Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Chaucer, Parametric Insurtech Yokahu Offer Product to Cut Caribbean Protection Gap
Nov 8 2021 // Chaucer, the London-based specialty re/insurance group, and parametric insurtech startup, Yokahu, are launching a new microinsurance product, which will provide cover for hurricane events in the Caribbean. This new...
Is Your “Tech Stack” a Spreadsheet? Three Reasons to Invest in Insurtech Now
Nov 8 2021 // This post is part of a series sponsored by AgentSync. The insurance industry has been around for thousands of years. But that’s no reason your agency should still be operating like it’s 1916! One of the...
Insurtech Startup With Claims Monitoring Platform Raises $30M
Nov 4 2021 // Insurtech startup owl.co Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company’s machine...
Insurtech Lemonade Enters ‘Green’ Auto Insurance Business
Nov 3 2021 // Home, renters and pet insurer Lemonade is deploying its artificial intelligence, behavioral economics and social good mantra with its newest product, Lemonade Car. Lemonade Car is designed to offer better auto insurance...
Orion180 Expands Home Insurtech Model Into Georgia, South Carolina
Nov 3 2021 // Orion 180, a homeowners’ insurtech company, has expanded into Georgia and will soon move into South Carolina, the company said this week. Orion, based in Melbourne, Florida, uses technology to allow homeowners to...
WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer
Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer...
Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution
Nov 2 2021 // China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing...
Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts
Nov 2 2021 // Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by...
Searching for Realistic Ideas That Could Help Tame Big Tech
Nov 2 2021 // Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry? Those ideas...
Aquiline Capital Partners to Acquire Majority Stake in UK Insurtech Ripe Thinking
Nov 1 2021 // Ripe Thinking Ltd., a UK-based digital underwriting and insurance distribution platform, is pleased to announce that it has entered into a definitive agreement for Aquiline Capital Partners LLC to acquire a majority stake...
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...
