Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies
Apr 22 2019 // Cytora, the London-based provider of artificial intelligence-powered solutions for the commercial insurance industry, announced it has raised £25 million ($32.5 million) in new financing, which will be used to accelerate...
Car Sharing Lobbyists Battle Car Renting Lobbyists, Driving State Lawmakers Crazy
Apr 19 2019 // The bill that turned Illinois into the focal point of a bitter debate over car-sharing last year started as a proposal about what happens when a rental car is stolen. The legislation, which would allow rental companies to...
Driving in Georgia While Sitting in California; Remote Control Beats Autonomy
Apr 18 2019 // For four days in February, Ben Shukman showed up to his office at Phantom Auto in Mountain View, California, sat down in front of a bank of computer screens with a steering wheel in a darkened room, and began driving. As...
Insurers Are Curious, Cautious When It Comes to Chatbots for Claims
Apr 15 2019 // The insurance industry is slowly recognizing the potential of chatbots to free up resources and improve customer service, even as it recognizes the potential of the technology to sour relationships with customers,...
Automation, Artificial Intelligence Part of Plan for Modernizing Texas Insurance Department
Apr 15 2019 // Becoming the chief insurance regulator of a large and populous state with the second largest insurance market in the country was never in Kent Sullivan’s game plan. But when Texas Gov. Greg Abbott asked Sullivan to...
How Real Are ‘Ethical Artificial Intelligence’ Efforts by Tech Giants?
Apr 11 2019 // The biggest tech companies want the public to know that they’re taking special care to ensure that their use of artificial intelligence to sift through mountains of data, analyze faces or build virtual assistants...
Insurtech Lemonade Raises $300 Million; SoftBank, Allianz, Alphabet Among Investors
Apr 11 2019 // Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General...
Missouri University Scientists Using AI to Design Flood Evacuation Plans
Apr 10 2019 // Transportation agencies and first responders may soon get help from artificial intelligence to determine the best evacuation routes during floods such as those affecting portions of Missouri and the Midwest. Researchers at...
What’s In Store for Insurance Industry As It Enters Post-Digital Era?
Apr 10 2019 // The insurance industry is entering a new “post-digital” era where success is based on an organization’s ability to master artificial intelligence (AI) and other new technologies. The post-digital era...
Michigan InsurTech Accelerator Welcomes 3 New International Startups
Apr 9 2019 // Lansing, Michigan-based PROTO InsurTech, a business accelerator and equity investment fund led by Lansing Economic Area Partnership (LEAP), said three new international high-tech startups have begun operating in...
UK Joins Global Backlash Against Tech Firms that Fail to Control Harmful Content
Apr 9 2019 // The U.K. joined a growing global backlash against technology companies such as Facebook Inc. and Twitter Inc., proposing fines and bans if social-media platforms fail to curb illegal activity. The government outlined plans...
MIT Researcher Exposing Bias in Facial Recognition Tech Triggers Amazon’s Wrath
Apr 8 2019 // Facial recognition technology was already seeping into everyday life — from photos on Facebook to police scans of mugshots — when Joy Buolamwini noticed a serious glitch: Some of the software couldn’t detect...
Fixing Errors in Autonomous Cars’ Perceptions Before They Hit the Road
Apr 5 2019 // It’s a big question for many people in traffic-dense cities like Los Angeles: When will self-driving cars arrive? But following a series of high-profile accidents in the United States, safety issues could bring the...
Woman Pleads Guilty to Defrauding Rhode Island Tech Company of $500K
Apr 4 2019 // A Massachusetts woman has pleaded guilty to defrauding a Rhode Island technology company out of more than $550,000 in reimbursements for business expenses. Jill Martinho entered her plea to wire fraud and willfully making...
Tech Firms Face Fines and Jail for Failure to Remove Violent Content in Australia
Apr 4 2019 // Australia will fine social media and web hosting companies up to 10 percent of their annual global turnover and imprison executives for up to three years if violent content is not removed “expeditiously” under...
How Insurtech Will Revolutionize Inland Marine by Cutting Costs
Apr 4 2019 // Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible...
IA Capital Group Raises $150 Million for Insurtech Investing
Apr 4 2019 // IA Capital Group, an insurtech-focused venture capital firm, said it has raised $150 million across three funds. The three funds are Inter-Atlantic Stonybrook Insurtech Ventures, focusing on property/casualty insurtech;...
Modernization on the Mind of Texas Insurance Commissioner
Apr 2 2019 // Powered by InsuranceJournal.tv Note: This is the first of a three-part series resulting from a conversation with Texas Insurance Commissioner Kent Sullivan. Becoming the chief insurance regulator of a large and populous...
How Errors & Omissions Lawsuits May Change
Apr 1 2019 // Artificial Intelligence and Private Equity Investments Will Play an Increasing Role Plaintiff attorneys, at least the smart ones, must make sales decisions, too. Whereas a smart producer will create a pipeline that filters...
How Drones and Aerial Imagery Use Rose to New Heights Post 2018 Catastrophes
Apr 1 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
