Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
USAA Among Backers of Home Water Damage Prevention Startup Flo
Nov 20 2017 // Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 million from investors led...
Recent Hurricanes Highlight the Need for Digital Transformation in Insurance
Nov 20 2017 // The claims for Hurricane Irma are starting to pour in and they’ll be big, $25 billion to $35 billion, forecaster AIR Worldwide says. The scenes of flooding, displaced people, wrecked homes and disrupted communities...
Tech Tips to Reach Millennials: Tech Talk
Nov 20 2017 // Independent agents are slowly accepting the fact that they need to reach out to millennials more effectively. Much of the generation that is now between the ages of 20-36 is entering its prime earning years and starting...
Insurtech Startup Debuts with $6M and Proactive Cyber Risk Product
Nov 16 2017 // A California insurtech startup with a new cyber product has launched today to offer brokers and their clients what it calls “redesigned insurance, with cyber security expertise at its core.” Mountain View,...
Humans Must Fight the Driverless Dystopia: Viewpoint
Nov 14 2017 // Two iconic figures in the car industry — former General Motors head of product development Bob Lutz and Renault-Nissan-Mitsubishi Alliance Chairman Carlos Ghosn — have recently outlined competing visions for the future...
Xceedance Makes Equity Investment in Startup Blockchain Specialist ChainThat
Nov 14 2017 // Xceedance, the provider of insurance consulting, managed services, technology and data sciences, announced a multi-million dollar “Series A” equity investment in ChainThat, a London-based blockchain specialist...
Uber, Tech Firms Helping Their Contract Workers Sign onto Obamacare
Nov 14 2017 // Uber Technologies Inc. and some smaller technology companies are launching campaigns to publicize Obamacare enrollment among their contract workers after the Trump administration slashed government marketing for the health...
How Sex Trafficking Became Battleground in Fight Over Big Tech Immunity
Nov 9 2017 // During last week’s hearings about the industry’s role in the 2016 presidential election, one ominous moment for Big Tech came when California Senator Dianne Feinstein, the industry’s representative in...
French Startup Navya to Roll Out $290,000 ‘Robotaxi’ in Paris Within Weeks
Nov 8 2017 // Navya Technologies SAS will roll its robot-driven automobiles onto the cobbled streets of Paris in the next few weeks to try and beat behemoths from General Motors Co. to Alphabet Inc. at proving autonomous cars are...
Insurtech-Led TPA, Advent Claims, to Administer Claims for Principia Underwriting
Nov 8 2017 // Advent Claims, the insurtech-led claims third party administrator (TPA), announced it has signed an agreement to administer all claims for Aquila Underwriting-backed MGA, Principia Underwriting. Principia, which previously...
Allianz Develops Blockchain Prototype for Captive Insurance Program
Nov 7 2017 // Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS’s Allianz Risk...
Breitstone Named CEO of Massachusetts Insurtech Company Goji
Nov 6 2017 // Peter Breitstone, a former senior executive at Insureon, Aon and Zurich, was named CEO of Goji, a Boston, Mass.-based, technology-enabled personal lines insurance distribution platform that matches high lifetime value...
Cyber Service: How the Market Is Dishing Out Innovation
Nov 6 2017 // No one knows what the future of cyber risk holds. But more market choices and value-added services are now part of this fast-growing market. “We don’t know,” said Blake Wiedman, partner at Nashville-based...
China May Be Poised to Outpace U.S., Europe in Insurtech Innovation
Nov 3 2017 // Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular – may be poised to outpace U.S. and European counterparts developing insurtech innovations. Unencumbered by...
Artificial Intelligence Poses Risks to Insurers, Banks, Warns Global Regulator
Nov 1 2017 // Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. The FSB, which...
AIG Renames Tech-Focused Commercial Insurance Unit Blackboard
Oct 31 2017 // American International Group’s technology-focused subsidiary formerly known as Hamilton USA has a new name, Blackboard. Hamilton USA was part of Hamilton Insurance Group. AIG announced plans to buy the unit in May...
QBE Invests in, Links With, Machine Learning InsurTech Startup RiskGenius
Oct 31 2017 // QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal...
Insurtech Startup Etherisc Offers Blockchain-Based Flight Delay Insurance
Oct 30 2017 // Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance payout in case a flight is...
Insurtech Zenefits, Co-Founder to Pay $1M for Misleading Investors
Oct 27 2017 // Silicon Valley business software startup Zenefits and its co-founder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled...
Citi’s Head of Insurance Investments Named COO of Ping An Fintech Fund: Sources
Oct 24 2017 // Citigroup’s Asia head of insurance investment banking Donald Lacey is leaving the bank to become the chief operating officer of Ping An Insurance Group Co of China’s Global Voyager Fund, sources familiar with...
