Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Texas Lawmakers Consider Regulations to Address Risks of Artificial Intelligence
Aug 28 2024 // A group of state lawmakers began wading through the complex world of artificial intelligence Tuesday, providing an early glimpse at how Texas may seek to regulate the booming technology. During a nearly four-hour hearing,...
Insurtech Root, Goosehead Partner on Tech Integration for Independent Agents
Aug 27 2024 // Root, Inc., parent company of Root Insurance Company, has partnered with personal lines insurance agency Goosehead Insurance, Inc. on a technology integration partnership they said will speed up Goosehead agents’...
Chinese Hackers Breach US Internet Firms Via Startup, Researcher Says
Aug 27 2024 // The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has...
How Can You Create a World-Class Producer Experience? It Starts with Tech, Transparency, and Trust
Aug 27 2024 // This post is part of a series sponsored by AgentSync. If insurance producers are the lifeblood of your business, you need to compete on producer experience, and win. One could argue the entire insurance industry is a web...
People Moves: Miraglia and Rusas Join Alliant M&A from WTW; Embroker’s Maletsky Joins Hiscox’s Tech E&O
Aug 23 2024 // Peter Miraglia Alliant Insurance Services, headquartered in Irvine, California, hired Peter Miraglia as executive vice president, Alliant Specialty, within the company’s mergers & acquisitions vertical. Miraglia...
Authors’ Class Action Targets AI Company Anthropic for Copyright Infringement
Aug 23 2024 // Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court by three authors who say it misused their books and hundreds of thousands of others to train its AI-powered...
Insurance Technology: Aon Tool Analyzes and Quantifies Potential D&O Losses
Aug 22 2024 // Corporate risk managers looking to gauge the likelihood that their directors and officers will be sued and how much that might cost have a new digital tool to help them. Global insurance broker Aon has launched its...
Big Tech Wants AI to Be Regulated. Why Do They Oppose a California AI Bill?
Aug 22 2024 // California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad...
Michigan DIFS Bulletin Issues Guidance on AI Use in Insurance Industry
Aug 19 2024 // The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry. The bulletin clarifies DIFS’...
McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump
Aug 15 2024 // McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a...
Markets/Coverages: Liberty Mutual Re, Insurtech Sprout Offer Parametric Cover for Kenyan Coffee Farmers Facing Climate Risk
Aug 14 2024 // Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan...
Tech Update: Hiscox Launches GenAI-Powered Lead Underwriting Platform
Aug 13 2024 // Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers...
UK Cyber Spies Plan AI ‘Lab’ to Counter Hostile State Threats
Aug 13 2024 // UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10...
Introducing CognilinkClaims: Sutherland’s Latest AI Breakthrough in Insurance Claims Management
Aug 8 2024 // Pittsford, NY. August 8, 2024 — Sutherland is excited to introduce CognilinkClaims, an innovative AI-powered solution that integrates Classic AI and Generative AI capabilities to redefine and streamline the entire...
Viewpoint: Generative AI in Insurance Isn’t Working
Aug 7 2024 // The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI...
Behind the Development of the AI Marketing Toolkit
Aug 5 2024 // In today’s fast-paced insurance market where time is more precious than ever, the ability to streamline operations and offload routine tasks is invaluable. Communication and relationships remain at the heart of what...
AI Startup Suno Says Music Industry Suit Aims to Stifle Competition
Aug 2 2024 // AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition. In a filing Thursday in federal...
New York City Turns to AI-Powered Scanners to Keep Guns Out of Subway
Jul 31 2024 // New York City is turning to AI-powered scanners in a new bid to keep guns out of its subway system, but the pilot program launched Friday is already being met with skepticism from riders and the threat of a lawsuit from...
6 Unique, Tech-Forward Tools to Aid in Loss Prevention in the Event of a Natural Disaster
Jul 30 2024 // This post is part of a series sponsored by AgentSync. As catastrophic natural disasters continue to wreak havoc on the property and casualty (P&C) insurance sector, loss prevention remains a high priority for insurers...
Harnessing the Power of AI: Revolutionizing Insurance
Jul 30 2024 // This post is part of a series sponsored by Dyad. In the dynamic world of insurance, staying ahead of the curve is paramount. With the advent of Artificial Intelligence (AI), players in insurance are experiencing a...
