Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Formation of More ‘Class of 2020’ Reinsurers Unlikely
Sep 25 2020 // The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was...
As Wildfires Spread, Public Safety Tech Startups Lack Venture Capitalists’ Backing
Sep 24 2020 // Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke. Winnacker, a...
EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future
Sep 24 2020 // The investment will empower insurance companies, banks, and other financial institutions to build and optimize digital journeys with an AI-powered no-code platform Tel Aviv, Israel – September 24, 2020 – EasySend, the...
Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership
Sep 23 2020 // Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move...
Startups Developing Technologies to Clean Air in Workplaces of Coronavirus
Sep 21 2020 // Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking...
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion
Sep 20 2020 // Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to...
InsureTech Connect Delays Virtual Conference Until October for Networking Signups
Sep 18 2020 // Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will...
Foresight’s Tech-Driven Workers Compensation Program Breaks New Ground
Sep 15 2020 // Foresight is now appointing a group of founding broker partners focusing on hazardous verticals in the middle market San Francisco, CA, September 15, 2020 – Foresight, a commercial insurtech MGU with carriers rated...
Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines
Sep 14 2020 // COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage. Yet, commercial lines insurance...
ACORD’s Innovation Tools Experiencing Soaring Reinsurance Demand
Sep 10 2020 // ACORD, the standard setting body for the global insurance industry, is experiencing a massive jump in global reinsurance and other industry interest in its digital products and services, CEO Bill Pieroni said. The increase...
Indonesia’s PasarPolis Insurtech Raises $54 Million
Sep 2 2020 // The Indonesian digital insurance agency PasarPolis said it raised $54 million in a Series B funding round, in what it said is the largest Series B funding for an insurtech firm in the region. The company said the investors...
With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center
Sep 2 2020 // NEW DELHI/MUMBAI — Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground...
CFC to Expand Coverage to FinTechs with Package Policy
Aug 28 2020 // CFC, a specialist insurance provider of emerging risks, has expanded its suite of products for financial institutions with the launch of a new product built specifically to cover the risks faced by organizations operating...
Startup Branch Starts Reciprocal Exchange for Personal Lines Insurance
Aug 25 2020 // Columbus, Ohio-headquartered personal lines insurance startup Branch has launched the Branch Insurance Exchange that it says will reduce the cost for its members. Branch formerly operated as a managing general...
Experts Puzzled by Decline in Insurance Fraud Tips via Technology
Aug 25 2020 // Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two...
Venture-backed Insurtech Foresight Poised to Shake Up Workers Compensation
Aug 25 2020 // Foresight offers an innovative workers’ compensation program for safety-critical verticals San Francisco, CA, August 18, 2020 – Foresight recently announced its technology-first workers’ compensation...
It’s Clear Insurance Agency Data Is Valuable. Who Owns It May Not Be So Clear.
Aug 24 2020 // Independent agencies, like every other business, are living in a data-driven world. The value of data — including how and when it’s used and for what purpose — continues to evolve. As the value of data to...
101 Sales, Marketing & Agency Management Ideas
Aug 24 2020 // 1. Offset Negativity. What can you show your clients that you are doing to help them during the pandemic? Everyone is tired of hearing how all their business income (BI) claims are denied. What are you doing to offset all...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Arceo.ai Names Gamble in New York to Lead Broker Relations
Aug 19 2020 // Cyber analytics firm Arceo.ai has named Thomas Gamble as executive vice president and global chief distribution officer. Gamble will be based in Arceo’s New York offices. Gamble has experience in mergers and...
