Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Mission Possible: Top 3 Carrier Innovations in P&C to Restabilize Homeowners Insurance
Apr 16 2024 // This post is part of a series sponsored by AgentSync. As the property and casualty market struggles to find its equilibrium, carriers and reinsurers are retooling their approach to risk and the market. As a Floridian...
Speakers & Agenda Announced for the 2024 Carrier Management InsurTech Summit
Apr 16 2024 // San Diego, CA. April 16, 2024 — Today, Carrier Management announced the agenda and speakers for The InsurTech Summit 2024. This event will provide valuable insights not found elsewhere and is designed for: carrier...
D&O Risks to Consider When Exploring the New Frontier of Gen AI
Apr 15 2024 // Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is...
Tech Update: Sayata Risk Engine Flags High-Risk Accounts With AI; Canopy Connect and Hawksoft Launch Integration to Eliminate Data Entry for Agents
Apr 11 2024 // Sayata Unveils AI-Powered Risk Engine That Flags High-Risk Accounts Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses sophisticated AI to flag specific high-risk accounts expected to drive up...
Pennsylvania Issues Its ‘Expectations’ for Insurance Carriers Regarding Their Use of AI
Apr 10 2024 // Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC). The Pennsylvania...
Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance
Apr 10 2024 // Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product...
Tech Update: Verisk Launches Next Generation Catastrophe Models
Apr 8 2024 // Verisk, the Jersey City, New Jersey-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk’s suite of 100+ Next Generation Models (NGM) is designed to help...
Why Near-Miss Cyberattack Put US Officials and Tech Industry on Edge
Apr 8 2024 // German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a little-known program. What he found when he investigated has sent shudders across the...
Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers
Apr 4 2024 // Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and...
A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer
Apr 4 2024 // The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring...
US, Britain Announce Partnership on Artificial Intelligence Safety, Testing
Apr 2 2024 // The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and...
Viewpoint: AI Is Changing the Cyber Risk Landscape
Apr 1 2024 // Innovation is at the heart of the human experience, with a constant stream of new ideas and inventions changing the way we conduct business. But seismic shifts in technology don’t come all at once, or even at a...
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Apr 1 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...
UK Stands to Lose 8 Million Jobs From AI, Analysis Warns
Mar 27 2024 // As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff,...
SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies
Mar 27 2024 // The US Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they...
North Korean Hackers Stalk Crypto Startups Scrimping on Security
Mar 25 2024 // It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out of nowhere, dismantling cyber defenses and making off with millions of...
Apple Antitrust Suit Mirrors Strategy That Beat Microsoft, but Tech Industry Has Changed
Mar 22 2024 // The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing...
Tech Update: Aon Launches Climate Risk Monitor to Aid Risk Mgmt, Renewal Decisions
Mar 22 2024 // Insurance broker Aon plc has launched its Climate Risk Monitor, a tool that helps clients visualize and understand their exposures to physical climate risk in order to enable better business decisions. The property...
SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’
Mar 21 2024 // The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.” The firms, Delphia Inc. and Global Predictions Inc, will pay a total of...
Markets/Coverages: Tech Firm Gabriel Partners With Re/insurer Chaucer and Crisis Mgmt Specialist to Offer Active Assailant Product
Mar 21 2024 // Gabriel, an Israel-based technology company that tackles the challenge of mass shootings and workplace violence threats, announced it has partnered with global specialty re/insurance group Chaucer and crisis management...
