Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Learning by Doing and Undoing: Insurtech Pilots and Pivots
Jan 4 2019 // “If you can’t admit a failure, you’re not an entrepreneur. You are not a good business person. There’s nothing brilliant about what you are doing.” –Mark Cuban Insurtechs are great for...
Protean Risk Launches Insurance Coverage for Fintech Sector
Jan 4 2019 // Specialist fintech insurance broker Protean Risk, a, has launched a new insurance product designed to target key operational risks impacting the financial technology sector – broadly categorized as theft, fraud,...
How Big Tech Is Using Artificial Intelligence to Stop Hackers
Jan 3 2019 // Last year, Microsoft Corp.’s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company’s administrators, who usually logs on from New York, was trying...
Wisconsin Real-Time Weather Data Startup Poised for Expansion
Jan 2 2019 // Understory, a Madison, Wisconsin, startup whose ultra-local weather sensors can tell if a hailstorm that pelted your roof or a downpour that flooded your street left damage in its wake, is heading into a year of explosive...
How Big Tech Flirted with Insurance in 2018
Jan 2 2019 // The almost weekly headlines about insurers and venture capitalists investing in insurtechs and tech-savvy insurance startups sometimes blocked the view of what established big technology firms were doing in...
Competition in Artificial Intelligence Is Like New Space Race: Viewpoint
Jan 2 2019 // It’s been another year of relentless artificial-intelligence hype and incremental AI achievement. Machines still beat humans only in carefully constructed environments or at narrow tasks. The good news is that, as...
Los Alamos Lab Research Findings Could Lead to Earthquake Early Warning System
Dec 18 2018 // Machine-learning research published in two related papers today in Nature Geosciences reports the detection of seismic signals accurately predicting the Cascadia fault’s slow slippage, a type of failure observed to...
Insurance Tech Firms Prima Solutions and Effisoft Complete Merger
Dec 18 2018 // Two French insurance technology firms, Prima Solutions and Effisoft, have merged. Effisoft is a Paris-based international group that designs software for insurance and reinsurance professionals. The group specializes in...
JLT Re Partners with Insurtech for Auto Insurance MGA Pact
Dec 17 2018 // Reinsurance broker JLT Re North America is partnering with Pact Insurance, a personal auto insurtech company, to develop digital insurance products for mobility risks. Pact is a managing general agency headquartered in San...
Connecticut Insurance Department Partnering with RiskGenius in Tech Pilot Program
Dec 14 2018 // The Connecticut Insurance Department is one of nine state insurance regulators participating in a pilot program to test a web-based platform that uses machine learning. The pilot states are partnering with RiskGenius, a...
Analysts See Autonomous Flying Vehicles Taking Off
Dec 14 2018 // Flying cars, long a staple of science fiction, may be landing in the real world sooner than you think. Sleek vehicles floating above their more chaotic, terrestrial siblings are common trope in stories of a more...
UK Fintech Startup Revolut Gets EU Banking License in Lithuania
Dec 13 2018 // Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of...
Cincinnati Insurance to Open Facility at U. of Cincinnati’s Innovation Hub
Dec 6 2018 // Cincinnati Financial Corp.’s property casualty subsidiary, Cincinnati Insurance Co., will open an innovation center within the University of Cincinnati’s 1819 Innovation Hub in early 2019, the company said. UC...
AIG Chief Data Officer DalleMule Jumps to Insurtech Startup Planck
Dec 6 2018 // Planck Resolution, AI-based data platform for commercial insurance, has hired Leandro DalleMule as general manager, North America. Prior to joining Planck Resolution, DalleMule was the chief data officer (CDO) and head of...
EU Lawmakers Target Big Tech Firms’ Unfair Business Practices
Dec 6 2018 // EU lawmakers agreed on Thursday to take a tougher stance against tech giants such as Google , Amazon and Apple in new legislation aimed at curbing unfair business practices. A European Parliament committee voted in favor...
Chinese Manufacturer Ninebot’s Dominance Has Startups Sharing Scooter Product Risks
Dec 6 2018 // Scooter-sharing company Lime recently relayed a troubling message to its users: a portion of its fleet was at risk of bursting into flames. The startup recalled about 2,000 vehicles, less than one percent of its scooters,...
JenCap Holdings to Acquire Risk Innovations of Atlanta
Dec 5 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, will acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed. Risk...
Small Business Insurtech CoverWallet Expands to Offer Its Tech, Markets Access to Agents
Dec 4 2018 // CoverWallet, a technology company that has been on a mission to “reinvent insurance for small business” customers, is now offering its platform for insurance agencies, the company revealed today. With 16...
Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion
Dec 3 2018 // Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told...
AI Enhances Highway Safety in Las Vegas
Dec 3 2018 // Artificial intelligence is helping improve safety along a stretch of Las Vegas’ busiest highway. The Nevada Highway Patrol says a yearlong partnership between public safety agencies and a startup technology firm...
