Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B
Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The...
New Insurtech Advisor Insurance to Target Risks of Wealth Managers
May 28 2021 // K2 Placements and Wealth Advisor Growth Network (WAGN) have partnered on an insurtech platform for wealth managers buying business insurance to protect their firms. The new platform, Advisor Insurance, was designed to...
Many Workers Begin to Return to Offices Transformed by COVID Safety Innovations
May 26 2021 // Masked, desk-bound and unable to recognize their colleagues in an elevator, people are starting to return to offices in cities around the world where the pandemic is receding. Many will find their offices transformed,...
Swedish Tech Start-up Haidrun Launches Blockchain Platform Targeted at Re/Insurers
May 25 2021 // Swedish tech start-up Haidrun has launched an enterprise blockchain platform targeted at insurers and reinsurers. Haidrun’s private blockchain platform eliminates suspicious and duplicate transactions by securely and...
Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford
May 25 2021 // Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies. The new offering, MarketTrends, helps agencies identify coverage...
‘Cat-Prone’ Startup Kin Insurance in Talks to Go Public With ‘Shark Tank’ Judge’s SPAC
May 20 2021 // Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led by recurring “Shark Tank” guest judge Matt Higgins, according to people...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
May 12 2021 // Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to...
Overtime, Flexibility, Automation Among Challenges in Pandemic Labor Reshuffle
May 11 2021 // If the coronavirus pandemic produced its own brand of anxiety for American workers trying to stay healthy while balancing job and family demands, the coming return to “normal” will pose a new set of...
Carriers Struggle To Transform Innovation Efforts Into Results: AM Best
May 11 2021 // Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation assessment scores, which the...
RMS Unveils Significant New Event Response Innovations in ExposureIQ
May 8 2021 // New Innovations Enable Rapid Assessments of Potential Losses Before, During, and After an Event Newark, Calif., May 6, 2021 – RMS, the world’s leading catastrophe risk modeling and solutions company, announced new...
China Insurtech Waterdrop Raises $360M in New York IPO: Reuters
May 7 2021 // Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the...
Insurance, Tech Stocks Outpacing Insurtechs in 2021: HSCM Index
May 4 2021 // Stock prices of 18 U.S. insurtechs that went public in the last decade soared as a group in 2020. But so far in 2021, large non-insurance technology companies and traditional insurance stocks both outperformed the...
Chinese Insurtech Waterdrop Seeks $360M in New York IPO
May 3 2021 // HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed by...
China Continues Crackdown on Fintech Firms
Apr 30 2021 // BEIJING — Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order them to strengthen compliance with regulations, the...
P/C Insurance Firms Lead as Global Insurtech Investment Soars to $2.55B in Q1
Apr 28 2021 // Global investment in the insurtech sector reached a new quarterly high of US$2.55 billion during the first quarter of 2021. The number of mega-rounds reached eight, more than any other three-month period, according to the...
People Moves: Topa in California Names Torio Director of Tech, Resilience Names Reed EVP
Apr 28 2021 // Topa Insurance Co. has named Paul Torio director of technology. Torio is responsible for developing and delivering solutions across Topa’s technology infrastructure in support of business goals. He has worked at Topa...
How Tech Firms From Amazon to YouTube Ban Users for Off-Site Behavior
Apr 27 2021 // Earlier this month, Twitch announced it would start banning users for behavior away from its site. The move by Amazon Inc.’s live-streaming platform involved hiring a law firm to conduct investigations into...
Tech Firm Luminar, Planemaker Airbus Partner to Test Autonomous Flights
Apr 26 2021 // Luminar Technologies Inc. said on Monday it would partner with Airbus SE to test technologies which could increase aircraft safety and ultimately enable an autonomous flight with obstacle detection. The two companies will...
Insurance Technology: Bold Penguin and Thimble, Vertafore and Nationwide, eMaxx
Apr 22 2021 // Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx …. Insurtech Bold Penguin is making it easier for agents and small business customers to...
EU Announces Tough Draft Rules on Use of Artificial Intelligence
Apr 22 2021 // BRUSSELS – The European Commission on Wednesday announced tough draft rules on the use of artificial intelligence, including a ban on most surveillance, in an attempt to set global standards for a key technology...
