Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Global Insurance Accelerator Boosts Its Funding for Insurtech Startups
Oct 3 2019 // The Iowa-based Global Insurance Accelerator will nearly double its seed funding for insurtechs accepted into the program in 2020. Nicole Gunderson, managing director for the GIA, said the increase is a way for the GIA,...
How the Future of Insurtech Innovation Is Tied to the Traditions of Regulation
Oct 3 2019 // It’s no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and insurtech experts said...
Watch Out Insurtechs: Nationwide Readies Own Digital Auto Insurance Platform
Oct 1 2019 // Nationwide plans on striking hard against digital insurer upstart competitors with the debut of Spire, a digital auto insurance platform with an eye on millennial customers. Spire, which will be rolled out in the 2019...
AI Specialist omni:us Awarded €1.6M from EU to Enhance AI-Powered Claims Platform
Sep 26 2019 // Artificial intelligence provider, omni:us has been awarded €1.6 million ($1.8 million) from the European Commission* to help it further develop its machine learning powered insurance claims platform. The grant to...
InsureTech Connect: Insurance Industry Needs to Understand What Business It’s In
Sep 26 2019 // LAS VEGAS — People who buy gasoline generally don’t care for the product or enjoy the experience of pumping gas: They just want to drive. Chris Colborn, chief experience officer for the Lippincott creative...
Rethinking the Limits of Parametric Insurance
Sep 24 2019 // It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades....
Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round
Sep 23 2019 // Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in...
The Lowdown: Reimagining Research to Recognize Emerging Insurance Industry Trends
Sep 19 2019 // The Society of Insurance Research (SIR) will hold their 49th Annual Conference on October 20th – 22nd at the Sheraton Charlotte Hotel in Charlotte, NC and I am thrilled to be attending. The theme for this year’s...
Agencies Form Venture to Accelerate, Invest in Insurtech Startups for Agents, Brokers
Sep 19 2019 // Six insurance agencies from across the country have joined together to form a program specifically for investors and innovators behind technology innovations for insurance agencies and brokerages. The new entity,...
Insurtechs Poised to Challenge Traditional Home Insurers: J.D. Power
Sep 18 2019 // Traditional home insurers appear to be in need of an image change, and that, in turn, could create a big opportunity for insurtech startups, according to the latest J.D. Power U.S. Home Insurance study. Approximately 74...
Iowa’s Global Insurance Accelerator to Host 17 Firms for InsurTech Week 2019
Sep 17 2019 // The Global Insurance Accelerator (GIA), a Des Moines, Iowa-based InsurTech accelerator focused on innovation for the insurance industry, says 17 companies will participate in its fifth annual InsurTech Week, being held...
Parents of Georgia Tech Student Shot by Campus Police Officer Sue School
Sep 16 2019 // The parents of a Georgia Tech student killed by a campus police officer two years ago have filed a wrongful death lawsuit against the school, the university system and the officer. Authorities have said university police...
Startup Agency Zeguro Helps Businesses Manage Cyber Risk and Insurance Premiums
Sep 16 2019 // Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber...
Conference: California Workers’ Comp Should Embrace Innovation
Sep 16 2019 // The workers’ compensation market apparently needs to do some catching up where it concerns technology. “Historically we’ve been really slow to adapt to technology and innovation,” said Shaun...
The Missing Value Proposition of High Quality Agents
Sep 16 2019 // I was having dinner with a close friend who is retired, has no debt and has decent wealth. He asked me why I think he needs insurance. He was wondering if insurance at this stage of his life was a waste. My heart sank....
Surplus Lines: Innovation Incubator
Sep 16 2019 // The surplus lines marketplace is often viewed as the insurer of last resort, the marketplace for bad risks with poor loss records. But particularly in a time of great economic growth like now — we’re also the...
Insurers Looking to Add Jobs in Low Unemployment, High Tech Environment
Sep 13 2019 // About 62 percent of insurance companies polled said they intend to increase staff in the next 12 months, according to the latest U.S. Insurance Labor Outlook Study conducted by recruitment firm The Jacobson Group and...
NFL Innovation Challenge: $3 Million for a Better Helmet
Sep 13 2019 // The National Football League wants a better helmet, and for the first time, it’s willing to pay for it. The richest and most-watched U.S. sports league has created the NFL Helmet Challenge, a $3 million, 18-month...
On Second Thought, Insurtech Next Insurance Thinks Agents Have a Role After All
Sep 12 2019 // Next Insurance has begun formally marketing a portal designed to help independent agents quickly quote and sell its policies. Next said the system, dubbed “Next for Agents,” had been in beta testing since April...
AXA XL Partners with Insurtech Neptune Flood to Expand Private Flood Insurance
Sep 12 2019 // AXA XL is partnering with digital private flood insurance program manager Neptune Flood in a strategic underwriting partnership that will more than double Neptune’s capacity across the country. According to CEO Jim...
