Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
State Auto Innovation Unit: $25M; 5 Insurtechs; 18 Months
May 24 2019 // State Auto Labs, the innovation arm of the State Automobile Mutual Insurance Co., says in the 18 months after launching its $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
EU’s Landmark Data Privacy Law, GDPR, Already Providing Global Standard
May 23 2019 // A landmark European privacy law is making waves worldwide a year after it came into force, fundamentally changing the way data are handled as Facebook, Apple and Google face increasingly frequent complaints. Adopted on May...
China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month
May 21 2019 // Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show — with 50 workers and visions of serving...
Florida InsurTech HoneyQuote to Offer Technology Platform to Business Partners
May 20 2019 // Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program,...
Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines and Globally
May 20 2019 // Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand...
Connecting the Dots in Agency Technology
May 20 2019 // To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
Emphasizing Empathy During Technological Transformations
May 20 2019 // The insurance industry is undergoing a technological transformation. Insurers are moving data to the cloud, using artificial intelligence and beginning to prepare for a potential blockchain economy. Products and services...
U.S. Blacklisting of China’s Huawei to Disrupt Global Technology Supply Chain
May 16 2019 // The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of...
Newfront Insurance in California Names Daoussis Head of Program Innovation
May 15 2019 // Newfront Insurance in San Francisco, Calif. has named Mike Daoussis a principal and head of program innovation. Daoussis will focus on building programs for Newfront. Daoussis has more than 43 years of experience in the...
Liberty Mutual Teams with MIT on Artificial Intelligence Research
May 10 2019 // The Massachusetts Institute of Technology (MIT) and Liberty Mutual Insurance announced a $25 million, five-year collaboration to support artificial intelligence (AI) research in computer vision, computer language...
Insurtech Investments Break New Records in Q1
May 10 2019 // Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months...
Lloyd’s Invests in AI Startup Offering Liability Insurance Platform for Small Businesses
May 9 2019 // Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the...
Starr Adds SkyWatch Drone Insurance to Broker Platform
May 9 2019 // Starr Insurance Companies and SkyWatch Ltd. have expanded the SkyWatch.AI drone insurance program to allow drone operators to purchase insurance from Starr through a SkyWatch.AI link, which will be available on select...
Going to Court Over Losses When Robot Is to Blame
May 7 2019 // Robots are getting more humanoid every day, but they still can’t be sued. So a Hong Kong tycoon is doing the next best thing. He’s going after the salesman who persuaded him to entrust a chunk of his fortune to...
Insurance Agency Management System Tech Firm Veruna Raises $6 Million
May 6 2019 // Veruna, a Massachusetts-based insurance technology developer of an agency management system built on the Salesforce platform, said it completed a $6 million Series A funding round. Founded in 2015, Veruna offers a...
Sniffing Out Particles, Singling Out Pigs: Food Industry Urged to Embrace Robots, AI
May 6 2019 // E.coli in beef. Metal shavings in bread crumbs. Contaminated water on vegetables. The food industry has its share of quality control scandals and their insurers have had their share of claims. Some believe food would be a...
Microsoft Tools Ease Access to Blockchain, Artificial Intelligence for Businesses
May 3 2019 // Microsoft Corp. on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use. Microsoft released the tools ahead of its...
Insurtech Agency Nsure Launches Personal Lines Platform in Florida
May 2 2019 // Nsure, an all-digital licensed insurance agency based in Florida, has introduced technology to provide real-time quote comparisons for home and auto insurance through a digital platform that allows customers to purchase...
Hartford InsurTech Hub Holds Demo Day, Completes Second Accelerator Program
Apr 30 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, hosted its second Demo Day at the Bushnell Performing Arts Center in Hartford, Conn., on April 26. The InsurTech Accelerator is the first component of Hartford InsurTech...
Getting Americans to Stop Using Phones While Driving
Apr 29 2019 // The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can’t stop themselves from talking, texting and livestreaming—yes, even using...
