Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Many InsurTechs Go Under Quietly While Others Ride Funding Wave
Aug 5 2021 // While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less...
U.S. Tech Firm Operates 100% Autonomous Semi Truck on China Highway
Aug 5 2021 // A semi truck with driverless technology successfully completed a demonstration in busy traffic on a highway in an economic center in China, according to the California firm, Plus, that provided the driverless...
7 Insurtechs With Multibillion-Dollar Valuations
Aug 3 2021 // A number of insurtech startups are coming to market through blank-check companies. Here are valuations of several that have announced special purpose acquisition company (SPAC) plans. (Reporting by Alwyn Scott)
Homeowner Insurtech Hippo to Go Public Today as Real Estate Market Remains Hot
Aug 3 2021 // Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5...
Global Regulators Warned About Entry of ‘Big Tech’ Firms into Financial Services
Aug 3 2021 // Central banks and financial regulators urgently need to get to grips with the growing influence of “Big Tech,” according to top officials from central bank umbrella group the Bank for International Settlements...
Insurtech Attracts $15.5M to Its Commercial, High Net Worth Flood Insurance Platform
Aug 3 2021 // Colorado-based reThought Insurance, a managing general agency focused on the flood insurance market, has secured $15.5 million in investment to accelerate its growth. The company currently writes flood coverage for complex...
Indian Insurance Startup Policybazaar Files for $810M IPO
Aug 2 2021 // BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion rupees ($809.36 million), joining a string of Indian startups that have tapped...
Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion
Jul 30 2021 // FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves insurers in more than 40...
Insurtech Agentero to Expand Digital Network for Agents After Raising $13.5M
Jul 29 2021 // Agentero raised $13.5 million in new financing designed to boost and help expand its digital insurance network for agents. The California-based insurtech, launched in 2017, is designed to help insurance agents access...
Insurtech Investment Reaches Record $7.4B for First Half 2021
Jul 29 2021 // Insurtech venture investment keeps climbing ever higher, with new records reached for the second quarter as well as the first half of 2021, according to the latest Willis Towers Watson report on the sector. Global...
Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe
Jul 23 2021 // Insurtech startup bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Berlin. Financial details of the deal were not disclosed. The transaction is part of...
Senators Add Vaccine Misinformation as Reason to Alter Tech Firms’ Liability Protection
Jul 23 2021 // Two Democratic U.S. senators on Thursday will add to the stack of bills going after Section 230 – a law that protects tech companies from being sued over content posted by users – making such platforms...
Virginia Tech Says It Was Targeted in Two Recent Cyberattacks
Jul 21 2021 // Virginia Tech says it was targeted in two recent cyberattacks but feels confident no data was stolen. Virginia Tech spokesman Mark Owczarski told the Roanoke Times that a few university units used Kaseya, a U.S. software...
Ford, Lyft, Argo AI Collaborate to Offer Robotaxi Service in Cities
Jul 21 2021 // Self-driving startup Argo AI, carmaker Ford Motor Co. and ride-hail company Lyft Inc. on Wednesday said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin. The service is expected to launch in...
U.S. Fights Cyber Attacks by Blacklisting, Sanctioning Russian Tech Firms
Jul 19 2021 // The United States on Friday took a new stab at Russia’s cybersecurity industry, restricting trade with four information technology firms and two other entities over “aggressive and harmful” activities...
Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising
Jul 16 2021 // N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with the matter. The firm,...
Update: India’s Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO
Jul 16 2021 // BENGALURU – Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval to raise up to 166 billion rupees ($2.23 billion) in one of the biggest stock market...
P/C Insurers Plan to Boost Their Use of Automation: Willis Towers Watson
Jul 15 2021 // Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s more, COVID-19 has been a major factor in the trend. The sector’s...
InsurTech NY Opens Applications for 2021 Cohort
Jul 7 2021 // InsurTech NY will be accepting applications for its growth-stage InsurTech accelerator. The application window will be open from July 7 to August 2 and applications will be accepted through the InsurTech NY website. The...
Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’
Jul 5 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, an expert at insurer Sompo Holdings...
