Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
South Korean Insurtech Carrot Doubles Capital with $90 Million Rights Offering
Jul 2 2021 // Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million), which equals its founding capital raised in 2019. The Seoul-based...
Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank
Jul 2 2021 // India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems which could pose a financial stability risk. In its semi-annual...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round
Jul 2 2021 // Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising $200 million from Sequoia...
Insurtech Startup bolttech Raises $180 Million, Valuing Firm at More Than $1B
Jul 1 2021 // Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York and Singapore-based...
Safety Regulator Wants Crashes of Cars with Advanced Tech Reported Within 1 Day
Jun 30 2021 // U.S. regulators on Tuesday said they would keep a closer eye on the automotive industry as it rolls out advanced driver safety systems, tracking the new technologies to spot potential defects faster. The National Highway...
Wall Street, Tech Firms Fear SEC Climate Disclosure Will Trigger Lawsuits
Jun 29 2021 // The U.S. Securities and Exchange Commission may make corporations reveal more about climate risks in key regulatory filings, a push that Wall Street and the biggest tech companies say will lead to a barrage of shareholder...
Indictment Says Tech Firm Official Stole Money, Ran Fraud Scheme
Jun 25 2021 // The chief operating officer of a Philadelphia-based technology startup company orchestrated a long-running securities offering fraud while simultaneously embezzling hundreds of thousands of dollars from the firm, according...
Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide
Jun 23 2021 // Powered by InsuranceJournal.tv As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital...
Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’
Jun 23 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings...
InsureTech Connect Vegas 2021 is Back in Full Force
Jun 22 2021 // Waitlist for All Sponsorships and Exhibit Hall Space; Agenda Full; Price Increase June 26. NEW YORK, JUNE 21, 2021 – InsureTech Connect (ITC) has announced that its sales have been so robust for its October 2021 Vegas...
Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case.
Jun 18 2021 // The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s a message that Aon CEO Greg Case has been emphasizing since the $30 billion deal...
Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion
Jun 18 2021 // Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will accelerate Akur8’s...
Pennsylvania Launches Program to Support Innovation, New Insurance Products
Jun 17 2021 // The Pennsylvania Insurance Department (PID) has launched a new program that aims to encourage the insurance industry to deliver innovative insurance solutions and products. Keystone Smart Launch seeks to help reduce...
California OKs Farmers and Zesty.ai Wildfire Risk Assessments, Will Bring 30K New Homeowners Policies
Jun 16 2021 // California regulators have approved a plan by Farmers Insurance to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography. The carrier said the Z-Fire risk...
USAA to Acquire Insurtech Noblr to Offer Its Members Usage-Based Auto Coverage
Jun 16 2021 // Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance. USAA, a Texas-based insurer focused on members of the U.S. military and their families, said the acquisition will help make...
Nationwide Invests in Certificate of Insurance Startup Certificial
Jun 10 2021 // Insurer Nationwide has invested in an early-stage funding round for Certificial, an insurtech with a platform that issues real-time certificates of insurance and simplifies compliance management. Certificial’s $5.8...
First U.S. Artificial Intelligence Czar Seeks ‘Responsible Use’ of AI Tools
Jun 8 2021 // Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning up after a nuclear disaster, waxing floors or pulling barnacles off a ship. Her...
German Insurtech ELEMENT Raises $19.5M to Continue Growth
Jun 7 2021 // ELEMENT, the Berlin-based white-label provider of digital insurance solutions, has raised €16 million (US$19.5 million), in additional investment from existing and new investors. The additional capital will be used to...
Canadian Fintech Company Ratehub Launches Insurance Brokerage
Jun 4 2021 // Canadian fintech company Ratehub Inc. has launched a property/casualty (P/C) brokerage called RH Insurance. Toronto-based Ratehub, which operates the financial product comparison site Ratehub.ca, said the launch brings the...
Winners Announced for 6th Annual Efma-Accenture Innovation in Insurance Awards
Jun 4 2021 // The winners of the sixth annual Innovation in Insurance Awards have been announced by Efma and Accenture, which jointly established the awards in 2016 to recognize technology innovation. At a virtual ceremony, Generali was...
