Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund
Feb 20 2019 // European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a...
How Pricing Insurance for Cars of Future Could Bring Insurers, Carmakers Together
Feb 19 2019 // Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would...
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
Look Who Is Betting on the Agency System
Feb 15 2019 // According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting...
Mayor Establishes D.C. Financial Services Regulatory Sandbox, Innovation Council
Feb 14 2019 // District of Columbia Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council. The council is charged with studying and reporting on the feasibility of...
MS Amlin Launches Comprehensive All-Risks Policy for UK Tech Sector
Feb 14 2019 // MS Amlin, the specialist global re/insurer, has launched a comprehensive all-risks policy designed for the technology sector in the UK, which is called Technology Combined. The product provides companies with cover against...
Whew! Human Beats IBM’s AI Machine in Debate
Feb 13 2019 // International Business Machines Corp. fell short in its latest attempt to prove machines can triumph over man. But it came close. The tech giant’s six-year-old artificial intelligence debating system, affectionately...
Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs
Feb 13 2019 // Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range...
Cook Named Next Managing Director of Iowa’s Global Insurance Accelerator
Feb 13 2019 // The Global Insurance Accelerator (GIA), headquartered in Des Moines, Iowa, has appointed Nicole Cook as the group’s managing director effective May 1. She joined the GIA full time on Feb. 11. During the GIA’s...
InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day
Feb 13 2019 // Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics...
Nationwide Invests in Core Systems Insurtech Start-Up Socotra
Feb 13 2019 // Nationwide’s latest venture capital investment is in a core technology start-up that promises to help insurers create new insurance products and get them to market faster and integrate more easily with future...
Hartford InsurTech Hub Welcomes 2019 Cohort of Startups
Feb 8 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has welcomed its 2019 cohort of startups to Hartford, Conn. The chosen startups cover a range of abilities, from property insurance claims to peer-to-peer insurance (P2P)...
Microsoft’s Home State’s Facial Recognition Privacy Bill Could Be Model for Others
Feb 8 2019 // Two months after calling for laws to regulate facial-recognition software, Microsoft Corp. is lobbying on behalf of a first-of-its-kind bill in its home state of Washington. The question is whether cross-town rival...
Artificial Intelligence Startups Win Zurich’s 1st Global Insurtech Competition
Feb 8 2019 // Zurich Insurance Group announced that the gold and silver winners for its first global insurtech competition were startups that have developed artificial intelligence-based solutions. Toronto-based Chisel AI was the gold...
Zurich Insurance Reports 24% Jump in 2018 Net Income Driven by Life, P/C Units
Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...
Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO
Feb 6 2019 // Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at...
Insurtech CoverHound Raises $58 Million to Drive Cyber Unit, Open North Carolina Office
Feb 5 2019 // Digital property/casualty insurance platform CoverHound announced it has raised a $58 million Series D funding round. Global specialist insurer Hiscox led the round, along with additional investors including Chubb, Aflac...
Swiss Re Partners with Insurtech Firm OZON, Offering Cyber Risk Solution in France
Feb 5 2019 // Swiss Re Corporate Solutions is expanding its cyber offering by launching CyberSolution 360°, a risk management solution that combines insurance with cyber attack protection services. Developed in the exclusive...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Feb 4 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
A Regulatory Sandbox for Insurtechs?
Feb 4 2019 // A Regulatory Sandbox is the title given to the concept that regular regulations should not apply to insurtech companies. The reasoning is that technology can provide a better consumer experience than traditional carriers...
