Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Should Google’s Parent Buy AIG?
Feb 16 2016 // It’s an “audacious” idea, and Citigroup Inc. acknowledges as much. Google’s parent, Alphabet Inc., should buy American International Group Inc. to expand into financial services, and turn the...
CEO Exits As Tech Startup Broker Zenefits Confronts Culture, Compliance Bugs
Feb 9 2016 // Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad and appointed a new leader for the troubled tech company. David Sacks, a former executive at...
Data Conversion Startup Captricity Gets White Mountain Insurance Backing
Feb 3 2016 // Captricity Inc., an Oakland, Calif.-based startup that gives businesses in regulated industries easy access to customer data trapped in handwritten forms, has raised $35 million in a Series C round of financing led by...
Why Google’s Not So Smart or Fast and Insurance Agents Aren’t Dead… Yet
Feb 2 2016 // Insurance agents aren’t dead yet, but even underwriters participating in the personal automobile insurance market may be looking for another line of work within the next two decades, industry observers said at a...
Willis Re Joins with Tech Firm, Measure, to Raise Drone Usage for Insurers
Feb 2 2016 // Willis Re, the reinsurance business of Willis Towers Watson, announced a strategic partnership with technology company Measure to advance the use of drones within the insurance industry and bring the latest drone...
How Automation Will Whack Up to 25% of Insurance Jobs: McKinsey
Feb 1 2016 // Automation could leave up to 25 percent of the insurance industry’s current full-time positions consolidated or replaced over the next decade, McKinsey & Co. said in a new report, Automating the Insurance...
So, If the Future Arrived in 2015, What About 2016?
Jan 29 2016 // Repeatedly, we have described 2015 as the “year the future arrived for insurance.” Across the board, we saw significant changes in how carriers thought about the impact of new technology and innovation. It was...
New Travelers CEO Schnitzer Stresses Continuity, Innovation in Earnings Call Debut
Jan 28 2016 // The Travelers Companies held its first earnings call under new CEO Alan Schnitzer on Jan. 21 with the property/casualty carrier’s executives putting forth a message of continuity and normalcy, even in the face of a...
Firms Look at New Tools Designed to Foil Hackers as Firewalls Prove Inadequate
Jan 27 2016 // With firewalls no longer seen as enough of a defense against security breaches, companies are looking at new tools to foil hackers trying to enter a computer network. U.S. and Israeli startups are leading the way, with new...
Iowa-Based Global Insurance Accelerator Names 2016 Class of Startups
Jan 26 2016 // Global Insurance Accelerator (GIA), a Des Moines, Iowa-based global business accelerator focused on developing and growing innovative insurance-centric startups, has announced its 2016 portfolio. With a global pool of...
Inspiring Innovation an Aim of Iowa’s 3rd Global Insurance Symposium
Jan 25 2016 // Iowa will hold its third annual Global Insurance Symposium April 26-28, 2016, in downtown Des Moines. This year’s symposium is themed “Inspiring Innovation in the Insurance Industry.” Planners say...
Why Regulation Is Good for Driverless Cars
Jan 21 2016 // You don’t often hear a libertarian praising a federal regulator when it starts offering “guidance” and “coordination” for some innovative industry. Well, mark your calendars, folks, because...
Artificial Intelligence to Help Reduce Insurance Risks: Baidu President
Jan 21 2016 // It was hard to tell whether hope or fear was the predominant sentiment about the future of artificial intelligence, according to a panel discussing the state of the field at the World Economic Forum in Davos, Switzerland,...
Insurance Execs’ Midlife Crisis Cure: Four AIG, ACE Veterans Join Startup P2P Insurer Lemonade
Jan 12 2016 // An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE Insurance to round out its...
Crash Rates Lower for Self-Driving Cars: Virginia Tech Study
Jan 11 2016 // Crash rates for self-driving cars are lower than the national crash rate of conventional cars, according to a new report out of Virginia Tech Transportation Institute that was commissioned by self-driving car developer...
AIG Bets on Workplace Safety Wearables with Investment in Startup HCS
Jan 6 2016 // Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more...
Automakers Outpacing Tech Firms in Driverless Car Patents
Jan 5 2016 // Automakers, not technology companies, are in the driver’s seat in developing self-driving, “autonomous” cars, and Japan’s Toyota Motor Corp. is best positioned to lead the way, according to a new...
6 Forecasts for P/C Insurance in 2016
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
12 Insurance Talks to Hear Before the Ball Drops
Dec 31 2015 // As a property/casualty insurance professional, you had a lot on your plate in 2015. You didn’t get to watch, listen to or read everything you wanted. From the 2015 Wells Media archives, here are some talks you may...
Regulators Focused on Product Innovation, Emerging Trends
Dec 21 2015 // State-based insurance regulation has a 145-year history of effectively and successfully protecting consumers and fostering competitive insurance markets. As the 2016 president of the National Association of Insurance...
