Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune
May 15 2017 // American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the...
Manufacturing’s Share of Workers’ Comp Premium Is High Relative to Exposure: NCCI
May 15 2017 // In 2016 in the United States, the manufacturing sector produced nearly 72 percent more goods than in 1990, but manufacturers achieved that milestone with only about 70 percent of the workers that were on factory floors two...
Tech Talk: How to Use Digital Body Language
May 15 2017 // “When the eyes say one thing, and the tongue another, a practiced man relies on the language of the first.” — Ralph Waldo Emerson Agents pride themselves on their sales skills — to meet a prospect...
Allianz Global Corporate & Specialty Partners with Insurtech Firm to ID Liability Risks
May 11 2017 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability...
Bunker, Startup Broker for Small Business, Contractor Insurance, Raises $6 Million
May 11 2017 // Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American...
Startup Lemonade Enters California Homeowners, Renters Insurance Markets
May 10 2017 // Insurance startup Lemonade is now selling homeowners and renters insurance in California. California marks the third state of entry for the insurtech that is built on artificial intelligence and behavioral economics. It...
Will Technology Make Insurance Obsolete?
May 9 2017 // “Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April...
Insurtech Slice Now Offering Homeshare Insurance in California
May 8 2017 // Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California. The California Department of...
Digital Property Inspection Startup Spex Gains J.S. Held as Backer
May 8 2017 // J.S. Held, a Jericho, N.Y.-based construction and property damage consulting firm, said it has become a majority owner in Spex, a digital property inspection and reporting platform for the property/casualty insurance...
Uber Builds Toronto AI Team, as It Awaits Outcome of Autonomous Car Lawsuit
May 8 2017 // Uber Technologies Inc., in the midst of legal battle with Alphabet Inc. over self-driving car technology, is building a new artificial intelligence team in Toronto to help improve its autonomous vehicle software. The team...
Startup Next Insurance Raises $29 Million from Insurers, Other Investors
May 3 2017 // Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing...
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Virginia Tech Scientists: BP Oil Spill Caused $17.2B in Natural Resource Damage
May 1 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
In Denial Over Disruptive Technologies
May 1 2017 // There’s an apparent lack of awareness among many risk professionals on existing and emerging technologies, including telematics, sensors, the Internet of Things (IoT), smart buildings and robotics, and their...
How Future Tech Could Change Risk and Loss: Allianz Report
May 1 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according to a report published by...
Online Rideshare Insurance Offering Debut by CoverHound
May 1 2017 // CoverHound is getting into the rideshare insurance business. The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for...
Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards
Apr 28 2017 // Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at...
How Drivers Dress-Up Old Cars with New Safety Tech
Apr 28 2017 // Old cars can learn new tricks. For a few hundred dollars, drivers can add new safety technology — like forward collision warning systems or backup cameras — to older cars. Cars are lasting longer than ever thanks to...
RIMS 2017: Risk Managers in Denial Over Disruptive Technologies
Apr 25 2017 // The 14th annual Excellence in Risk Management report finds an apparent lack of awareness among many risk professionals on existing and emerging technologies including telematics, sensors, the Internet of Things (IoT),...
Society Must Prepare for Disruptive New Technologies, Warns Alibaba Chairman
Apr 24 2017 // Alibaba Group Holding Ltd. Chairman Jack Ma said society should prepare for decades of pain as the internet disrupts the economy. The world must change education systems and establish how to work with robots to help soften...
