Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate
Oct 29 2021 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and distribution advisory firm. As part of the transaction,...
Ohio Insurtech Coterie Insurance Raises $50M
Oct 29 2021 // Cincinnati, Ohio-based insurtech company Coterie Insurance, which specializes in commercial insurance, has completed a $50 million series Series B financing round, totaling $75 million raised since its founding in...
Big Tech Data Centers Generate Concern Over Scarce Western Water
Oct 27 2021 // Conflicts over water are as old as history itself, but the massive Google data centers on the edge of this Oregon town on the Columbia River represent an emerging 21st century concern. Now a critical part of modern...
Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises
Oct 27 2021 // While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused on a relatively few startups. For example, in the second quarter, more than two-thirds of...
Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source
Oct 22 2021 // NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the...
Guy Carpenter Launches Global Insurtech Center of Excellence
Oct 22 2021 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance...
Insurance Technology: Guidewire Guides Insurers to Insurtechs; Rhino, Cover Genius Offer Embedded Renters Insurance
Oct 22 2021 // Guidewire Guides Insurers to Insurtechs Guidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program...
Insurance Technology: Catalyit; CyberCube; Tremor; TransUnion and e2Value
Oct 21 2021 // Anderson, Catalyit Offer Technology Resource for Agents Headed by agency technology consultant Steve Anderson, Catalyit has assembled a team of insurance industry tech experts to launch a new technology resource for...
Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger
Oct 18 2021 // For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where...
Chubb CEO Greenberg Says Some Insurtechs Are More Hype Than Transformation
Oct 18 2021 // Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of insurtech entrepreneurs, Chubb CEO Evan Greenberg was having none of...
Mining the Hidden Treasure of Your Insurtech Investment
Oct 18 2021 // Your agency may have a treasure trove of untapped potential with your unused insurance software. The good news is you can unlock that potential for more value for free, it just takes spending some time to remember why your...
Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies
Oct 14 2021 // A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel. In...
Toronto Cyber Insurtech Boxx Expands to U.S., Names Itriago as President
Oct 14 2021 // Right after closing its Series A financing round, Boxx Insurance Inc. announced its expansion to the U.S. and its appointment of Hilario Itriago as Boxx USA president. The digital managing general agency promises that its...
Munich Re’s Venture Arm Raises $500M for Fund Focused on Insurtech, Cybersecurity
Oct 13 2021 // Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on insurtech and cybersecurity. The new financing arm, dubbed Munich Re Fund...
Pentagon Ex-Software Chief Claims China Has Already Won AI Battle
Oct 12 2021 // China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial...
Chubb CEO Greenberg Says Some Insurtechs Are More About Hype Than Transformation
Oct 11 2021 // Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of insurtech entrepreneurs, Chubb CEO Evan Greenberg was having none of...
NC Lawmakers Approve ‘Sandbox’ to Waive Regs, Spur Insuretech Innovation
Oct 11 2021 // North Carolina lawmakers hope a bill that creates a “regulatory sandbox” will spur innovation in the insurance and financial sectors in the state, particularly in the use of blockchain technology. The North...
Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses
Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...
German Insurtech Getsafe Raises Another $63M for Full Insurance License
Oct 8 2021 // Getsafe, a digital MGA based in Germany, raised another $63 million in funds, with plans to use the added cash to fund its own insurance license by the end of 2021 and accelerate its European expansion. A number of new...
Insurate, Workers’ Compensation Insurtech, Secures $4.5M Investment
Oct 6 2021 // Omaha-based Insurate, a data science-based provider of workers’ compensation, announced a $4.5 million seed round led by HSCM Ventures, the venture capital arm of Hudson Structured Capital Management Ltd. Joining the...
