Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Wisconsin-Based Accelerator Boosts Startups in Insurance and Beyond
Apr 16 2018 // The insurance industry is not the only focus of the Madison, Wisconsin-based startup accelerator, gener8tor, but insurance is its oldest and largest operational sector. Founded in 2012 by attorneys Troy Vosseller and Joe...
2018 Young Agents Survey: Straight Talk From Young Agents
Apr 16 2018 // Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and...
Surplus Lines: Insurtech and Technological Opportunities, Challenges
Apr 16 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
MetLife Seeks ‘First-Mover’ Tech Advantage by Joining MIT Media Lab
Apr 12 2018 // MetLife has launched a multi-year collaboration with the Massachusetts Institute of Technology (MIT) focused on technologies that it believes will transform the insurance industry. MetLife has joined the MIT Media Lab. The...
VC Firm Eos Venture Partners Plans to Raise $100M for Insurtech Investment Fund
Apr 12 2018 // Eos Venture Partners, the insurance technology-focused venture capital firm, announced plans to raise a $100 million debut fund, EVP I. The fund will be one of the first global, independent insurtech investment funds...
Safety Worry: Keeping Humans In and Around Autonomous Vehicles Engaged
Apr 11 2018 // After partially faulting Tesla Inc.’s automation system for a 2016 fatal crash, U.S. safety investigators last year called on carmakers to do more to ensure drivers stay engaged as next-generation cars start to steer...
Investment in Innovation to Rock Chicago Stadium at Insurtech Conference
Apr 5 2018 // Three stages, a packed football stadium overlooking Lake Michigan, decked out luxury suites. A rock concert? No, it’s an insurance innovation and investment event. But some attendees might be star-struck by the...
The Lowdown: What PwC is Saying About Sleepless, Yet Optimistic, CEOs
Apr 4 2018 // This week’s Lowdown highlights the concerns of insurance CEOs, as reported by PwC in their 21st CEO Survey. According to the study, there remains a great deal of angst around technology but industry leaders joined in...
Tech-Focused Private Equity Firm Invests in Agency Tech Provider ITC
Apr 4 2018 // Texas-based ITC, a provider of websites, agency marketing, comparative rating and management software and services, announced today that it has received a majority equity investment from Accel-KKR, a technology-focused...
Safety Experts Weigh In on Autonomous Car Standards After Uber, Tesla Fatal Crashes
Apr 4 2018 // Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and technology experts said...
The Key to Unlocking Creativity? Promoting an Innovative Culture
Apr 2 2018 // The insurance industry stands amid an increasingly fast-paced, ever-changing business world. Insurance companies are now face-to-face with constantly evolving marketplace conditions — including climate concerns,...
Insurtechs Continue to Perform Miracles for Policyholders
Apr 1 2018 // APRIL 1, 2018— The competition among insurtechs trying to make their insurance customers “deliriously happy” continues to evolve with the latest news that one insurer is paying claims before they even...
Chubb Invests in Startup Bunker to Develop Gig Worker Insurance
Mar 29 2018 // Bunker and Chubb are working together to develop new insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker, committing at least $2 million to the startup digital broker and...
Uber Cut Back on Safety Sensors on Volvo Involved in Fatal Accidents: Reuters
Mar 27 2018 // When Uber decided in 2016 to retire its fleet of self-driving Ford Fusion cars in favor of Volvo sport utility vehicles, it also chose to scale back on one notable piece of technology: the safety sensors used to detect...
Startup Auto Insurer Root Raises $51 Million for Further Expansion
Mar 27 2018 // Columbus, Ohio-based auto insurer Root Insurance, which incorporates individual driver behavior data from mobile phone apps in every quote, announced the closing of a $51-million Series C funding round. Investors were led...
Taming Technochauvinism and Accepting Computers Don’t Always Get Things Right
Mar 27 2018 // An algorithm can predict which passengers survived the sinking of the Titanic in April 1912 and can do so with 97 percent accuracy—a result that both demonstrates the power of artificial intelligence and, more subtly,...
Supplier Claims Uber Disabled Its Safety Tech in Volvo That Caused Pedestrian Fatality
Mar 27 2018 // Uber Technologies Inc. disabled the standard collision-avoidance technology in the Volvo SUV that struck and killed a woman in Arizona last week, according to the auto-parts maker that supplied the vehicle’s radar...
After Uber Crash, Florida Still Welcomes Free-Range Robot Cars
Mar 26 2018 // Florida has been trying to lure self-driving cars to the state for testing on public roads, shaping laws that are much more lax than places like California and New York. The fatal accident last week in Arizona, another...
Chinese Tech Giant Baidu to Test Self-Driving Cars in Beijing
Mar 23 2018 // China’s capital city has given the green light to tech giant Baidu Inc to test self-driving cars on city streets, an important step as the country looks to bolster its position in the global race for autonomous...
Cloud-Based Insurtech Startup Insly Raises €2.2M ($2.7M) in Funding
Mar 23 2018 // Insly, a cloud-based insurance platform, announced an investment of €2.2 million (US$2.7 million), led by Concentric and Black Pearls VC. Founded in 2015, Insly offers insurance policy management for insurance brokers...
