Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Texas-Based Injury Insurance Startup Spot Raises $33 Million
Jun 30 2022 // Spot, an Austin, Texas-based tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including $25 million in equity and $8 million in debt. The round was led by Ensemble VC, with...
Don’t Count Out Insurtech Disrupters, Carrier CEOs Say
Jun 29 2022 // Insurtechs bent on disrupting the insurance industry haven’t succeeded so far, but a future wave of insurtechs might emerge to accomplish a similar goal, carrier executives said recently. Speaking at the 38th Annual...
Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition
Jun 24 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. “We’re all trying to solve the same...
Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.
Jun 24 2022 // The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers...
People Moves: MMC Names Jones, Hageman to Senior Posts; Lockton Welcomes Marsh’s Millett for Innovation; Applied Financial Builds Cyber Risk Team
Jun 24 2022 // Marsh McLennan Creates New Senior Leadership Positions Marsh McLennan announced the appointment of John Jones as chief marketing and communications officer and Pat Hagemann as chief of staff to the chief operating...
How a Bankruptcy ‘Innovation’ Halted Thousands of Lawsuits from Sick Plaintiffs
Jun 24 2022 // Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court on his pioneering strategy for companies seeking to dodge billion-dollar lawsuits: the “Texas...
Insurance Technology: BirdsEyeView Wins Funds for Parametric Cover; Audatex Adds Live Car Valuation Data
Jun 22 2022 // Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the funds matched by the European Space Agency (ESA). BirdsEyeView uses satellite data to...
Hey Siri, What’s Next for AI and Robotics in Insurance?
Jun 22 2022 // Powered by InsuranceJournal.tv A lot has changed in the world of automation since Apple first launched its virtual assistant, Siri, on October 4, 2011. It’s a date that musician, actress, and public speaker, Susan...
Digital Insurer Startup Wefox Seeks Funding at Over $5 Billion Value
Jun 22 2022 // Wefox, the German digital insurer, is in advanced discussions to raise fresh funding at a valuation of $5 billion to $6 billion, people with knowledge of the matter said. The Berlin-based insurtech startup is aiming to...
Preparing for InsurTech’s Second Act: Embedded Insurance
Jun 20 2022 // The insurtech industry has been around for about a decade, and experts say that while it has succeeded in bringing new entrants into the industry, it has struggled at times with distribution and customer acquisition. This...
Insurance Technology: eDriving Adds Safety App Without Telematics; Notion Offers Sensor Upgrade; HUB Debuts Personal Lines Platform VIU
Jun 20 2022 // eDriving Launches Non-Telematics Version of Mentor Driver App New Jersey-based eDriving announced the availability of Mentor Insight, the non-telematics version of its driver safety app, Mentor. Mentor Insight offers many...
Insurtech Faces ‘Leveling Out Period’ Amid Market Challenges
Jun 20 2022 // The insurtech industry is facing what experts say is a “leveling out period” after investment in the space accelerated during the pandemic due to changes in the workplace and a greater focus on the use of...
Winners of Innovation in Insurance Awards Excel in Customer Focus, AI, Sustainability
Jun 17 2022 // The winners of the seventh annual Innovation in Insurance Awards excelled in customer focus, creative applications of artificial intelligence (AI) and automation as well as sustainability, according to the awards’...
InsurTech EasySend strengthens in Japan by establishing a Japanese entity in order to accelerate digitization within the Japanese financial industry
Jun 9 2022 // No-code platform speeds up service delivery and significantly enhances customer experience for insurance, banking and other financial institutions Tokyo, June 09, 2022 – EasySend Ltd. (Headquarters: Israel, CEO &...
Insurtech MGA Loadsure Offers Smart Annual Cargo Insurance
Jun 7 2022 // InsurTech MGA Loadsure announced the launch of its new smart annual cargo product, Cargo Plus. The new offering is an annualized ocean cargo product that will deliver the financial convenience of a pay-as-you-go policy...
LexisNexis Acquires Home Inspection Tech Firm Flyreel
Jun 3 2022 // LexisNexis Risk Solutions has acquired Flyreel, a Denver-based property technology firm that uses artificial intelligence (AI) and machine learning to enable self-service property inspections. Flyreel says its technology...
Insurance Technology: Flood Data From Arturo and ICEYE; Weather Intelligence From Verisk; Home Valuations from CAPE Analytics
Jun 2 2022 // Arturo and ICEYE Offer Near Real-Time Flood, Property Damage Insights Property analytics firm Arturo and sensor data provider ICEYE hope to change what’s possible with insurance response to flood events....
Greenlight Re Invests in Insurtech That Provides Security Deposit Replacement Insurance
Jun 1 2022 // Greenlight Re Innovations (GRI), a Cayman Islands-based subsidiary of Greenlight Capital Re Ltd., has announced an investment in Garentii GmbH, a security deposit replacement insurance MGA and platform in...
Insurance Technology: Socotra Snaps Up Startup Portal; Marble Mobilizes Rewards App; RMS Unveils UnderwriteIQ; Vertafore Powers Tokio Marine Surety
May 26 2022 // Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built...
It Is Time for Insurers to Meet Needs of Tech Driven Businesses
May 25 2022 // To describe the past couple of years as tumultuous is something of an understatement. The global pandemic overlaid with hard market conditions in many insurance classes has kept many in our industry awake at night. The...
