Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days
Jan 31 2025 // Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity...
Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI
Jan 30 2025 // Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with...
Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function
Jan 29 2025 // Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function across its global operations. The group now has 25% of its global workforce...
UnitedHealth Says Hack at Tech Unit Impacted 190 Million People
Jan 28 2025 // The cyberattack at UnitedHealth Group’s tech unit last year affected the personal information of 190 million people, the health conglomerate said on Jan. 24, making it the largest healthcare data breach in the United...
Insurtechs’ Approach to Wildfire Insurance: Part III – Faura
Jan 23 2025 // While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion...
Microsoft’s LinkedIn Sued for Disclosing Customer Information to Train AI Models
Jan 22 2025 // Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train generative artificial...
Flow Specialty Says Its AI Agent Passed RPLU Exams
Jan 22 2025 // Specialty wholesaler Flow Specialty said its artificial intelligence model has passed the Registered Professional Liability Underwriter (RPLU) exams for cyber, errors & omissions, and executive liability...
People Moves: Arch Promotes Thompson to Offshore Energy Underwriting Manager; WTW Names Mamone as Head of Tech Delivery and Strategy
Jan 22 2025 // This edition of International People Moves details appointments at Arch Insurance International and Willis Towers Watson. A summary of these new hires follows here. Arch Promotes Thompson to Offshore Energy Underwriting...
AXA XL Supports UK’s First Development-Stage Accelerator for Climate Tech Businesses
Jan 22 2025 // AXA XL is partnering with London GreenCity, the UK’s first accelerator for development-stage climate tech entrepreneurs, to offer expertise in insurance and risk management to the accelerator’s members. London...
Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle
Jan 22 2025 // While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion...
Insurtechs’ Approach to Wildfire Insurance: Part I – Delos
Jan 21 2025 // While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion...
Cyber Insurance Market to Expand as Risks Evolve: Gallagher
Jan 17 2025 // While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits,...
A Los Angeles Actuary on Lessons From the Palisades Fire
Jan 16 2025 // I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a...
Biden Signs Executive Order to Ensure Power for AI Data Centers
Jan 15 2025 // President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. The order calls for...
Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says
Jan 14 2025 // The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO...
Moody’s to Acquire Geospatial AI Firm CAPE Analytics
Jan 13 2025 // Moody’s Corp. has agreed to acquire CAPE Analytics, which provides geospatial AI intelligence for residential and commercial properties. Moody’s said the deal will create a property database capable of...
Meta Knew It Used Pirated Books to Train AI, Authors Say
Jan 10 2025 // Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi...
Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company
Jan 8 2025 // A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett’s conglomerate. Tulipshare, an...
Deep Vector Closes $1.5M Round Co-Led by Aperture and InsurTech NY
Jan 8 2025 // Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 million, co-led by Aperture Venture Capital and InsurTech NY. Deep Vector helps insurers and brokers...
Israel Cyber Firms Raise $4 Billion in 2024 on Surge of Cloud, AI Security Needs
Jan 8 2025 // Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect the cloud along with a surge in artificial intelligence, global venture capital firm YL Ventures said on...
