Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
New Jersey to Launch Innovation Hub for Fintech and Insurtech Startups
May 8 2024 // New Jersey is creating a strategic innovation center for financial (fintech) and insurance (insurtech) technology startups in a partnership with Silicon Valley-based innovation platform Plug and Play. The new innovation...
Revolutionizing Insurance Distribution: Efficiency and Innovation through API Integration and Data Utilization
May 8 2024 // This post is part of a series sponsored by Dyad. In the dynamic landscape of insurance distribution, the convergence of efficiency and innovation is reshaping traditional workflows and elevating user experiences. Amidst...
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
May 6 2024 // Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance...
Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks
May 3 2024 // Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined...
Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman
May 3 2024 // Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all,...
Neptune Flood Acquires Data Science Firm to Enhance Its AI-Driven Flood Insurance
May 2 2024 // Private flood insurer Neptune Flood reported it has acquired Charles River Data, a Boston-based data science consulting group. According to Neptune, the strategic move will bolster its underwriting system through advanced...
Police: Athletic Director Used AI to Frame Principal With Racist Remarks in Fake Audio
May 2 2024 // A high school athletic director in Maryland has been accused of using artificial intelligence to impersonate a principal on an audio recording that included racist and antisemitic comments, authorities said. Authorities...
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress
May 1 2024 // Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history. The net income loss for the first three months of...
Newspapers Sue OpenAI for Copyright Infringement Over AI Training
May 1 2024 // A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters’ work to train their generative...
Connecticut Weighs Wide-Ranging Bill to Regulate AI. But Its Fate Is Uncertain.
May 1 2024 // The Connecticut Senate recently pressed ahead with one of the first major legislative proposals in the U.S. to rein in bias in artificial intelligence decision-making and protect people from harm, including manufactured...
The Role of Artificial Intelligence Across the Property Insurance Ecosphere
Apr 25 2024 // This post is part of a series sponsored by CoreLogic. Over the last couple of years, Artificial Intelligence (AI) has changed how everyone lives, works, and plays. More than just a trend, AI is the ability of a machine,...
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance
Apr 24 2024 // Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize innovation, cut costs and improve the customer experience. Generative AI (or...
Massachusetts AG Warns AI Systems Subject to Consumer Protection, Anti-Bias Laws
Apr 19 2024 // Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the Massachusetts attorney general cautioned Tuesday. In an...
National Alliance for Insurance Education & Research Launches AlliBot: An AI Knowledge Bot for Risk & Insurance Professionals
Apr 18 2024 // Austin, TX., April 18, 2024 — The National Alliance for Insurance Education & Research is thrilled to announce the launch of AlliBot v2.0, the Artificial Intelligence Knowledge Bot built exclusively for the risk...
Mission Possible: Top 3 Carrier Innovations in P&C to Restabilize Homeowners Insurance
Apr 16 2024 // This post is part of a series sponsored by AgentSync. As the property and casualty market struggles to find its equilibrium, carriers and reinsurers are retooling their approach to risk and the market. As a Floridian...
Speakers & Agenda Announced for the 2024 Carrier Management InsurTech Summit
Apr 16 2024 // San Diego, CA. April 16, 2024 — Today, Carrier Management announced the agenda and speakers for The InsurTech Summit 2024. This event will provide valuable insights not found elsewhere and is designed for: carrier...
D&O Risks to Consider When Exploring the New Frontier of Gen AI
Apr 15 2024 // Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is...
Tech Update: Sayata Risk Engine Flags High-Risk Accounts With AI; Canopy Connect and Hawksoft Launch Integration to Eliminate Data Entry for Agents
Apr 11 2024 // Sayata Unveils AI-Powered Risk Engine That Flags High-Risk Accounts Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses sophisticated AI to flag specific high-risk accounts expected to drive up...
Pennsylvania Issues Its ‘Expectations’ for Insurance Carriers Regarding Their Use of AI
Apr 10 2024 // Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC). The Pennsylvania...
Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance
Apr 10 2024 // Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product...
