Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup
Feb 4 2021 // The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off...
Insurance Verification Startup TrustLayer Raises $6.6M from BrokerTech, Ventures
Feb 3 2021 // TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors, insurance brokers and others. “Verification of insurance and business...
Noonan Joins CNC in Alabama as SVP of Strategy, Innovation
Feb 3 2021 // Insurance adjusting firm Catastrophe & National Claims (CNC) has added Tom Noonan as senior vice president of Strategy & Innovation. In this newly created role, he’ll help lead strategic planning and...
P/C Insurtech Funding Reaches $4.7B Record in 2020 – A Story in Charts
Feb 1 2021 // After a slow start in 2020, insurtech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of insurtech funding...
Insurance Déjà Vu: Vaccines, AI, Litigation, Recession Made Headlines 10 Years Ago
Feb 1 2021 // How much have things changed for the insurance industry in the past decade? Judging by feature headlines from Insurance Journal published in February 2011, many of the issues and themes talked about then are again, or...
SolarWinds Attackers Focused on Cyber and Tech Firms
Jan 29 2021 // Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cyber-security firms...
Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles
Jan 29 2021 // Trov, the San Francisco-based insurtech company, announced that UFODRIVE, a frontrunner in sustainable car rental, has selected Trov’s Mobility Insurance Platform for its fleet of fully electric vehicles. UFODRIVE...
European Researchers Turn to AI to Build Better Weather Data
Jan 26 2021 // European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European Centre for Medium-Range...
China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers
Jan 22 2021 // China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand...
Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition
Jan 22 2021 // The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021. Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent...
Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.
Jan 20 2021 // Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber...
Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI
Jan 19 2021 // Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding...
Business Startups Surged Amid Covid-19 Pandemic
Jan 19 2021 // The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective...
Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers
Jan 19 2021 // Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity,...
American Family Insurance to Acquire Small Business Insurtech Bold Penguin
Jan 14 2021 // Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to...
For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts
Jan 14 2021 // Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in...
Canadian Insurtech Apollo Closes C$13.5 Million Funding Round
Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million...
Judge Throws Out Apple Copyright Claims Against Security Software Startup Corellium
Dec 30 2020 // A federal judge in Florida on Tuesday dismissed Apple Inc.’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the...
UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU
Dec 16 2020 // Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe,...
Tech Firms Form Coalition to Defend Internet Liability Shield Law
Dec 16 2020 // A number of internet companies that are not big social media players are organizing to defend the law that shields them from lawsuits. The companies have formed a coalition called Internet Works to protect what they see as...
