Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Biden Signs Sweeping Executive Order Regulating Artificial Intelligence
Oct 30 2023 // President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and...
Insurtech Hippo Lays Off 20% of Employees
Oct 30 2023 // Insurtech Hippo Holdings said it has “initiated an organizational realignment” by laying off about 120 employees, or 20% of its workforce. The company said in a filing with the U.S. Securities and Exchange...
Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding
Oct 25 2023 // Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given...
Governments and Firms Should Spend More on AI Safety, Say Top Researchers
Oct 24 2023 // Artificial intelligence companies and governments should allocate at least one third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI researchers said in a paper on...
Vesttoo Creditors Say Bankrupt Israeli Insurance Startup Should Liquidate
Oct 24 2023 // Vesttoo Ltd. creditors are seeking to take control of the bankrupt Israeli startup’s court proceedings, arguing the company should liquidate following revelations that its former executives helped create fraudulent...
Tech Update: AXA XL Launches Virtual Reality Training Solution for Risk Managers
Oct 23 2023 // AXA XL Risk Consulting announced the launch of AXA Immersive Solutions, an innovative training solution leveraging virtual reality (VR) and digital twin technologies. AXA Immersive Solutions gives AXA XL’s risk...
Music Publishers File Suit in Tennessee Against AI Company Over Song Lyrics
Oct 20 2023 // Oct 18 (Reuters) – Music publishers Universal Music, ABKCO and Concord Publishing sued artificial intelligence company Anthropic in Tennessee federal court this week, accusing it of misusing an...
Startup Climeworks Battles Big Oil for the $1 Trillion Future of Carbon Capture
Oct 19 2023 // Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for Christoph Gebald, whose startup, Climeworks AG,...
Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding
Oct 18 2023 // Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners. The new...
Private Health Data Still Being Exposed to Big Tech, Report Says
Oct 17 2023 // Despite recent efforts to address the issue, medical-related websites continue to be mined for data including personal medical information, in an apparent violation of patients’ privacy rights, according to a new...
Artificial Intelligence Startup Helps Insurers Spot Cognitive Decline in Older Drivers
Oct 17 2023 // Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22 million in funding, the latest sign of growing demand to deploy AI in critical sectors...
Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
Xceedance Launches Center of Excellence for Generative AI, Empowering Insurance Transformation
Oct 16 2023 // BOSTON, MA, October, 16, 2023 – Xceedance, a leading global provider of strategic operations support, technology, and data services for insurance organizations, announced the establishment of a Center of Excellence...
Insurance Technology Is a Driver for Change
Oct 16 2023 // The insurance industry is truly a nexus for innovation. Particularly through the use of technology, it is inspiring to dive into the many ways insurance professionals across the country and the world create real-time...
Tech Update: Xceedance Offers Cat Modeling Services to Reinsurers During Renewals
Oct 13 2023 // Xceedance, a global provider of strategic operations support, technology, and data services to insurance organizations, announced the launch of burst capacity catastrophe modeling resources to support reinsurers during...
Google to Defend Generative AI Users From Copyright Claims
Oct 13 2023 // Google said on Thursday that it will defend users of generative artificial-intelligence systems in its Google Cloud and Workspace platforms if they are accused of intellectual property violations, joining Microsoft, Adobe...
India Insurance Startup Raises Funds at $650 Million Valuation
Oct 11 2023 // Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million. Investors including Japanese giant Mitsubishi UFJ Financial Group...
Tech Update: Re/Insurance Communications Platform ‘fuse’ Launches
Oct 6 2023 // A communications platform called “fuse” has been launched for the global commercial insurance and reinsurance industry. Fuse promises retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers...
National Security Agency Is Starting an Artificial Intelligence Security Center
Oct 5 2023 // The National Security Agency is starting an artificial intelligence security center – a crucial mission as AI capabilities are increasingly acquired, developed and integrated into U.S. defense and intelligence systems,...
Bill Gates-Backed Florida Startup Aims to Turn Oil-Drilling Gas into Useful Methanol
Oct 3 2023 // (Bloomberg) — Semi trailer-sized machines could provide a unique solution to a major source of the fossil fuel industry’s methane problem. Rather than flaring or venting the planet-warming gas into the...
