Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
US Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent
May 28 2024 // Long before generative AI’s boom, a Silicon Valley firm contracted to collect and analyze non-classified data on illicit Chinese fentanyl trafficking made a compelling case for its embrace by U.S. intelligence...
Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan
May 24 2024 // Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and...
Viewpoint: How Liberty Specialty Markets Uses Tech for Claims Risk Management
May 22 2024 // Once perceived as intricate, time-consuming, and on occasion, frustrating, insurance claims processing has undergone a substantial transformation with the integration of new technological solutions. From artificial...
Gallagher Updates Regulation for Artificial Intelligence
May 22 2024 // Gallagher’s Cyber practice remains laser focused on emerging technology and the potential for increased risks as organizations begin to use them. Throughout 2024, we’re concentrated on evolving compliance...
AI-Intensive Sectors Are Seeing Productivity Surge: PwC
May 21 2024 // The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy,...
Empowering InsurTech: The Rise of Low-Code Solutions
May 20 2024 // This post is part of a series sponsored by Dyad. Technology is crucial in propelling innovation and efficiency within the constantly evolving insurance technology (InsurTech) sector. One of the most notable advancements in...
AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims
May 20 2024 // Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover...
Sony Music Warns Companies to Stop Training AI on Its Artists’ Content
May 17 2024 // Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to use the company’s content without explicit permission. Sony Music, whose...
US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost
May 16 2024 // A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative...
Kansas Schools Turn to AI to Spot Guns
May 14 2024 // TOPEKA, Kan. (AP) — Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve...
VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel
May 14 2024 // Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be...
Tech Update: WTW, Riskonnect Launch Risk Diagnostic Tool for Workers’ Comp
May 13 2024 // Insurance broker WTW has formed a partnership with Riskonnect to pilot an analytical delivery tool that connects claims and exposure data through its new offering WTW Risk IQ API (application programming interface). The...
PoloWorks Launches Managing General Agent Incubator
May 13 2024 // PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent (MGA) incubator. This new offering provides services to both startup and established...
Google Fights $17 Billion UK Lawsuit Over Ad-Tech Practices
May 10 2024 // Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on the search giant’s business...
Tech Update: Aon Updates Its Pricing Platform to Enhance Underwriting Decisions
May 10 2024 // Insurance broker Aon plc announced an update to its Pricing Platform that aims to bring enhanced visualization and automation capabilities to re/insurance underwriters. The software update has also added new business lines...
Personal Auto Insurers Have Edge on Innovation: AM Best
May 10 2024 // After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto insurers are the furthest ahead when it comes to innovation. Personal auto insurers’...
What Risks Do Advanced AI Models Pose in the Wrong Hands?
May 10 2024 // The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China and Russia with preliminary plans to place guardrails around the most advanced AI models, Reuters reported on...
New York’s Putting Some Green— $5 Million— Into Green Energy Insurance Innovations
May 10 2024 // New York State’s $5 million Insurance Innovation Prize is now open for applications. Supported by the New York State Energy Research and Development Authority (NYSERDA), the new program offers awards for the...
Saudi Arabian Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO
May 8 2024 // Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7...
Cyber Startup Wiz Raises $1B in Private Funds, Valued at $12B
May 8 2024 // U.S.-Israeli cloud cybersecurity startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has raised $1.9 billion since its founding in...
