Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Liberty Mutual’s Peters Joins Startup Lemonade as Chief Underwriting Officer
Oct 10 2016 // Lemonade, the new peer-to-peer insurance company that opened for business last month, has named John Peters as its chief underwriting officer. At Lemonade, Peters will be responsible for insurance product terms and...
Startup P2P Insurer Lemonade Reveals How First 48 Hours of Business Went
Oct 10 2016 // Lemonade, the peer-to-peer insurtech startup that launched only a few weeks ago on Sept. 21 selling renters and homeowners insurance in New York, sold 142 policies and generated $14,300 in gross written premium in its...
Markel, EMC Join Global Insurance Accelerator to Assist Startups
Oct 7 2016 // Markel and EMC Insurance Companies have invested in the Global Insurance Accelerator, a business accelerator focused on developing innovative insurance-centric startups. The GIA launched in 2013 modeled on technology...
Betting on the Insurance Industry of Tomorrow at InsureTech Conference
Oct 6 2016 // There was a great turnout for the future of the insurance industry this week in Las Vegas. The occasion was the first InsureTech Connect Conference, which brought together an estimated 1,500 tech entrepreneurs, investors...
How Uber Plans to Transform the Long-Haul Trucking Business
Oct 5 2016 // With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for...
Insurers Hiscox, American Family Back Bunker, a Startup Broker for Gig Economy
Oct 4 2016 // Bunker, a Hiscox and American Family-backed startup billing itself as the first contract-related insurance marketplace, has officially left startup mode and unveiled its first product. The target audience: independent...
China Insurance Market Ripe for Digital Disruption: Viewpoint
Oct 4 2016 // China’s tech giants — Baidu, Alibaba and Tencent — increasingly have a finger in every part of the economy. So why aren’t they bigger participants in what should be an easy sell online:...
Texas Mutual Virtual Reality Safety Training Module Wins Innovation Award
Sep 30 2016 // Workers’ compensation insurer, Texas Mutual Insurance Co., announced it has accepted the Strategy Meets Action (SMA) Innovation in Action Award for its development of Safety in a Box, which uses virtual reality (VR)...
U.S. Autonomous Vehicle Policy Attempts to Straddle Lanes of Safety and Innovation
Sep 22 2016 // The new U.S. policy on self-driving cars received a mixed reaction from highway-safety advocates who acknowledged the life-saving potential though warned of a world of “human guinea pigs.” The Transportation...
Metromile Auto Insurer Gets $192 Million, Mark Cuban and Mosaic’s 50 State Licenses
Sep 21 2016 // Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic...
Why Insurers Must Pick Up Their Technology Pace
Sep 20 2016 // The insurance industry is on the horns of a dilemma: how to use new technologies to improve their operations and how to insure the risks these new technologies present to their customers. The pace of technology is changing...
New Technologies: A Double-Edged Sword for Insurance Companies
Sep 19 2016 // The insurance industry is on the horns of a dilemma: how to use new technologies to improve operations and how to insure the risks these new technologies present to customers. Situation The pace of technology is changing...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Tech Talk: Digital Transformation 2.0
Sep 19 2016 // The just released Insurance Digital Transformation Study (available at www.insurancedigitalrevolution.org) sheds light on why agents struggle with adapting to digital technology. As we have discussed extensively, agents...
Munich Re Backs On-Demand Insurance Startup Trov’s Expansion in U.S. Market
Sep 13 2016 // Trov, an on-demand insurance startup, is revving up plans to enter the U.S. market in 2017, by way of a partnership with Munich Re. Munich Re, one of the world’s largets reinsurers, says it intends to provide...
Burnham Benefits in Southern California Taps Felish as Tech Specialist
Sep 12 2016 // Irvine, Calif.-based Burnham Benefits Insurance Services Inc. has named Meagan Felish a technology specialist. Felish has experience in online enrollment systems. Felish previously worked at Beal Benefits in Scottsdale,...
Federal Suit Filed by Former Employees of Indiana-Based ITT Tech Institute
Sep 9 2016 // Two employees laid off by the parent company of Indiana-based for-profit college chain ITT Technical Institute have filed a lawsuit claiming the company violated federal law by not providing 60 days’ notice. Allen...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Venture Capital, Traditional Insurer Interest in Insurtech Remains High
Aug 24 2016 // Even though venture capital investments in venture capital-backed financial technology (fintech) companies fell more than 50 percent globally during the second quarter of 2016, interest in insurance technology startups...
