Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Blind Americans Want to Participate in Future of Driverless Vehicles
Jul 19 2017 // Anil Lewis was behind the wheel of his Ford Mustang convertible on a sunny Atlanta day in 1988, when he nearly hit a pedestrian who appeared in a crosswalk ahead of him, seemingly out of nowhere. It was then Lewis realized...
Allianz Forms Online Aircraft Insurance Partnership with Insurtech Firm Visicover
Jul 19 2017 // Allianz Global Corporate & Specialty (AGCS) announced it has formed a partnership agreement with insurtech company, Visicover. Visicover’s existing and new aeroplane and helicopter insurance products now will be...
Novarica: Commercial Insurers Prioritizing Tech Advancements
Jul 18 2017 // A new report by the research and advisory firm, Novarica, shows that commercial insurance carriers are modernizing policy administration systems and agent portals to support complexities of business. Novarica also says use...
XL Catlin’s Accelerate Unit Appoints Artificial Intelligence Expert from Tesco
Jul 17 2017 // XL Catlin announced the appointment of Ashish Umre as Accelerate partner, Artificial Intelligence (AI), based in London. Accelerate is XL Catlin’s internal disruption and innovation team, which was established in...
China Regulators End Insurer Deal Spree, Favoring Risk Managers, over Risk Makers
Jul 14 2017 // The revolution in China’s insurance industry that helped unleash about $80 billion of acquisitions started with a whimper and ended with a bang. With little fanfare, China’s top insurance official, Xiang Junbo,...
Hamilton’s Macia Returns to AIG to Head Tech-Driven Subsidiary
Jul 13 2017 // Seraina (Maag) Macia, chief executive officer of Hamilton USA, which AIG is acquiring, is returning to American International Group (AIG) under its new CEO, Brian Duperreault. Macia has been named executive vice president...
Silicon Valley Fund Has $120M to Spend on Transportation Tech Including Insurance
Jul 13 2017 // Autotech Ventures, a Silicon Valley venture capital firm, said it had raised $120 million from automotive companies and financial investors for a fund that will invest in startups working on transportation services and...
Carrier Poll Shows Many Agents Expect Minor Tech Disruption by 2020
Jul 11 2017 // A new poll conducted by a Seattle, Wash.-based carrier that asked independent insurance agents what’s ahead in 2020 showed that roughly half of agents expect technology disruption to have a minor impact on their...
Silicon Valley Honors Munich Re US and Mozeika for Insurtech Leadership
Jul 11 2017 // A Silicon Valley innovation platform that connects technology startups, corporations and investors has recognized Munich Re, US for leadership in the insurtech space. The high-tech incubator and mentoring group known as...
Wisconsin’s Church Mutual: Outlook Upgraded; Sensor Technology Recognized
Jul 10 2017 // Merrill, Wis.-based Church Mutual Insurance Co. and its subsidiaries CM Vantage Specialty Insurance Co. and CM Regent Insurance Co. have earned a “positive” outlook for long-term issuer credit rating by A.M....
Looking at Insurtech the Wrong Way
Jul 10 2017 // Insurtechs stimulate a lot of debate among agents about the extent to which they pose a threat and what should be done to address it. Some dismiss the threat by analyzing flaws in a particular venture or mocking past...
Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations of Leadership
Jul 10 2017 // When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and...
Insurtech Startup Buys MGA in California with Aim of Delivering Product for Agents
Jul 10 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
Symantec to Acquire Israeli Cyber Security Startup Fireglass
Jul 7 2017 // Symantec Corp. is acquiring Israeli cyber security startup Fireglass, the company said on Thursday, in a small deal designed to boost its products that protect corporate email and web browsing from threats. Symantec is...
Startup Auto Insurer Root Expands by 2 States, Pairs with Lyft on Rental Coverage
Jul 6 2017 // Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an incident, Root will now...
Q&A: How Driverless Car Technology Could Impact New York and Other States
Jul 6 2017 // Powered by InsuranceJournal.tv New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going...
Chubb Launches New MasterPackage Policy for Tech Firms in UK, Ireland
Jul 5 2017 // Chubb has announced the launch of an expanded MasterPackage solution for technology companies domiciled in the UK and Ireland. The company described it as a comprehensive first and third party policy catering specifically...
Fearless Brokers on Disruption by Insurtech: ‘Bring It On’
Jul 5 2017 // Executives of retail and wholesale property/casualty brokers, who have heard predictions about disintermediation for years, are not worried about the latest wrinkle in the stories of their demise—the rise of insurtech...
Auto Insurance Market to Shrink by 70% by 2050: KPMG
Jun 29 2017 // Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated...
New Flood Insurance Product For Florida Homeowners Available from American Integrity
Jun 29 2017 // American Integrity Insurance Group (AI), a Florida-based insurance provider, has unveiled a private flood insurance option for homeowners. AI is one of nine Florida-based insurers to offer its own flood program that...
