Financing for Online Health Insurance Startup
Feb 10 2017 // Facebook Inc. co-founder Eduardo Saverin’s B Capital Group has led a new financing round for a Singapore-based online health insurance service that values the startup at $100 million. Singaporean government...
New Venture Capital Firm Looking for Insurtech Startups
Feb 8 2017 // The insurance industry has a new venture capital firm looking to make early to growth-stage investments in innovative insurance technologies. David Miles, a 30-year insurance investment veteran and owner of the insurance...
Blockchain Insurance Industry Initiative B3i Grows to 15 Members
Feb 6 2017 // The Blockchain Insurance Industry Initiative B3i, which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 members from its original five. Members of the B3i...
Illinois Insurance Department Settles with Human Resources Startup, Zenefits
Feb 3 2017 // Illinois has become the 17th state to reach a settlement with a California-based human resources software startup for alleged insurance code violations. Illinois Department of Insurance investigators found the startup...
A Look at Smart Buildings and Construction Risks
Feb 3 2017 // With “smart” building becoming the gold standard in today’s commercial construction world, builders, building owners, workers and insurers are dealing with new technologies and risks. These smart...
RSA Insurance Invests in UK Dog Care Fintech Company, Pitpatpet
Feb 1 2017 // RSA Insurance has made its first external investment in a fintech company, Pitpatpet Ltd., the Cambridge, England-based creator of the PitPat dog activity monitor and dog care intelligence data platform. PitPat attaches...
Re/Insurers Can Help Bridge Protection Gap with Technology: GA Report
Jan 31 2017 // Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural disasters, according to a...
Munich Re America Names Mozeika to New Insurtech Post
Jan 30 2017 // Munich Reinsurance America has created a new strategic position in its Reinsurance Division to help clients seize opportunities resulting from the rapidly developing field of insurtech. Robert Mozeika will assume the new...
How State Insurance Regulators May Help Insurers Innovate
Jan 30 2017 // Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would refocus their efforts in...
