Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Apple Lawsuit in California Tests if Employees Can Plan Startup While on Payroll
Jan 21 2020 // Attorneys for a former Apple Inc executive on Tuesday will try to convince a skeptical judge of a core tenet of tech startup culture – that employees can plan a competing venture while still in a job. Apple’s...
MGA Incubator Castel Taps Carlos from Arch Insurance as Head of Specialty
Jan 17 2020 // Castel Underwriting Agencies Ltd., the managing general agent and club-style MGA formation platform, has announced the appointment of Raoul Carlos as head of Specialty as it structures its underwriting cells and MGAs into...
Coastal Insurance Underwriters Acquires Assets of Florida Tech Company Cybercom
Jan 17 2020 // Coastal Insurance Underwriters, Inc., a Ponte Vedra Beach Florida based MGU and program administrator, acquired the assets of Cybercom International Corp. on Jan. 2, 2020. Cybercom International Corporation, Inc. (CIC) was...
UK Insurtech Startup battleface Receives Investment from Fintech Ventures Fund
Jan 16 2020 // Insurtech startup battleface Inc., a UK firm that provides travel insurance products for unconventional travelers worldwide, announced it has successfully closed its seed financing round with backing from leading strategic...
Coastal Insurance Underwriters, Inc. Acquires Assets of Tech Company Partner
Jan 15 2020 // Ponte Vedra Beach, FL, January 15, 2020 – Coastal Insurance Underwriters, Inc. (Coastal), a Ponte Vedra Beach Florida based MGU and program administrator, announced the acquisition of Cybercom International...
BPB UW Management Launches Underwriting Agency as MGA Incubator
Jan 14 2020 // BPB UW Management Ltd (BPBUW) has launched an underwriting agency focused on nurturing individual MGA businesses. Its executive team is led by Chairman Jonathan Palmer-Brown, CEO John Holm, COO Margaret Ryan and Executive...
Industry Trends to Exploit for 2020
Jan 13 2020 // The insurance industry is so intertwined into the economy and society, that just about any noticeable change in either will have some impact for the insurance industry. That is why it is imperative for agency owners to...
How Big Tech Hopes to Turn Cars into Connected Revenue Machines
Jan 9 2020 // Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car. With the widespread rollout of autonomous...
Trump Administration Seeks to Limit ‘Overreach’ of Regulation of Artificial Intelligence
Jan 8 2020 // The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach,” and said it wants European officials...
InsurTechNY Opens Application Window for 2020 InsurTech Startup Competition
Jan 7 2020 // InsurTechNY, an InsurTech community in the New York metro area spanning carriers, brokers, startups and investors, has opened the application window for the 2020 InsurTech Startup Competition. The competition has two...
Commercial Lines Insurtech Bold Penguin Acquires E&S Brokerage Tech Platform xagent
Jan 2 2020 // Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for standard and surplus lines business insurance...
Insurance Journal’s Top 10 East Region Stories of 2019
Jan 2 2020 // A new year is a time of reflection for some, and last year, the city of Boston began 2019 by reflecting on an important piece of the city’s history: the 100-year anniversary of The Great Molasses Flood. The flood,...
Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech
Dec 31 2019 // Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing...
How High Tech Competition Is Transforming NFL Helmets
Dec 23 2019 // Long gone are the days of the leather shell and single-bar face mask. Today’s football helmets are technological marvels, using cutting edge materials and design elements to make the headgear the safest it’s...
Zurich Partners with Insurtech Vindati on Motor Truck Cargo Program
Dec 17 2019 // Zurich and insurtech managing general underwriter Vindati have launched a new stand-alone Motor Truck Cargo (MTC) program now available to for hire common and contract truckers. Written through an exclusive agreement...
Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 16 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
EU Top Court to Hear Privacy Issues of Tech Firms’ Personal Data Transfers
Dec 15 2019 // Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to...
Insurtech, Data Help Canadian Farmers Cut Lending, Insurance Costs
Dec 12 2019 // Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs. Collecting...
Fast-Growing German Insurtech Wefox Raises $110 Million More
Dec 11 2019 // German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion...
Big Tech May Be Required to Share Customer Data with Financial Firms
Dec 9 2019 // Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for...
