Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Vesttoo Creditors Say Bankrupt Israeli Insurance Startup Should Liquidate
Oct 24 2023 // Vesttoo Ltd. creditors are seeking to take control of the bankrupt Israeli startup’s court proceedings, arguing the company should liquidate following revelations that its former executives helped create fraudulent...
Tech Update: AXA XL Launches Virtual Reality Training Solution for Risk Managers
Oct 23 2023 // AXA XL Risk Consulting announced the launch of AXA Immersive Solutions, an innovative training solution leveraging virtual reality (VR) and digital twin technologies. AXA Immersive Solutions gives AXA XL’s risk...
Music Publishers File Suit in Tennessee Against AI Company Over Song Lyrics
Oct 20 2023 // Oct 18 (Reuters) – Music publishers Universal Music, ABKCO and Concord Publishing sued artificial intelligence company Anthropic in Tennessee federal court this week, accusing it of misusing an...
Startup Climeworks Battles Big Oil for the $1 Trillion Future of Carbon Capture
Oct 19 2023 // Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for Christoph Gebald, whose startup, Climeworks AG,...
Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding
Oct 18 2023 // Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners. The new...
Private Health Data Still Being Exposed to Big Tech, Report Says
Oct 17 2023 // Despite recent efforts to address the issue, medical-related websites continue to be mined for data including personal medical information, in an apparent violation of patients’ privacy rights, according to a new...
Artificial Intelligence Startup Helps Insurers Spot Cognitive Decline in Older Drivers
Oct 17 2023 // Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22 million in funding, the latest sign of growing demand to deploy AI in critical sectors...
Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
Xceedance Launches Center of Excellence for Generative AI, Empowering Insurance Transformation
Oct 16 2023 // BOSTON, MA, October, 16, 2023 – Xceedance, a leading global provider of strategic operations support, technology, and data services for insurance organizations, announced the establishment of a Center of Excellence...
Insurance Technology Is a Driver for Change
Oct 16 2023 // The insurance industry is truly a nexus for innovation. Particularly through the use of technology, it is inspiring to dive into the many ways insurance professionals across the country and the world create real-time...
Tech Update: Xceedance Offers Cat Modeling Services to Reinsurers During Renewals
Oct 13 2023 // Xceedance, a global provider of strategic operations support, technology, and data services to insurance organizations, announced the launch of burst capacity catastrophe modeling resources to support reinsurers during...
Google to Defend Generative AI Users From Copyright Claims
Oct 13 2023 // Google said on Thursday that it will defend users of generative artificial-intelligence systems in its Google Cloud and Workspace platforms if they are accused of intellectual property violations, joining Microsoft, Adobe...
India Insurance Startup Raises Funds at $650 Million Valuation
Oct 11 2023 // Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million. Investors including Japanese giant Mitsubishi UFJ Financial Group...
Tech Update: Re/Insurance Communications Platform ‘fuse’ Launches
Oct 6 2023 // A communications platform called “fuse” has been launched for the global commercial insurance and reinsurance industry. Fuse promises retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers...
National Security Agency Is Starting an Artificial Intelligence Security Center
Oct 5 2023 // The National Security Agency is starting an artificial intelligence security center – a crucial mission as AI capabilities are increasingly acquired, developed and integrated into U.S. defense and intelligence systems,...
Bill Gates-Backed Florida Startup Aims to Turn Oil-Drilling Gas into Useful Methanol
Oct 3 2023 // (Bloomberg) — Semi trailer-sized machines could provide a unique solution to a major source of the fossil fuel industry’s methane problem. Rather than flaring or venting the planet-warming gas into the...
Microsoft CEO Says Tech Giants Battling for Content to Build AI
Oct 3 2023 // Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive...
3 Construction Innovations Changing Builders Risk Insurance Exposures
Oct 2 2023 // Construction is like insurance. The basics don’t change much, but when there are new developments, they can alter the trajectory of the industry. Building innovations — namely 3D construction, solar panels and...
Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs
Sep 29 2023 // Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs). With its...
Ariel Re Relaunches Clean Energy Division, Focusing on Tech Performance Insurance
Sep 27 2023 // Ariel Re, the Bermuda-based re/insurer, has relaunched its Clean Energy division as “Ariel Green,” in recognition of the increasingly crucial role of technology performance insurance in accelerating innovation...
