Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Companies Rely More on Tips Than Technology to Detect Fraud: KPMG
Jun 13 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...
What Do You Get When You Combine Drones and Self-Driving Cars?
Jun 9 2016 // Powered by InsuranceJournal.tv 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...
Driverless Car Demo’d in Pennsylvania as State Bill, Task Force Press On
Jun 7 2016 // Think of it as driver education with the car as the student and you as the instructor. That’s what it’s like in the latest version of Carnegie Mellon University’s self-driving car, a 2011 Cadillac SRX on...
Insurance Startup in California Eyeing Gig Economy Opens $2M Seed Round
Jun 7 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...
Popular Program Market: New Programs Might Get a Chance
Jun 6 2016 // The program insurance segment has been an attractive area for property/casualty carriers in recent years and interest doesn’t appear to be faltering. While carriers have been eager to snatch-up mature and profitable...
Beef, Microplastics, Blockchain Tech and Human Cyborgs: Swiss Re on Emerging Risks
Jun 6 2016 // A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three,...
U.S. Insurer, Tech, Business Groups Balk at China’s Rules on Insurance Cybersecurity
Jun 2 2016 // Business groups from the U.S. and around the world protested planned cybersecurity rules for the insurance industry in China in a letter to the head of the nation’s insurance regulator. The draft regulations may...
Hulk Hogan Privacy Suit Enjoys Litigation Financing from Tech Billionaire Thiel
May 26 2016 // Billionaire investor Peter Thiel is helping wrestler Hulk Hogan bankroll his lawsuit against Gawker Media, according to a report in Forbes. Hogan, whose real name is Terry Bollea, in March won a $140 million jury verdict...
Swiss Re’s List of Emerging Risks Range from Blockchain Tech to Human Cyborgs
May 26 2016 // A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three,...
China’s Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3
May 24 2016 // China’s second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 which is working on ways blockchain technology can be used in financial...
Startup Embroker Raises $12.2M; Offers Firms Control Over Insurance Buying, Management
May 17 2016 // Investors have given $12.2 million to fund an insurance broker offering a cloud-based risk and insurance management system for small and mid-sized businesses. The broker, Embroker, promises to empower commercial lines...
Nominations Announced for 1st Efma-Accenture Innovation in Insurance Awards
May 13 2016 // Nominations have been announced for the first Efma-Accenture Innovation in Insurance awards, launched this year to identify and award the most innovative insurance initiatives and projects around the world. Efma received...
Pennsylvania Officials: $11M Fine Against Uber Could Stunt Tech Growth
May 9 2016 // Pennsylvania Gov. Tom Wolf and Pittsburgh-area officials want the state’s regulators to greatly reduce their record-setting $11.4 million fine against ride-sharing company Uber. The Public Utility Commission fined...
Some Insurers Have More to Gain from Underwriting Technology Than Others
May 6 2016 // Personal Lines Insurers Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found. “They are more likely to have a homogenous book of business and a...
How Driverless Cars Could Disrupt Investors
May 5 2016 // The development of self-driving cars is a good example of how, and why, the future may be a less profitable place for investors. Volvo Cars, one of scads of technology and automotive firms working along the same lines,...
Timeline: From Teen to Octogenarian, How Buffett’s Wealth Has Grown
May 2 2016 // In 2016, it’s easier than ever to play the financial markets. From the explosion of online brokers to the rise of robo-advisors, armchair investors have dozens of tools just a few clicks or taps away. Daily trading...
Australian Tech Entrepreneur Confirms He Is Bitcoin Creator: BBC Report
May 2 2016 // Australian tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin, ending years of speculation about a person who until now has gone by the name of Satoshi...
Young Consumers More Trusting of Autonomous Vehicles: J.D. Power
Apr 29 2016 // Trust in automation technology including driverless cars is very much age dependent, as younger consumers have a notably higher level of confidence in the technology than their older counterparts, according to the J.D....
French Startup Drivy (‘Airbnb for Cars’) Raises $35M to Expand; Insured by Allianz
Apr 28 2016 // Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued expansion across...
Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
Apr 27 2016 // While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals...
