Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
XL Catlin Invests $4M in Insurtech Microinsurance Startup, Stonestep
Dec 19 2016 // XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The...
Allstate Continues Its Technology Drive, Invests in Autonomous Vehicle Research at Stanford
Dec 15 2016 // Allstate Insurance Co., the nation’s largest publicly-held personal lines insurer, is continuing its drive into new technology, agreeing to a multi-year research project with the Intelligent Systems Laboratory at...
U.S. Sees Mandate on Talking Vehicles Cutting Road Crashes, Deaths
Dec 14 2016 // U.S. automobile regulators want passenger cars and light trucks to wirelessly stream data about their movements and monitor other vehicles so they don’t crash into each other. All new light-duty vehicles would be...
Efma & Accenture Invite Entries for 2nd Annual Innovation in Insurance Awards
Dec 8 2016 // Efma and Accenture have issued a joint call for entries for the second annual Innovation in Insurance Awards, with insurance and bancassurance companies invited to submit their entries by March 8, 2017. The Innovation in...
Allianz Worldwide Partners Hires Wuensche as Head of Global Market Mgmt & Innovation
Dec 6 2016 // Allianz Worldwide Partners* has appointed Matthias Wuensche as director, Global Market Management and Innovation, where he “will play a leading role in developing new product and service offerings and position...
FinTech Startup, ‘Number26,’ Grows in Europe, Offering Banking, Insurance
Dec 6 2016 // Smartphone-only bank Number26 is now offering its services in 17 countries in the euro zone, expanding from a smaller core of European markets it entered a year ago, it said on Tuesday. The Berlin-based company is backed...
Insureon CEO on Growth, Hockey Pucks and the Perils of Complacency
Dec 6 2016 // A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. OK, that might be a bit of a stretch but Chicago-based Insureon definitely...
Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion
Dec 5 2016 // Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV...
Insurtech to Become Part of Traditional Insurance Landscape: S&P Report
Nov 29 2016 // Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We...
Smartphone Makers Reject Obama Call for Restrictions to Curb Distracted Driving
Nov 28 2016 // U.S. highway safety officials called on smartphone makers to add features that would keep motorists from using functions linked to a surge in deaths due to distracted driving, a proposal that drew immediate opposition from...
XL Catlin Appoints Branch as Chief Executive of Insurtech Team, Accelerate
Nov 28 2016 // XL Catlin announced the appointment of Vincent Branch as Chief Executive for Accelerate, its new expert team focused on innovation and insurtech. Accelerate is led by XL Catlin’s former chief underwriting officer for...
Insurtech Startups Attract Growing List of Traditional Insurer Partners
Nov 28 2016 // Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is...
Insurtech Startup Trov Launches in UK, Offering On-Demand Coverage
Nov 23 2016 // The on-demand economy, which uses smartphone technology to immediately fill consumer needs, has changed the way people order food, a car, or a place to stay. Now, technology startups are targeting the next business...
Munich Re Partners with InsurTech Start-Up Wrisk
Nov 22 2016 // Insurtech company Wrisk Ltd., which was founded earlier this year, has entered into an agreement with Munich Re’s Digital Partners business unit. Under the agreement, Munich Re companies become the exclusive carrier...
How Smart Building is Changing Construction
Nov 21 2016 // 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...
P/C Insurance Execs See Growth Coming from Technology Innovation, New Products
Nov 21 2016 // Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co. The survey polled executives from insurance and reinsurance companies,...
How Independent Agents Feel About Growth, Technology and Disruption
Nov 21 2016 // Property/casualty independent insurance agents are more optimistic this year than they were in 2015. Nearly half (49 percent) of agencies responding to an industry survey say they are “very optimistic” about...
How Tech Can Turn the Tide of Flood Insurance
Nov 21 2016 // As residents of coastal Louisiana, New York and New Jersey have discovered, a house with a sea view can carry a serious and soggy downside. In terms of storms and their severity, a building’s location has never...
Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition
Nov 18 2016 // China’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. rallied behind Beijing’s recently imposed cyber security law on Thursday, following criticism of it from overseas technology rivals. The...
Next Big Car Safety Feature Could be This Smartphone Camera App
Nov 16 2016 // Drivers in San Francisco, Manhattan and Tel Aviv may soon have another safety tool at their disposal: a mobile app that alerts them to dangers ahead in the road. Nexar Ltd., an Israeli startup whose app records video from...
