Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Cyber Criminals Increasingly Will Target Top Executives in Ransomware Attacks: Report
Apr 14 2020 // Senior executives increasingly will be targeted by cyber criminals looking for ways to steal money from large corporations, according to a report from cyber analytics provider CyberCube. Organized criminals and hackers are...
Vitech Systems Group Forms Strategic Partnership with Innovation Underwriters
Apr 9 2020 // Vitech Systems Group has formed a strategic partnership with Innovation Underwriters (IU), a not-for-profit collaborative focused on promoting innovation within the insurance industry. Innovation Underwriters supports...
Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab
Apr 9 2020 // Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out of more than 190 applications, received from across the world, for the fourth...
California Will Let Startup Nuro Test Driverless Delivery Vehicles
Apr 8 2020 // California’s Department of Motor Vehicles on Tuesday authorized autonomous technology startup Nuro to test two driverless delivery vehicles in nine cities, a decision that comes as coronavirus concerns lock down many...
Tech Issues Hampered Information on Tsunami Watch for Hawaii
Apr 6 2020 // Technical issues made it difficult to get information about a tsunami watch for Hawaii and its subsequent cancellation, the National Weather Service said. The brief tsunami watch was canceled in late March after a 7.5...
Why Artificial Intelligence Is Not the Answer for All Businesses
Apr 3 2020 // The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better the bottom line is understandable. But before they pursue automation that could...
Reavis Named Chief People Officer at Ohio Insurtech Root
Mar 30 2020 // Columbus, Ohio-based Root Inc., the parent company of online insurer Root Insurance, has appointed Annette Reavis as its first chief people officer. Reavis has more than 20 years of human resource and business experience....
Tech Issues Hampered Information on Tsunami Watch for Hawaii
Mar 27 2020 // Technical issues made it difficult to get information about a tsunami watch for Hawaii and its subsequent cancellation, the National Weather Service said Wednesday. The brief tsunami watch was canceled Tuesday after a 7.5...
Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK
Mar 26 2020 // Ageas is using artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage, which it says is a first for a UK insurance company. Ageas is using an AI solution, developed by technology...
Ohio Commercial Insurance Insurtech, Coterie, Raises $8.5M in Financing
Mar 25 2020 // Cincinnati, Ohio-based insurtech Coterie, which specializes in commercial insurance, has closed an oversubscribed Series A financing round totaling $8.5 million from RPM Ventures, Allos Ventures, and others. The company...
RMS CEO White: Embracing Change in a Transforming Industry
Mar 19 2020 // During her career, Karen White, the CEO of RMS, has had a front-row seat to observe what happens with companies and industries in transformation and how enormous value—and disruption—can be created. While some people...
P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best
Mar 18 2020 // In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, according to a recent...
Report: Testers in California Logged 2.8M Autonomous Miles Last Year
Mar 17 2020 // Each year technology’s promise of having autonomous vehicles ruling the roads seems to be a bit more fleeting, or at least a bit further off, but that hasn’t stalled the efforts of would-be makers of...
Cattle Ranchers Worry Despite Having Tech to Track Diseases
Mar 17 2020 // Before June 2018, finding cattle that were potentially exposed to diseases was time-consuming and complicated, requiring a patchwork of information from auction houses, feedlots, producers and meatpacking...
Innovation, Economic Growth Depend on Taking Risks, Tolerating Failure: Viewpoint
Mar 17 2020 // While concerns loom over an impending recession caused by the spread of COVID-19, policymakers and business leaders have implemented radical strategies, such as slashing interest rates to invigorate the country’s...
Watch Out for Virus-Tied Cyber Attacks on Remote Workers, Warns Tech Professor
Mar 17 2020 // The heightened fear and anxiety that COVID-19 is causing people worldwide brings vulnerable targets for cyber hackers. “We are living in a heightened time of cyber risk. Cyber criminals will take advantage of public...
P/C Insurers Expect Smaller M&As to Continue in 2020
Mar 13 2020 // Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools
Mar 12 2020 // Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools to support Swiss Re’s new Digital Market Center. The Digital Market Center is designed to help develop next-generation,...
Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’
Mar 10 2020 // There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it’s not about getting bigger; it’s about getting better. And, second,...
