Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
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...
The Lowdown: Innovation, Social Inflation, Hot Markets and More…
Dec 4 2019 // I recently had the benefit of attending the Society for Insurance Research 49th annual conference, where I was immersed in discussions about data, research, artificial intelligence, machine learning and more. This intimate...
Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 4 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...
China’s Insurance Giant Ping An Increasingly Focuses on ‘Technology Plus Finance’
Dec 3 2019 // Just 31 years after it was founded in China’s southern city of Shenzhen, Ping An Insurance (Group) Co. has grown into the world’s second-largest insurer by market value after Berkshire Hathaway Inc.—more...
Analysis: Louisiana Government Cyberattack Could Have Been Worse
Dec 3 2019 // The cyberattack on Louisiana’s state government computer servers disrupted agency operations and made going to the Office of Motor Vehicles even more headache-inducing than usual. But it was nowhere near the...
Attracting Innovative Talent in the Data-Driven Age
Dec 2 2019 // Data has always played an important role in the insurance industry. From actuarial analysis and risk predictions to pricing, insurance is grounded in using available information to understand the probability of certain...
Program Business Continues Record Growth Despite Market Challenges
Dec 2 2019 // Underwriters Search for ‘New’ and ‘High Risk’ Spaces to Target Fueled by investments from insurtechs and interest in niche classes, the program business market has experienced record growth over the...
Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M
Dec 2 2019 // The tech-enabled high-end home insurance provider Openly has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture...
Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M
Nov 26 2019 // The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s...
Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance
Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...
FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain
Nov 26 2019 // Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a draft...
Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr
Nov 25 2019 // Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported. The insurtech said it...
Watch Out Finance, Business, Tech Workers. Artificial Intelligence Is Coming.
Nov 21 2019 // Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before. White-collar jobs and better-educated occupations along with...
AXA XL Launches Risk Innovation Incubator Called ‘Cube’
Nov 20 2019 // AXA XL Insurance launched Cube, a risk innovation incubator, a six-week program designed to enable risk managers to work alongside AXA XL risk and innovation experts to develop innovative risk management solutions for...
Insurtech Vouch Raises $45M, Announces Launch in California
Nov 20 2019 // Vouch Insurance this week announced a $45 million Series B investment round led by Y Combinator Continuity. Vouch also announced its launch in California, which the firm said represents 50 percent of the business insurance...
Salesforce Unveils Software Using Amazon AI to Speed Up Call Center Responses
Nov 20 2019 // Business software provider Salesforce.com Inc. said on Tuesday it would use artificial intelligence (AI) technology from Amazon.com Inc.’s cloud computing unit to improve customer service apps. Salesforce makes...
Microsoft Puts Israeli Facial Recognition Startup Under Ethics Microscope
Nov 18 2019 // Microsoft Corp. has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company...
Florida Expands Access to Insurtech Services and Devices
Nov 18 2019 // On June 28, 2019, Florida Governor Ron DeSantis signed House Bill 301 into law and, in doing so, loosened regulatory restrictions and allowed insurers and their agents to utilize innovative technologies to reduce perils to...
Robotaxi Tech Proving Difficult to Perfect: Daimler CEO
Nov 15 2019 // Daimler has taken a “reality check” on self-driving “robotaxis,” acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential. Chief...
Hartford InsurTech Hub Welcomes Top Startups for 2020
Nov 15 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has announced its 2020 cohort of startups. The past two cohorts have consisted of ten startups, and with the help of the Hub’s partners, the accelerator program...
