Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks
Jan 26 2023 // Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders...
Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program
Jan 25 2023 // kWh Analytics, Aspen Partner on Property Insurance for Renewables kWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance....
US Targets Google’s Online Ad Business Monopoly in Latest Big Tech Lawsuit
Jan 25 2023 // The US Justice Department accused Alphabet Inc’s Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley’s most...
Laid Off Tech Workers Are About to Get Help—From Allstate
Jan 23 2023 // Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The company—best known for auto and home policies—is investing in technology including artificial...
How AI Can Transform Insureds’ Lives in 2023
Jan 23 2023 // Artificial intelligence (AI) has been a popular topic of year-end prediction articles in recent years. Looking ahead in 2023, I offer a viewpoint that goes beyond the marketing buzz with my forecasts of the value insurers...
AI Tools Can Create New Images, but Who Is the Real Artist?
Jan 20 2023 // ountless artists have taken inspiration from “The Starry Night” since Vincent Van Gogh painted the swirling scene in 1889. Now artificial intelligence systems are doing the same, training themselves on a vast...
Canada’s Westland Insurance Acquires Broker RiskTech From Excel
Jan 17 2023 // Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1. Risk Tech was a member of Excel Insurance Group. It specializes in serving large and mid-market...
Ohio Insurtech battleface Launches Platform Supporting Travel Insurance
Jan 11 2023 // Columbus, Ohio-based travel insurance provider battleface announced the launch of Robin Assist, a new tech-driven platform as a service. Built for insurance carriers, brokers, managing general agents (MGAs) and...
Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant
Jan 9 2023 // Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was...
Big Tech Layoffs May Further Disrupt Equity and Diversity Efforts
Jan 6 2023 // 2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt. Surging firings by technology companies last year are...
Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses
Jan 5 2023 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the latest addition to its specialist technology product suite. The product, called...
Southwest Airlines is Discovering the True Cost of Outdated Tech
Jan 5 2023 // This post is part of a series sponsored by AgentSync. If you’re looking for proof that outdated technology, manual processes, and data silos can result in catastrophe, all you need to do is peek under the hood of...
Riding the Waves of Insurtech
Jan 4 2023 // This post is part of a series sponsored by AgentSync. The evolution of technology in any industry follows a similar pattern. Transformation doesn’t happen overnight. Rather, we see a progression from infancy to...
Verisk to Acquire Swedish Claims Insurtech Mavera
Dec 22 2022 // Verisk, the global data analytics provider, has entered into an agreement to acquire Mavera, a Sweden-based insurtech firm that operates a personal injury claims management platform. Financial details of the transaction...
Study Shows How Machine Learning Could Predict Rare Disastrous Events
Dec 21 2022 // When it comes to predicting disasters brought on by extreme events (think earthquakes, pandemics or “rogue waves” that could destroy coastal structures), computational modeling faces an almost insurmountable...
GEICO, Location-Tech what3words Partner to Enhance Roadside Assistance
Dec 15 2022 // GEICO and location-technology provider what3words announced a new partnership to provide enhanced roadside assistance to customers across the U.S. With what3words, GEICO teams can pinpoint a customer’s precise...
Bridging the Insurtech Divide with Data in 2023
Dec 15 2022 // The magic word to bridge a widening gap between successful and underperforming insurtechs in 2023 is “data,” according to a group of insurtech experts who spoke with Carrier Management about their predictions...
Embroker: Cybersecurity a Top Investment Focus for Startup Founders in 2023
Dec 9 2022 // Cybersecurity concerns will likely remain a focus for startup founders in 2023, according to the recent Embroker Cyber Risk Index: Startup Edition. The report said startup founders cited cybersecurity protections as one of...
Many Insurtechs Exit the Marketplace, and Other 2023 Predictions From Forrester
Dec 6 2022 // More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments in the space were at an all-time high, according to predictions from research and consulting firm...
AI in Connected Cars Can Ease Rush Hour Congestion, Vanderbilt Research Shows
Nov 28 2022 // As millions of people travel the interstates this Thanksgiving, many will encounter patches of traffic at a standstill for no apparent reason – no construction or accident. Researchers say the problem is you. Human...
