Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Usage-Based Insurance Pioneer Metromile Now Offering Its Technology as Claims Tool
Feb 20 2020 // Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced that...
Attorney General Barr: Should Tech Giants Still Be Free From Liability for Content?
Feb 20 2020 // U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their...
Justice Department Targets Internet Firms’ Liability Shield
Feb 19 2020 // Attorney General William Barr is taking aim at a legal shield enjoyed by companies such as Alphabet Inc.’s Google and Facebook Inc. as the provision comes under increasing fire from both liberals and...
Viewpoint: 3 Ways Technology Makes Insurance Broker RFP Responses Easier
Feb 19 2020 // Requests for proposals (RFPs) are everywhere these days. As internet sourcing makes the market more competitive, insurance brokers who are able to quickly and accurately complete RFPs can see huge benefits and gain a...
In an About-Facebook, Zuckerberg Likes Internet Regulation As Way to Win Public Trust
Feb 18 2020 // For years, Facebook Inc. lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
New Colorado Law Tackles Employee Equity, Investment in Startup Cannabis Industry
Feb 13 2020 // The startup-laden cannabis industry is probably just right for those who are willing to forego a few extra dollars on their paychecks for the possibility of a bigger payout later when the company grows or goes...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit
Feb 12 2020 // N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union. The Berlin-based digital bank will close UK...
Gaining a Risk Manager Seat at Technology’s Table: Interview with RIMS Leader Langone
Feb 11 2020 // The culture at technology startups like Uber, Airbnb and PayPal is all about risk-taking. They start by offering a unique, untested or reimagined product or service or by disrupting an industry’s established...
Virginia Tech Student Sues After Hazing Suspension
Feb 10 2020 // A former Virginia Tech student is suing the university after he was accused of overseeing a ceremony that violated the school’s hazing policy. Darrien Brown alleges the university denied him due process when...
Data Driven Business Models to Affect Entire Insurance Value Chain: Swiss Re Report
Feb 10 2020 // Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, according to Swiss Re’s latest...
20 Noteworthy Agency Merger Stories of 2019
Feb 10 2020 // 1. January Nationwide Acquires Liability Insurance Program Manager E-Risk Services: Nationwide acquired a New Jersey privately held program manager specializing in management liability lines. Nationwide said E-Risk will...
Insurtech Investments and Valuations Soar Even As Some Startups Fail Fast
Feb 10 2020 // Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of insurtech startups called it quits. According to a new briefing on the sector from Willis Towers...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
Insurtech Lemonade Prepares to Unleash a Pet Insurance Product
Feb 7 2020 // Insurtech carrier Lemonade plans to debut pet insurance later this year. Lemonade says it hopes to launch the pet insurance product within a few months, pending regulatory approval. It has opened its site to early...
U.S. Permits Startup Nuro to Deploy Up to 5,000 Driverless Delivery Vehicles
Feb 7 2020 // In a first-of-its-kind approval by U.S. regulators, a federal agency on Thursday gave permission for autonomous vehicle startup Nuro Inc. over the next two years to deploy up to 5,000 low-speed electric delivery vehicles...
Homeowners Insurtech Openly Expands Into Tennessee
Feb 7 2020 // Openly Inc., an insurtech backed by Gradient Ventures, Google’s AI-focused venture fund, has gone live in Tennessee. The addition of Tennessee comes on the heels of the company’s launch and funding announcement...
Lloyd’s 1st Syndicate-in-a-Box, Operated by Munich Re, Aims to Be an Innovation Lab
Feb 4 2020 // Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd’s and, ultimately, reduce the cost...
Data Driven Business Models to Affect Entire Insurance Value Chain: Swiss Re Report
Feb 3 2020 // Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, said the latest sigma report...
Insurtech Investments and Valuations Soar Even As Some Startups Fail Fast
Jan 31 2020 // Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of Insurtech startups called it quits. According to a new briefing on the sector from Willis Towers...
