Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech
Nov 7 2022 // Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took...
Tech Update: Canopius to Launch Tech and Data Hub in UK
Nov 3 2022 // Canopius Group, the London-based global specialty re/insurer, announced the launch of the “Canopius Tech & Data Hub” in Manchester, UK. The Hub, which will begin operating early next year, will ensure that...
New York Innovation Lab Is Now Accepting Applications
Oct 28 2022 // The FinTech Innovation Lab New York, a 12-week program to helps early- and growth-stage financial technology companies through collaboration with financial services and venture capital firms, is now accepting...
Tennessee Tech Develops Low-cost Sensors to Help Detect Flooding
Oct 24 2022 // Extreme rainfall events, and the dangerous floods that follow them, are happening more often in Tennessee. This risk grows as the climate warms. To respond to this risk, climate scientists, engineers and emergency mangers...
People Moves: SCOR Taps AXA XL’s Guest as Head of Crisis Mgmt; Former Beazley Exec Beattie Joins CFC as Head of Innovation; Allianz Trade Appoints New CEO
Oct 21 2022 // This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade. A summary of these new hires follows here. SCOR Taps AXA XL’s Guest as Head of Crisis Management SCOR...
Hackers Targeting Tech Supply Chains Spur Security Startup Boom
Oct 19 2022 // Cyberattacks on the digital supply chain have become increasingly common, as hackers seek out weak links among makers of computer code and equipment to breach organizations that depend on the technologies. In 2020, for...
Identifying the Right Talent for Your Insurtech
Oct 17 2022 // Insurtechs are continuing to disrupt the insurance industry, while pushing traditional insurers to focus on modernization initiatives and how they can best leverage the capabilities of data and analytics. While global...
Google Faces EU Antitrust Charges Over its Ad-Tech Business
Oct 13 2022 // Alphabet unit Google could face antitrust charges next year over its digital advertising business, with EU regulators frustrated over the slow pace of settlement talks with the company, people familiar with the matter said...
The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency
Oct 13 2022 // With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...
People Moves: O’Leary Named CEO RSA Luxembourg; Northcourt Appoints Pool Re’s Butler as Nuclear Industry Adviser; Aon Taps WTW’s Dell’Aglio for Strategy & Tech Unit
Oct 12 2022 // This edition of International People Moves details appointments at RSA Luxembourg; Northcourt (the MGA and underwriter of nuclear risks), and Aon. A summary of these new hires follows here. O’Leary Named CEO of RSA...
CFC Launches Innovation Hub in London
Oct 6 2022 // CFC, the specialist managing general agent, announced the launch of a dedicated Innovation Hub. Located in new premises on Whittington Avenue in the City of London, CFC’s Innovation Hub will act as CFC’s...
Real-Time Tech: Supply Chain Analysis Tools
Oct 6 2022 // Transparency is the key to managing supply chain risk. But some businesses only focus on selective financial information from their suppliers, which can leave them exposed. Beyond creditworthiness, there are many...
Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API
Oct 4 2022 // Mosaic adds excess technology E&O coverage to cyber product offering Mosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies...
Insurtech Lemonade Launches in UK
Oct 3 2022 // Lemonade, the New York City-based insurtech that is powered by artificial intelligence, has launched in the United Kingdom, following previous international moves in France, Germany, and the Netherlands. Founded in 2015,...
Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance
Sep 30 2022 // Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most...
EU Draft Rules Would Make It Easier to Sue Drone Makers, AI Systems
Sep 28 2022 // Individuals and companies that suffer harm from drones, robots and other products or services equipped with artificial intelligence software will find it easier to sue for compensation under EU draft rules seen by...
Pie Insurance Raises $315M in Largest U.S. Insurtech Financing Round of 2022
Sep 21 2022 // Pie Insurance, an insurtech specializing in workers compensation insurance for small businesses, said it raised a $315 million Series D round of funding – the largest round of financing for any U.S. based P&C...
InsureScan Expands Auto Insurance Tech Approach to Alabama
Sep 19 2022 // InsureScan, a company that says its software can help agents quote and bind auto coverage in a few minutes, has expanded to Alabama. CEO Mark Chappell, who is based in Alabama, said that while some insurance companies are...
New York Seeks Program Manager for $6.5M Fund for ‘Clean Tech’ Insurance Products
Sep 19 2022 // New York Governor Kathy Hochul announced a $6.5 million program to support insurance innovation for climate-technologies, a new program focused on the research and development of new insurance policies and products that...
Traffic, Water Shortages, Now Floods: The Slow Death of India’s Tech Hub?
Sep 16 2022 // Harish Pullanoor spent his weekends in the late 1980s tramping around the marshes and ponds of Yemalur, an area then on the eastern edge of the Indian metropolis of Bengaluru, where his cousins would join him catching...
