Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Auto Insurance Market to Shrink 60% by 2040: KPMG
Oct 23 2015 // By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile...
Unlike Uber, On-Demand Office Service Cleans Up with Employees
Oct 16 2015 // It’s scorching on the streets of Midtown Manhattan as Afonso Oliveira strides around the lunch-break crowds, unbent beneath his 45-pound, $350 industrial backpack. He is carrying everything that might be needed to...
New Car Safety Features Can Be ‘Turn-Off’ for Confused Drivers
Oct 9 2015 // Many Americans buying new cars these days are baffled by a torrent of new safety technology. Some features will automatically turn a car back into its lane if it begins to drift, or hit the brakes if sensors detect that...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
Oct 5 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
U.S. Missing Life-Saving Opportunity of Driver Assistance Technologies
Sep 30 2015 // New auto safety technologies such as automatic braking and sensors that keep a car in its lane could prevent almost 10,000 U.S. road deaths a year and save $251 billion if they were more widely available, according to a...
ACE Takes 24% Stake in CoverHound’s Online Commercial Insurance Plans
Sep 22 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
Former Microsoft Executive Hartnett Named ACORD Innovation Chief
Sep 17 2015 // The insurance industry’s standards organization, ACORD, announced that Bill Hartnett, former financial services and insurance head at Microsoft, has been named its head of innovation, charged with bringing new ways...
Insurance Sector Struggles to Innovate: KPMG International Survey
Sep 17 2015 // While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, finds a KPMG International report...
New York AG Urges Tech Firms to Act Responsibly as Business Models Evolve
Sep 16 2015 // New York State’s top lawyer told technology-firm executives he will “bring the full force” of his office against companies that mistreat their workers or cheat consumers. Speaking to entrepreneurs and...
Technology May Outpace Humans on Road to Automated Driving
Sep 14 2015 // From his laboratory at Pittsburgh’s Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar says self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come. More than...
NAPSLO Panel: Tech Disruption May be Good for E&S Market
Sep 10 2015 // “There are no rules. If you can figure out how to quantify a risk and define it, then you can insure it.” Hank Haldeman, president of the board of directors for the National Association of Professional Surplus...
HSB Expands Equipment Breakdown, Tech Insurance for ‘Invisible’ Risks
Sep 9 2015 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is expanding the availability of HSB TechAdvantage, an equipment breakdown insurance that covers undetectable physical damage to microelectronics, by offering...
Risk Innovations Acquires Columbia Commercial General Agency
Aug 4 2015 // Atlanta, Ga.-based Risk Innovations LLC has acquired Columbia Commercial General Agency (CCGA), headquartered in Columbia, Mo. The deal was effective Aug. 1, 2015. The acquired business will continue to operate in Columbia...
Insurers Face Risks of Declining Customer Loyalty, Tech-Savvy Firms: Accenture
Aug 4 2015 // Insurers are not keeping up with rising customer expectations and will need to offer more innovative products and ally with some nontraditional partners to catch up and to keep more digital-savvy firms from stealing their...
The Myth of the Tech-Savvy Millennial
Aug 3 2015 // The idea that Millennials have superior tech skills and knowledge is something that has been an oft-repeated fact, both in the insurance industry and in our national consciousness. It makes sense; Millennials are the first...
Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit
Jul 30 2015 // When you are identified in a picture on Facebook, biometric software remembers your face so it can be “tagged” in other photographs. Facebook Inc. says this enhances the user experience. But privacy advocates...
N.Y. Sen. Schumer Pushes for High-Tech Solution to Drunk Driving
Jul 29 2015 // U.S. Sen. Charles Schumer, D-N.Y., says the nation should increase funds for the development of high-tech sensors that can disable a car’s ignition if its driver is drunk. The New York Democrat said on July 26 that...
Tech Firms Collaborating to Make Drone Air Traffic Safe
Jul 28 2015 // Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the flocks of commercial drones expected to someday clog the skies. The search-engine pioneer is joining some of the...
Automakers Seek to Limit Data Sharing with Tech Partners
Jul 20 2015 // Carmakers are limiting the data they share with technology partners Apple Inc. and Google Inc. through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers...
How to Deal With Humans (Customers) Who Prefer a Digital Interface to a Real Face
Jul 20 2015 // Flying drones and self-driving vehicles are being readied for everyday use — and we are not amazed. That’s because, in our industry, we focus on the practical instead of the stupefying: looking at the various...
