Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
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...
Autopilot Warning May Not Help Tesla in Crash Defense
Jul 18 2016 // Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short. This month, two Teslas equipped with...
Chubb Enhances Cover for Tech Companies in UK and Ireland
Jul 15 2016 // Chubb announced that has enhanced MasterPackage for Technology Companies, its comprehensive single contract insurance solution for technology businesses in the UK, as it continues to expand its offering in this key sector...
Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products
Jul 12 2016 // Munich Re has partnered with 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 roll-out of products and...
Probe of Tesla Crash to Address Broader Safety Issues of Automation in Cars
Jul 11 2016 // For years, U.S. investigators have been calling for more automation on motor vehicles, such as sensors that slam on the brakes to prevent a crash. At the same time, the National Transportation Safety Board, in its probes...
Italy Car Insurance Tech Firm, Octo Telematics, Weighs Sale or IPO: Sources
Jul 11 2016 // Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by...
Connecticut Places ‘Unsteady’ Health Insurance Startup Under Supervision
Jul 11 2016 // Connecticut’s insurance commissioner announced Tuesday that nonprofit health insurer HealthyCT must be placed under state supervision to protect the company’s 40,000 policyholders. Commissioner Katharine Wade...
Tech Talk: Digital Dinosaurs and Insurance Competency
Jul 11 2016 // I have had agents tell me they have lost clients because of their “digital deficiencies,” which can include outdated websites and email systems and the lack of mobile capabilities. The exact mix of factors...
Cooper Gay Appoints Hacker as Group Chief Innovation Officer
Jun 30 2016 // Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group...
IBHS Receives 2016 IMCA Innovation Torchbearer Award
Jun 24 2016 // The Insurance Institute for Business & Home Safety (IBHS) received the 2016 Innovation Torchbearer Award from the Insurance Marketing & Communications Association. IMCA’s annual Innovation Torchbearer Award...
Channel Syndicate Launches Innovation Division, Names Allen as Tech Head
Jun 23 2016 // Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional...
Older Drivers Favor High-Tech Auto Features
Jun 22 2016 // High-tech safety features have jumped to a high priority for older U.S. car-shoppers, who want to keep their freedom of mobility, a study released Tuesday reports. Among Americans 50 and up who plan to shop for a car in...
