Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
People Moves: Lockton Adds IP Experts Sandler and Taylor; Byrne Hired at Cowbell as VP Tech E&O Underwriting
May 25 2023 // Lockton Adds Intellectual Property Experts to Transaction Liability Practice Lockton has hired Jason Sandler and Craig Taylor to its intangible asset and contingent liability practice, a division within its broader...
White House Takes New Steps to Study AI Risks, Determine Impact on Workers
May 24 2023 // The White House said on Tuesday it would ask workers how their employers use artificial intelligence (AI) to monitor them, as it allocates federal investments in the technology, which is expected to change the nature of...
AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups
May 24 2023 // AXA Venture Partners announced a new €1.5 billion ($1.6 billion) late-stage fund to invest in European and North American tech startups, targeting companies that expect to go public within three to four years. French...
How Much Should Insurers Trust AI Chatbots?
May 24 2023 // Powered by InsuranceJournal.tv Whether it’s underwriting, claims or customer service, it seems that artificial intelligence is top of mind for the insurance industry right now. William Bennett, partner at law firm...
Washington Startup’s Ex-CFO Accused of Diverting $35M, Losing It in Crypto
May 24 2023 // The former chief financial officer of a Seattle, Washington-based startup took $35 million of his employer’s money without permission and lost it by investing in cryptocurrency before the crypto market crashed last...
Travel Insurtech Faye Raises $10M in Series A Funding
May 23 2023 // Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures...
Obie Raises $25M Series B to Expand Embedded Insurance Technology
May 23 2023 // Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor...
Governments Race to Regulate AI Tools
May 22 2023 // Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps...
Optimizing Agency Relationships: A Data-Driven Approach to Premium Growth
May 22 2023 // The reported demise of the independent insurance agency as a sales and distribution channel has been greatly exaggerated. Over the course of a decade or more of predictions about the growth of the direct-to-consumer...
TypTap Insurance President Talks About Insurtech’s First Profit, Future
May 19 2023 // When HCI Group’s TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to the company’s plan to rely heavily on mapping technology and property data. This month,...
Davies Insurance Tech Group Names Morrissey COO
May 17 2023 // Nashville-based Davies Group, a rapidly growing professional services and technology firm serving the insurance industry, has named Jen Morrissey group chief operations officer. Morrissey was previously chief information...
Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round
May 17 2023 // Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers. JPMorgan Chase & Co. and Barclays Plc provided half the...
Low-Tech Cyber Attacks Took Advantage of Fixable Vulnerabilities in 2022: Coalition
May 16 2023 // Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by policyholders in 2022, according to a new report from...
Washington Is Determined to Govern AI, but How?
May 15 2023 // U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington’s attention, consensus is far from certain. Interviews with a U.S. senator,...
World’s Governments Race to Regulate AI Tools
May 12 2023 // Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree on laws governing the use of the technology. Here are the latest steps...
Hackers Aim to Find Flaws in AI
May 12 2023 // No sooner did ChatGPT get unleashed than hackers started “jailbreaking” the artificial intelligence chatbot – trying to override its safeguards so it could blurt out something unhinged or obscene. But now...
Insurtech Funding Up 38% Over Q4 2022: Gallagher Re
May 11 2023 // Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the...
Legislation to Govern AI Takes Another Step in Europe
May 11 2023 // European lawmakers came a step closer to passing new rules regulating artificial intelligence tools such as ChatGPT, following a crunch vote on Thursday where they agreed tougher draft legislation. The European...
Gallagher Re: US Leads Insurtech Investments, Funding Continues Healthy Climb
May 10 2023 // Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the...
AI, Ransomware, Tech Burnout Biggest Takeaways from RIMS’ Riskworld
May 10 2023 // Powered by InsuranceJournal.tv The 2023 RIMS’ Riskworld conference took place last week in Atlanta, and on this episode of The Insuring Cyber Podcast, two guests shared the biggest takeaways from the conference this...
