Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Autopilot Warning May Not Help Tesla in Crash Defense
Jul 18 2016 // Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short. This month, two Teslas equipped with...
Chubb Enhances Cover for Tech Companies in UK and Ireland
Jul 15 2016 // Chubb announced that has enhanced MasterPackage for Technology Companies, its comprehensive single contract insurance solution for technology businesses in the UK, as it continues to expand its offering in this key sector...
Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products
Jul 12 2016 // Munich Re has partnered with insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing roll-out of products and...
Probe of Tesla Crash to Address Broader Safety Issues of Automation in Cars
Jul 11 2016 // For years, U.S. investigators have been calling for more automation on motor vehicles, such as sensors that slam on the brakes to prevent a crash. At the same time, the National Transportation Safety Board, in its probes...
Italy Car Insurance Tech Firm, Octo Telematics, Weighs Sale or IPO: Sources
Jul 11 2016 // Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by...
Connecticut Places ‘Unsteady’ Health Insurance Startup Under Supervision
Jul 11 2016 // Connecticut’s insurance commissioner announced Tuesday that nonprofit health insurer HealthyCT must be placed under state supervision to protect the company’s 40,000 policyholders. Commissioner Katharine Wade...
Tech Talk: Digital Dinosaurs and Insurance Competency
Jul 11 2016 // I have had agents tell me they have lost clients because of their “digital deficiencies,” which can include outdated websites and email systems and the lack of mobile capabilities. The exact mix of factors...
Cooper Gay Appoints Hacker as Group Chief Innovation Officer
Jun 30 2016 // Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group...
IBHS Receives 2016 IMCA Innovation Torchbearer Award
Jun 24 2016 // The Insurance Institute for Business & Home Safety (IBHS) received the 2016 Innovation Torchbearer Award from the Insurance Marketing & Communications Association. IMCA’s annual Innovation Torchbearer Award...
Channel Syndicate Launches Innovation Division, Names Allen as Tech Head
Jun 23 2016 // Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional...
Older Drivers Favor High-Tech Auto Features
Jun 22 2016 // High-tech safety features have jumped to a high priority for older U.S. car-shoppers, who want to keep their freedom of mobility, a study released Tuesday reports. Among Americans 50 and up who plan to shop for a car in...
Talking Cadillac Tries to Be Heard Over Silicon Valley on Airwaves
Jun 20 2016 // General Motors Co. is rolling out a sedan laden with gadgets that track other cars on the road and can automatically brake to avoid collisions, fulfilling a safety vision decades in the making. Yet the 2017 Cadillac CTS...
Tech to Detect Fraud
Jun 20 2016 // Fraudsters are more often caught by tip-offs and complaints, management review, accidentally, suspicious superiors and internal audits than by use of technology and data analytics. According to consulting firm KPMG, North...
Insurance Startup in California Eyeing Gig Economy Opens $2M Seed Round
Jun 20 2016 // Bunker Project Inc., a San Francisco, Calif.-based insurance technology startup, announced a $2 million seed funding round. The round was co-led by Comcast Ventures and Route 66 Ventures. Insurance carriers Hiscox and...
What Do You Get When You Combine Drones and Self-Driving Cars?
Jun 20 2016 // That’s one small step for drones, and no steps needed for mankind. Autonomous drone transport for humans. Why not? We’re eventually getting autonomous cars so you don’t have to do the driving, and drones...
Insurers Ignore FinTech Revolution at Their Long-Term Peril: PwC
Jun 17 2016 // While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by PwC. As customers...
Startup Embroker CEO Miller Pursues ‘Massive Improvement’ Over Disruption in Commercial Insurance Brokerage
Jun 15 2016 // Within venture capital circles, the insurance industry is sexy right now. It seems not a week goes by without another startup being announced, some with niche angles such as peer-to-peer distribution, insurance for...
Startup Health Broker Zenefits Cuts More Jobs; CEO Vows ‘Total Redesign’
Jun 15 2016 // Zenefits, a human resources software startup that has been beleaguered by compliance issues, is laying off more than 100 employees, as investors point to the company as a cautionary tale for startups that try to grow too...
Allianz Expects Blockchain Tech to Expedite Cat Bond Deals
Jun 15 2016 // German insurer Allianz expects the technology underpinning virtual currency bitcoin to encourage trading in catastrophe bonds, which transfer the risk of natural disasters such as hurricanes to investors. “Cat...
Canada Health Startup Uses App to Connect Employees with Services
Jun 14 2016 // League Inc., a Canadian health-insurance startup, is raising $25 million in a funding round backed by Omers Ventures, Royal Bank of Canada and Manulife Financial Corp. Toronto-based League lets employees find and pay for...
