Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Iowa’s BrokerTech Ventures Adds 5 New Agency Partners, Names Hatten as COO
Mar 10 2020 // BrokerTech Ventures (BTV), the Des Moines, Iowa-based broker-led investor group and accelerator program, has added five new investor partners/sponsors, including Heffernan Insurance Brokers Inc., The Horton Group, Inc.,...
Insurtech INSTANDA Raises $19.5M to Support International Expansion
Mar 10 2020 // INSTANDA, the London-based customer and policy management platform for the insurance industry, has completed a $19.5 million Series A fundraising round, the company announced. Led by Assembly Capital Partners, the...
Lemonade Starts Fund to Encourage Socially Positive Use of AI, Data and Technology
Mar 5 2020 // Digital insurer Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially positive products and programs globally. Dubbed The Lemonade Foundation, the...
InsurTech NY Announces Finalists for 2020 InsurTech Competition
Mar 5 2020 // InsurTech NY, an insurtech community in the New York metro area, has announced the finalists of its 2020 InsurTech Competition. More than 200 startups applied to compete in a two-track competition, pitting early and...
Verisk Expands Insurtech Solution OneXperience into Commercial Insurance
Mar 5 2020 // Insurance data analytics and risk modeling firm Verisk announced the expansion of its new insurtech solution OneXperience into commercial insurance. This expansion will enable agents and businesses to engage and closely...
U.S. Lags Europe in Driver Assist Technology Safety Testing
Mar 2 2020 // Autopilot, Super Cruise and Drive Pilot are different names given to technology that automates steering and braking in a growing number of vehicles, but none of it can safely “pilot” cars without regular human...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
Insurtech: It’s not Just for Carriers Anymore
Feb 28 2020 // Until recently, insurtech not only was perceived as a competitive threat to independent agents, there was little startup activity dedicated to tackling the operational needs of insurance agents and brokers. That’s...
Broker Investor Group Selects 12 Insurtechs for First Cohort
Feb 27 2020 // BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 insurtechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a five-week...
Safety Board Hits Tesla Autopilot Design, Regulator’s ‘Misguided’ Approach
Feb 26 2020 // The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.’s lack of system safeguards in a fatal 2018 Autopilot crash in California and called U.S. regulators’ approach in overseeing the...
Cyber Insurance Startup At-Bay Plans Expansion After Raising $34 Million
Feb 24 2020 // Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting. Plans call for the money to be used to grow the managing general...
Insurtech Startup Blackboard Insurance Receives Approval in Virginia
Feb 24 2020 // Blackboard Insurance has announced the approval of its commercial insurance package in Virginia, bringing capabilities to middle market customers in 47 states and territories. Blackboard’s commercial insurance...
Lawsuit Settled Between Virginia Tech, Former Student Over Hazing Suspension
Feb 21 2020 // A lawsuit has been settled between Virginia Tech and a former student who was accused of overseeing a ceremony that violated the school’s hazing policy. The federal lawsuit filed last month “has been resolved...
Usage-Based Insurance Pioneer Metromile Now Offering Its Technology as Claims Tool
Feb 20 2020 // Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced that...
Attorney General Barr: Should Tech Giants Still Be Free From Liability for Content?
Feb 20 2020 // U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their...
Justice Department Targets Internet Firms’ Liability Shield
Feb 19 2020 // Attorney General William Barr is taking aim at a legal shield enjoyed by companies such as Alphabet Inc.’s Google and Facebook Inc. as the provision comes under increasing fire from both liberals and...
Viewpoint: 3 Ways Technology Makes Insurance Broker RFP Responses Easier
Feb 19 2020 // Requests for proposals (RFPs) are everywhere these days. As internet sourcing makes the market more competitive, insurance brokers who are able to quickly and accurately complete RFPs can see huge benefits and gain a...
In an About-Facebook, Zuckerberg Likes Internet Regulation As Way to Win Public Trust
Feb 18 2020 // For years, Facebook Inc. lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
New Colorado Law Tackles Employee Equity, Investment in Startup Cannabis Industry
Feb 13 2020 // The startup-laden cannabis industry is probably just right for those who are willing to forego a few extra dollars on their paychecks for the possibility of a bigger payout later when the company grows or goes...
