Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
China’s Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3
May 24 2016 // China’s second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 which is working on ways blockchain technology can be used in financial...
Startup Embroker Raises $12.2M; Offers Firms Control Over Insurance Buying, Management
May 17 2016 // Investors have given $12.2 million to fund an insurance broker offering a cloud-based risk and insurance management system for small and mid-sized businesses. The broker, Embroker, promises to empower commercial lines...
Nominations Announced for 1st Efma-Accenture Innovation in Insurance Awards
May 13 2016 // Nominations have been announced for the first Efma-Accenture Innovation in Insurance awards, launched this year to identify and award the most innovative insurance initiatives and projects around the world. Efma received...
Pennsylvania Officials: $11M Fine Against Uber Could Stunt Tech Growth
May 9 2016 // Pennsylvania Gov. Tom Wolf and Pittsburgh-area officials want the state’s regulators to greatly reduce their record-setting $11.4 million fine against ride-sharing company Uber. The Public Utility Commission fined...
Some Insurers Have More to Gain from Underwriting Technology Than Others
May 6 2016 // Personal Lines Insurers Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found. “They are more likely to have a homogenous book of business and a...
How Driverless Cars Could Disrupt Investors
May 5 2016 // The development of self-driving cars is a good example of how, and why, the future may be a less profitable place for investors. Volvo Cars, one of scads of technology and automotive firms working along the same lines,...
Timeline: From Teen to Octogenarian, How Buffett’s Wealth Has Grown
May 2 2016 // In 2016, it’s easier than ever to play the financial markets. From the explosion of online brokers to the rise of robo-advisors, armchair investors have dozens of tools just a few clicks or taps away. Daily trading...
Australian Tech Entrepreneur Confirms He Is Bitcoin Creator: BBC Report
May 2 2016 // Australian tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin, ending years of speculation about a person who until now has gone by the name of Satoshi...
Young Consumers More Trusting of Autonomous Vehicles: J.D. Power
Apr 29 2016 // Trust in automation technology including driverless cars is very much age dependent, as younger consumers have a notably higher level of confidence in the technology than their older counterparts, according to the J.D....
French Startup Drivy (‘Airbnb for Cars’) Raises $35M to Expand; Insured by Allianz
Apr 28 2016 // Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued expansion across...
Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research
Apr 27 2016 // While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals...
Reuters Special Report: How Google Is Winning Acceptance of Driverless Vehicles
Apr 27 2016 // The Alamo Drafthouse Cinema Plaza in Austin, Texas is a strip mall with a pet-accessories store, a Thai restaurant and a yogurt shop, an unlikely venue to display the high-tech future. But one Saturday morning in March,...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
Automakers, Tech Industries Must Plug Cybersecurity Gaps, Says U.S. Official
Apr 14 2016 // Internet-connected and driverless cars could be targets for hackers — potentially including terrorists and hostile nations — so the automotive industry must ensure vehicles have built-in cybersecurity...
RIMS 2016: Wearable Tech, Automated Vehicles Dominate Insurance Horizon
Apr 12 2016 // Imagine sitting at your desk writing a quote for an insurance policy and suddenly the lapel of your coat begins angrily buzzing, snapping you out of a daze and causing you to quickly straighten up and become alert. The...
Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts
Apr 7 2016 // The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is accelerating its cost...
Mentorship, Innovation Are Priorities for Global Insurance Accelerator
Apr 4 2016 // Just as Iowa, and Des Moines in particular, in the 1980s fostered a business climate that enabled insurance and financial institutions to prosper there, those same forces, intent on creating an environment that supports...
Markel International Launches Fintech Business Protection Cover
Mar 31 2016 // Markel International, the London-based specialist insurance subsidiary of Markel Corp., has launched a policy offering comprehensive protection for businesses in the financial technology (fintech) sector, which includes...
Ideas, Innovation and Mentorship Mix at Global Insurance Accelerator
Mar 30 2016 // Iowa, and Des Moines in particular, in the 1980s fostered a business climate that enabled insurance and financial institutions to prosper there. Today, the focus is on creating an environment that supports innovation and...
Startup Slice, Offering Insurance for On-Demand Workers, Raises $3.9M
Mar 29 2016 // Slice Labs Inc., an instech startup set to launch an on-demand platform to sell insurance to participants in the on-demand economy, said it has secured $3.9 million in seed funding led by Horizons Ventures and XL...
