Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
California Workers’ Comp Rating Bureau Exploring Blockchain, Behavioral Science
Jul 2 2018 // One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as it turns out, the technology is of value to at least one very important...
Nevada-based Insurtech Talage Offering Workers’ Comp, Liability, Property Online
Jun 29 2018 // Talage Inc. is an insurtech to its core – both in function and name. The Reno, Nev.-based software platform designed to help small business owners compare and quickly purchase a range of commercial insurance policies...
Beware ‘Tsunami’ Effect of Artificial Intelligence, Warns Allstate CEO Wilson
Jun 29 2018 // Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in...
Erie’s Banocy Joins Great American Insurance as Innovation Strategy VP
Jun 29 2018 // Great American Insurance Group has hired Christopher M. Banocy as divisional vice president for Innovation Strategy within its Property & Casualty Group. In this role, Banocy will provide leadership, strategy, and...
Chinese Tech Firms Seek to Shake Up State-Run Health Sector with AI and Big Data
Jun 29 2018 // In the eastern Chinese city of Hangzhou, an ambulance speeds through traffic on a wave of green lights, helped along by an artificial intelligence (AI) system and big data. The system, which involves sending information to...
Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care
Jun 28 2018 // Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will give the retail giant an immediate nationwide drug network. The move represents a formidable...
Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services
Jun 28 2018 // German auto supplier Robert Bosch GmbH is teaming with Canadian startup Mojio to get more vehicles connected wirelessly to a wide range of digital services, from insurance companies to emergency responders, the companies...
Insurtech Agency CoverWallet Offers Its API for Other Small Firms to Offer Insurance
Jun 27 2018 // Digital small business insurance agency CoverWallet, which is partly owned by insurers Zurich Insurance and Starr Companies, is expanding its distribution by letting other small businesses such as accountants and lenders...
Cycling Safety: Insurance Industry, Virginia Tech Rate Biker Helmets
Jun 27 2018 // The next time you hop on a bicycle to head across town, consider this: your helmet may not perform well enough in an accident. A first-of-its-kind study using the latest techniques for simulating head injuries found...
Partnering with Insurtech to Transform Rather Than Disrupt Insurance
Jun 26 2018 // The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive,...
California Workers’ Comp Rating Bureau Exploring Blockchain, Behavioral Science
Jun 22 2018 // Powered by InsuranceJournal.tv One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as it turns out, the technology is of value...
EU Parliament Panel Backs Stricter Copyright Rules Opposed by Tech Leaders
Jun 21 2018 // Google, Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday. The copyright rules, proposed by...
Toyota’s $1B Investment in Ride-Hailer Grab Opens Door to Data-Driven Insurance
Jun 20 2018 // By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time...
Custody Protection, Regulation, Insurance Seen Paving Way for Shift to Cryptocurrencies
Jun 18 2018 // Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he’s long contended with a headache: Ensuring his holdings aren’t stolen. Samani, a...
Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage
Jun 18 2018 // Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a...
24/7 Tech: Not Normal or Healthy
Jun 18 2018 // In an “always on” society – where we constantly carry mini-computers in our pockets that are capable of solving nearly any problem or desire with a tap, pinch or click – we can’t seem to...
Insurtech Investments Hit New High in Q1: Willis Towers Watson
Jun 18 2018 // Insurtech investment deals reached a new high in the 2018 first quarter, with older insurers and reinsurers increasingly committing financing right along with traditional venture capitalists, Willis Towers Watson...
Keeping Up With Construction Insurance
Jun 18 2018 // Brokers who specialize in the construction industry love their clients and are very committed to keeping up with their needs. Ask them, “So what’s new?” and the conversations inevitably veer off in...
I.I.I. on How Insurance Boosts Economy, Communities and Innovation
Jun 18 2018 // While consumers understand insurance as protection against financial loss, the industry’s contribution to the economy goes much further. A white paper from the industry’s Insurance Information Institute argues...
J.D. Power: Why Lemonade’s Policy 2.0 Matters
Jun 18 2018 // Recently insurtech start-up Lemonade launched a product initiative called Policy 2.0. According to Lemonade, it will simplify the language within a standard insurance policy so insureds can easily understand what is and is...
