Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
How Independent Agents Feel About Growth, Technology and Disruption
Nov 21 2016 // Property/casualty independent insurance agents are more optimistic this year than they were in 2015. Nearly half (49 percent) of agencies responding to an industry survey say they are “very optimistic” about...
How Tech Can Turn the Tide of Flood Insurance
Nov 21 2016 // As residents of coastal Louisiana, New York and New Jersey have discovered, a house with a sea view can carry a serious and soggy downside. In terms of storms and their severity, a building’s location has never...
Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition
Nov 18 2016 // China’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. rallied behind Beijing’s recently imposed cyber security law on Thursday, following criticism of it from overseas technology rivals. The...
Next Big Car Safety Feature Could be This Smartphone Camera App
Nov 16 2016 // Drivers in San Francisco, Manhattan and Tel Aviv may soon have another safety tool at their disposal: a mobile app that alerts them to dangers ahead in the road. Nexar Ltd., an Israeli startup whose app records video from...
How SEC Scrutiny of Unicorns Could Affect Private Company D&O Insurance
Nov 15 2016 // Underwriters of directors and officers (D&O) liability insurance should keep an eye on the increased scrutiny of “unicorn” technology firms by the U.S. Securities and Exchange Commission (SEC) for...
Safety Advocates Frustrated that Accident-Prevention Technologies Remain Optional
Nov 15 2016 // Computerized sensors that warn drivers they’re about to rear-end another vehicle or prevent other types of accidents are available on models made by every major auto manufacturer. The problem, according to a U.S....
Drone Makers Shift to Commercial Uses as Consumer Market Crashes
Nov 14 2016 // The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. 3D Robotics – an early drone startup that...
P/C Insurance Execs See Growth Coming from Technology Innovation, New Products
Nov 10 2016 // Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co. The annual survey polled executives from insurance and reinsurance...
Recent Cyber Attacks Reveal Dangers, Vulnerabilities of Internet of Things
Nov 8 2016 // Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things. The problem for the device makers,...
Closing Quote: Want Innovation? Ask the Right Questions
Nov 7 2016 // Innovation is a hot topic, with websites, researchers, authors and consultants sharing insights and revelations about how businesses can be more innovative in a continually challenging economy. While innovative businesses...
3 Ways Auto Insurers Should Adapt to Drivers’ Changing Road Habits
Nov 7 2016 // For a historically slow-moving industry, changes are occurring at a rapid rate in today’s auto insurance world. Drivers’ road habits are shifting and auto insurers should adapt to the changing behavior behind...
Startup Auto Insurer Root Targets Good Drivers with Smartphones
Nov 7 2016 // Root officially debuted in the U.S. market on October 25. The fledgling auto insurer, just 18 months old, relies on telematics and a customer’s smartphone to deliver what it says will be significantly cheaper rates...
Berkshire’s Workers’ Compensation Product Carries Risks of Innovation
Nov 4 2016 // David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could minimize injuries, he...
China’s Online Insurer ZhongAn Launches Fintech Incubator
Nov 4 2016 // ZhongAn Online Property & Casualty Insurance Co. Ltd., China’s first online insurance company, has launched a fintech innovation company. The company, called Called ZhongAn Information and Technology Services Co....
How Independent Agents Are Feeling About Growth, Technology and Disruption
Nov 3 2016 // Property/casualty independent insurance agents are more optimistic this year than they were in 2015. Nearly half (49 percent) of agencies responding to an industry survey say they are “very optimistic” about...
Lloyd’s Innovation Awards Go to Aon, Beazley, Cromar, Hiscox, Tokio Marine Kiln
Nov 3 2016 // Lloyd’s of London recently announced the winners of its 2016 Innovation Awards. Beazley, Cromar, Hiscox and Tokio Marine Kiln each picked up awards for innovative products or new ways of working. Aon won most...
Chubb Expands BOP Coverage to Small Technology Firms
Nov 3 2016 // Chubb has expanded its business owner’s policy, Chubb BOP, to the technology industry with specialized insurance features and benefits for risks faced by small businesses in the technology segment. Chubb BOP for the...
Indio, Tech Startup for Commercial Insurance Brokers, Raises $2 Million
Nov 1 2016 // Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth managers, said it has secured $2 million in seed financing. Venture capital firms NEA, Compound,...
Entrepreneur Shuts Startup After U.S. Questions Safety of Self-Driving Kit
Oct 31 2016 // Self-driving cars are getting closer by the day, but they won’t be coming from hacking phenomenon George Hotz. Hotz, the first person to jailbreak an iPhone and a vagabond of the world’s top tech companies, has...
IBM Sees Advantage in Client Owning Watson-Generated Knowledge
Oct 28 2016 // IBM Chief Executive Officer Ginni Rometty sees proprietary data combined with artificial intelligence technology as the competitive advantage for companies going forward. When International Business Machines Corp. works...
