Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Smart Cameras at Amazon Provide Real-Time Social Distancing Feedback to Employees
Jun 16 2020 // Amazon Inc. is pairing cameras with artificial intelligence to enforce social distancing among employees in its offices and warehouses. The system gives employees real time feedback on whether they are complying with the...
Nationwide Insurance Joins Investors in Planck’s $16 Million Financing Round
Jun 15 2020 // Nationwide, eyeing the possibilities with technology startup Planck’s small commercial insurance data platform, has joined the company’s latest financing round. Planck recently raised $16 million in a Series B...
How Construction Companies Can Make the Most of Technology Advancements
Jun 15 2020 // As one of the oldest industries, construction has been notoriously slow to adopt technological advancements and embrace the digital age. However, in the last decade, many innovative technologies have gained traction in the...
Insuretech Noblr Enters Louisiana Auto Insurance Market
Jun 12 2020 // Behavior-based auto insurance from Noblr is now available in Louisiana, the company said. The company provides an app-powered, personalized car insurance experience that rewards members’ good driving behaviors with...
Insurtech Zego Partners with Telematics Firm ABAX to Lower Fleet Insurance Costs
Jun 11 2020 // Insurtech Zego has partnered with global telematics firm ABAX in a move designed to drive down the cost of insurance for fleet owners. While some fleets already use on-board telematics devices to improve efficiency, many...
New York DFS Launches Program to Drive Innovation Post-Pandemic
Jun 10 2020 // The New York State Department of Financial Services (DFS) has launched DFS FastForward, a new program to support innovators seeking to deliver new solutions in financial services, fintech, insurtech and healthtech for New...
Captives Can Be an Insurtech Accelerator
Jun 10 2020 // With the immense financial and operational challenges brought on by the spread of the COVID-19 pandemic, many insurers have had to dramatically cut back on insurtech funding. Insurtech solutions were starting to help...
Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance
Jun 5 2020 // Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to...
Tech Group Sues Trump Over Order Weakening Social Media Immunity
Jun 3 2020 // An advocacy group backed by the tech industry sued President Donald Trump on Tuesday over his executive order that would weaken a law protecting online platforms including social media companies that label or fact-check...
AXA XL Construction Ecosystem Platform Offers Risk Insights for Contractors
Jun 2 2020 // AXA XL’s North America Construction insurance business is launching the Construction Ecosystem, a digital platform that aggregates data to provide AXA XL’s contractor clients with insights to help manage risks...
Homeowners Insurtech Openly Expands into Kentucky
Jun 1 2020 // Openly Insurance, a tech-forward company that specializes in premium homeowners insurance, is expanding into Kentucky, the fifth state it is offering its product in to date. Kentucky makes it the fifth state to now offer...
New Lawsuit Filed Against Virginia Tech Over Hazing
May 29 2020 // Another former cadet has filed a lawsuit against Virginia Tech over being suspended in connection with a blood-pinning ceremony. The lawsuit filed Wednesday in federal court alleges the university violated the due process...
Google Urges EU to Use Current Laws, Not New Ones, to Regulate Artificial Intelligence
May 29 2020 // Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI’s...
Workers’ Compensation Insurtech Pie Raises $127 Million With Plan to Acquire Carriers
May 28 2020 // Workers’ compensation provider Pie Insurance announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined the insurtech’s current investors in the capital raise,...
Insurtech Trov Partners with LatAm Insurer Sura to Bring On-Demand Insurance to Brazil
May 28 2020 // Trov, the San Francisco-based insurtech company, is partnering with Latin American insurer Seguros Sura to bring on-demand insurance products to the Brazilian market. Recent regulatory changes in Brazil have enabled...
Openly, Premium Home Insurance Company, Rapidly Expanding into New States
May 27 2020 // Boston, MA, MAY 27, 2020— Openly Insurance, a tech-forward company that specializes in premium homeowners insurance and is backed by powerhouse investors such as Gradient Ventures, Google’s AI investment fund, is...
Not All Homes in Wildfire Zones Are Uninsurable. Here’s How Insurers Can Tell.
May 22 2020 // Fire-risk scores now used by insurance underwriters can sometimes can make it challenging for homeowners to find coverage. Zesty.ai, a California insurtech start-up, is among a handful of firms working to fine-tune...
Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion
May 21 2020 // Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global...
COVID-19 Contact Tracing Apps Proving Not Much of a Help Thus Far
May 21 2020 // Harnessing today’s technology to fight the coronavirus pandemic is turning out to be more complicated than it first appeared. The first U.S. states that rolled out smartphone apps for tracing the contacts of COVID-19...
Navigating today’s uncertain insurance climate using Automation. How one company is helping Texas Agents figure it all out!
May 20 2020 // West Palm Beach, FL, May 20, 2020 – Challenging times call for new strategies; these days the keystone for professional success lies with innovation! One tech company based out of South Florida blazes a trail for...
