Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI
May 5 2025 // He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer...
Generative and Agentic AI in Insurance: Breaking Down the Risks and Opportunities
May 5 2025 // This post is part of a series sponsored by IAT Insurance Group. In the latest episode of What’s Brewing, Chris Accetta and David Geller welcome David Seaton, VP of Predictive Analytics and Modeling at IAT Insurance,...
Tech Update: WTW Launches AI Monitoring Tool ‘Radar Vision’ for Insurers; Tariff Simulator Added to Marsh McLennan’s Sentrisk
Apr 30 2025 // WTW has announced the North American launch of Radar Vision, an AI-driven performance monitoring tool custom-built for insurers. The global insurance industry has been turbulent for a few years, with significant inflation...
Unlocking the Power of RQB and AI for MGAs and Wholesalers: Enhancing Efficiency with Expert Insured
Apr 29 2025 // This post is part of a series sponsored by Expert Insured. In today’s highly competitive insurance market, MGAs and wholesalers require more than just basic management tools. They need intelligent, scalable solutions...
Apple, Meta Fined as EU Presses Ahead With Tech Probes
Apr 24 2025 // Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big...
The Race to Fix Aging Computer Systems Heats Up With AI’s Help
Apr 24 2025 // Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology,...
Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options
Apr 24 2025 // Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among...
Texas-Based Insurtech Steadily Secures $30M Series C Round
Apr 23 2025 // Steadily, a provider of landlord insurance in the U.S., announced $30 million in Series C funding led by Two Sigma Ventures at a $355 million valuation. Steadily serves 18 million individual rental property owners who...
People Moves: Xceedance Names Sankaran Global COO; Naquin Joins ReSource Pro as GM, Tech Services
Apr 22 2025 // Xceedance Appoints Sankaran as Global Chief Operating Officer Subramanian Sankaran Xceedance, headquartered in Worcester, Massachusetts, named Subramanian (Subbu) Sankaran to the new role of global chief operating...
Gen AI Is Shaking Up Underwriting, but Can It Replace Human Judgment?
Apr 21 2025 // Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New...
Majority of Small Business Leaders Think AI Will Play ‘Crucial Role’ in Work Safety
Apr 21 2025 // More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of...
Insurtech 1Fort Raises $7.5M to Support AI Binding Tech for Brokers
Apr 17 2025 // 1Fort, the AI platform for business insurance, announced it raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder...
People Moves: Zurich Hires Sullivan From CNA for US Middle Market Head of Tech; IMA Hires Crochet as National Energy Practice Leader
Apr 16 2025 // Jeannie Sullivan Zurich North America, headquartered in Schaumberg, Illinois, hired Jeannie Sullivan as head of technology for its U.S. middle market team. She will report to Stan Bernard, head of industry practices for...
AI Weather Models Promise Super Granular, Specialist Forecasts
Apr 14 2025 // The weather forecasting industry has made big leaps in accuracy but has struggled with hyper-local predictions. But the proliferation of AI weather models in recent years means small, commercial firms are now developing...
Ascend Releases AI-Powered Smart Inbox for Retail Agencies
Apr 14 2025 // Smart Inbox automates processing of documents for both agency bill and direct bill workflows San Francisco, April 14, 2025 – Ascend, the leading financial operations automation platform for the insurance industry, today...
Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU
Apr 11 2025 // Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited...
How Westfield Is Implementing AI in Claims
Apr 8 2025 // Identifying the needs and pain points of customers and then developing solutions to better service them and other company partners—those are the most important promises that artificial intelligence and new technologies...
States’ AI-Related Legislation Aimed at Insurance Is ‘Unfounded,’ Says NAMIC
Apr 7 2025 // Policy discussions on the use of artificial intelligence in insurance are ‘unfounded’ and ‘detrimental to policyholders,’ according to an analysis from the National Association of Mutual Insurance...
Claims Service, Tech, Communication Top Independent Agent Concerns
Apr 7 2025 // Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300...
The All-in-One Solution for MGAs & Wholesalers: How Expert Insured Combines AI, Rating, Policy Lifecycle, and Accounting for Complete Management
Apr 4 2025 // This post is part of a series sponsored by Expert Insured. Managing the entire insurance lifecycle can be a daunting task for MGAs and wholesalers, with processes spanning from underwriting to policy issuance and...
