Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Mar 19 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
Central Bankers Use AI to Assess Climate-Related Risks
Mar 19 2024 // Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Mar 18 2024 // Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of...
PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources
Mar 13 2024 // Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters. The...
Insurtech bolttech Partners with Saudi Telecom Group to Provide Embedded Insurance
Mar 12 2024 // Singapore-based insurtech bolttech announced its expansion into the Middle East with the launch of its partnership with telecommunications company stc Group. bolttech’s collaboration with Riyadh, Saudi...
Nvidia Is Sued by Authors Over AI Use of Copyrighted Works
Mar 12 2024 // Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart...
Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video
Mar 11 2024 // Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts. The regulator, known as Garante, asked...
States Scramble to Catch Up on Oversight as AI Pervades Everyday Life
Mar 11 2024 // While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job resumes, rental apartment applications, and even determining medical care in...
The National Alliance Launches Allibot: A NEW Artificial Intelligence Learning Tool for HS Students Earning the CISR Designation
Mar 11 2024 // AUSTIN, TX., March 11, 2024 — The National Alliance for Insurance Education & Research, a leader in risk management and insurance education, announces the release of Allibot, an advanced Artificial Intelligence...
Markets/Coverages: Mosaic Launches Primary Tech E&O Cover With Capacity of $15M
Mar 7 2024 // Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage to protect tech companies from increasing liability risks. The launch builds on Mosaic’s primary cyber...
AI Firms Face Growing List of Lawsuits. Here’s What to Watch
Mar 4 2024 // Artificial intelligence firms are facing increasing pressure from some of the world’s most formidable names in technology and media, as new tools spark fresh questions over the risks posed by chatbots that threaten...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding
Mar 4 2024 // San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark...
Climate Tech Firm to Pilot Fast-Paying Flood Insurance in Africa
Mar 1 2024 // Climate change is particularly perilous for small farmers. Warmer conditions are resulting in more damaging bouts of rain and drought, but traditional crop insurance products are often unavailable or financially out of...
Blu Clarity Names Irys Insurtech as Foundational Technology Platform
Feb 26 2024 // Blu Clarity, a value-based risk management solutions, has chosen Irys Insurtech as its foundational technology platform. This strategic move empowers Blu Clarity, an MGA, to quote and bind policies in real-time with any...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Feb 23 2024 // Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of...
Insurtech Root Inc. Results Improve but Remain at a Net Loss
Feb 22 2024 // Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and...
Simply Easier Payments Appoints Tech Industry Leader Michele Shepard as Chairperson of the Board
Feb 22 2024 // DURHAM, NC., February 22, 2024 – Simply Easier Payments, a top-rated major provider of billing and invoicing solutions for insurance organizations, has appointed Michele Shepard as Chairperson of its Board of...
‘AI Godfather’, Others Urge More Deepfake Regulation in Open Letter
Feb 21 2024 // Artificial intelligence experts and industry executives, including one of the technology’s trailblazers Yoshua Bengio, have signed an open letter calling for more regulation around the creation of deepfakes, citing...
Insurtech Cake Completes $1.3M in Pre-Seed Funding
Feb 20 2024 // Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd. Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs,...
It’s Time for the Commercial Property Insurance Industry to Adopt Tech Efficiencies
Feb 19 2024 // Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are...
