Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
U.S. Autonomous Vehicle Policy Attempts to Straddle Lanes of Safety and Innovation
Sep 22 2016 // The new U.S. policy on self-driving cars received a mixed reaction from highway-safety advocates who acknowledged the life-saving potential though warned of a world of “human guinea pigs.” The Transportation...
Metromile Auto Insurer Gets $192 Million, Mark Cuban and Mosaic’s 50 State Licenses
Sep 21 2016 // Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic...
Why Insurers Must Pick Up Their Technology Pace
Sep 20 2016 // The insurance industry is on the horns of a dilemma: how to use new technologies to improve their operations and how to insure the risks these new technologies present to their customers. The pace of technology is changing...
New Technologies: A Double-Edged Sword for Insurance Companies
Sep 19 2016 // The insurance industry is on the horns of a dilemma: how to use new technologies to improve operations and how to insure the risks these new technologies present to customers. Situation The pace of technology is changing...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Tech Talk: Digital Transformation 2.0
Sep 19 2016 // The just released Insurance Digital Transformation Study (available at www.insurancedigitalrevolution.org) sheds light on why agents struggle with adapting to digital technology. As we have discussed extensively, agents...
Munich Re Backs On-Demand Insurance Startup Trov’s Expansion in U.S. Market
Sep 13 2016 // Trov, an on-demand insurance startup, is revving up plans to enter the U.S. market in 2017, by way of a partnership with Munich Re. Munich Re, one of the world’s largets reinsurers, says it intends to provide...
Burnham Benefits in Southern California Taps Felish as Tech Specialist
Sep 12 2016 // Irvine, Calif.-based Burnham Benefits Insurance Services Inc. has named Meagan Felish a technology specialist. Felish has experience in online enrollment systems. Felish previously worked at Beal Benefits in Scottsdale,...
Federal Suit Filed by Former Employees of Indiana-Based ITT Tech Institute
Sep 9 2016 // Two employees laid off by the parent company of Indiana-based for-profit college chain ITT Technical Institute have filed a lawsuit claiming the company violated federal law by not providing 60 days’ notice. Allen...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Venture Capital, Traditional Insurer Interest in Insurtech Remains High
Aug 24 2016 // Even though venture capital investments in venture capital-backed financial technology (fintech) companies fell more than 50 percent globally during the second quarter of 2016, interest in insurance technology startups...
Interview: Public Affairs ‘Ironman’ Kevelighan Takes Helm at I.I.I.
Aug 16 2016 // Committing to a few extreme physical fitness events every year keeps Sean Kevelighan honest. “That, for me, is the incentive to insure that I keep my training going. It’s really good for your health, obviously,...
Delta System Failure Highlights Need for Airline Technology Upgrade
Aug 10 2016 // The failure of Delta Air Lines Inc.’s worldwide computer network this week spotlights the vulnerability of the information systems sustaining the biggest U.S. carriers, each of which has contended with major...
What to Know About Liability and Legal Costs for Apps
Jul 25 2016 // The purchase and use of smartphones, tablets, wearable computers and other mobile computing devices (MCDs) connected to the internet have experienced staggering growth in the past several years. Soon after the Apple App...
Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products
Jul 25 2016 // Munich Re has partnered with New York City-based insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing...
Fintech Startup Gets German Banking License – with Plans to Offer Insurance
Jul 21 2016 // N26, a Berlin startup that offers financial services directly to consumers, said Thursday it’s received a German banking license that will let it offer a fuller range of products across Europe. The company, whose...
SoftBank & Honda Aim to Develop Talking Cars that Read a Driver’s Emotions
Jul 21 2016 // On the heels of its $32 billion takeover of chip designer ARM Holdings, SoftBank Corp. founder Masayoshi Son is embarking on another “crazy idea”: talking cars that can read a driver’s emotions. The...
Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report
Jul 20 2016 // The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, connected cars and the...
Beecher Carlson Adds Brainard as Innovation Chief, Names Darrr Practice Leader for National Casualty
Jul 20 2016 // Atlanta-based Beecher Carlson Insurance Services has expanded its National Casualty Practice leadership team, creating a new innovation chief position and appointing a new practice leader. Sharon Brainard will take on the...
