Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Russia’s Tech Giant Yandex Says It Repelled Biggest DDoS Attack in History
Sep 9 2021 // MOSCOW — A cyber attack on Russian tech giant Yandex’s servers in August and September was the largest known distributed denial-of-service (DDoS) attack in the history of the internet, the company said on...
INSIGHT: How Big Tech Ethics Panels Are Putting Brakes on AI
Sep 8 2021 // In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to. It turned down the client’s idea after weeks of internal discussions,...
Marshmallow, Black-Founded Insurtech, Is Now a Unicorn
Sep 8 2021 // Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on Wednesday. The early-stage...
In COVID Automation Boom, Robots and Apps Find Work at Services Firms
Sep 7 2021 // Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line...
White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity
Sep 6 2021 // The U.S. government in late August said it would work with the industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...
AM Best Assigns ‘Excellent’ Ratings to Insurtech Next Insurance
Sep 3 2021 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook...
White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity
Aug 26 2021 // The U.S. government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...
People Moves: Insurtech Joyn Adds Schoberth; Chubb’s Lubin Joins Crum & Forster; TransRe Promotes O’Gwen; AXA XL’s Klimczak Moves to U.S.
Aug 25 2021 // Insurtech Joyn Adds Schoberth as Chief Distribution Officer Insurance technology company Joyn Insurance announced the addition of Uwe Schoberth as chief distribution officer. The role will focus on developing broker...
Startup Raises $60M to Flag Infrastructure Damage, Injuries Before They Happen
Aug 25 2021 // Startup Urbint, which promises its software can identify utility and telecommunications industry failures, damages, and worker injuries before they happen, has raised $60 million. Urbint CEO and founder Corey Capasso said...
Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance in Europe
Aug 25 2021 // ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany. The product is designed to cover...
Insurance Is on Agenda at Today’s White House Cyber Summit With Tech Leaders
Aug 25 2021 // The White House is hosting an event on Wednesday that will bring together the largest U.S. technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking incidents earlier...
Call Center Humans vs. Automation: How to Make Inertia Work for Firms and Customers
Aug 24 2021 // In the digital age, service center operations, including call centers and help desks, are increasingly important to organizations for interacting with their customers. Companies are looking for ways to manage service...
It Turns Out That Humans Are Secret Weapon for Autonomous Vehicle Startups
Aug 23 2021 // Self-driving startups like Cruise and Pony.ai have begun testing their driverless cars in some parts of California in the past year, with an additional feature: Human operators. While there is no driver behind the wheel,...
Tech Giants Are ‘Too Big to Fail’ Because They Host Insurers, Banks on Cloud Platforms
Aug 20 2021 // More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re not banks. This time it’s the tech...
Insurtech Blue Marble Launches Weather-Index Crop Insurance for Pakistani Farmers
Aug 18 2021 // Blue Marble, a London-based insurtech that offers affordable insurance protection for low-income families and small businesses in emerging markets, has launched a weather-index insurance-pilot program for smallholder...
Insurtech VOOM, Markel Offering Mileage-Based Motorcycle Insurance
Aug 17 2021 // Mobility insurtech VOOM and specialty insurer Markel have teamed up to launch a per-mile insurance offering for motorcycles in select states. VOOM will distribute the per-mile product both directly to riders and through...
Insurtech Quotall Announces Strategic Partnership with Broker/Fintech Provider Acrisure
Aug 17 2021 // Insurtech ecosystem specialist Quotall announced it has entered into a strategic partnership with global insurance broker and fintech services provider, Acrisure. Under the partnership, Acrisure will provide insurance...
Lloyd’s Selects 11 Start-Ups for Innovation Lab Accelerator
Aug 9 2021 // Flood loss estimates, secure private messaging, money laundering detection and severe weather parametrics are the objectives of a few in a group of startups chosen by Lloyd’s of London for its latest Lloyd’s...
MGA Insurtech Corvus Acquires Cyber-Focused Wingman Insurance
Aug 6 2021 // Managing general agent Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye on the admitted coverage marketplace and more digital platform partnerships. More...
HCI Group’s Home and Flood Insurtech TypTap Files for Possible IPO
Aug 5 2021 // HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market homeowners and flood insurance, has confidentially submitted a draft registration statement...
