Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Cattle Ranchers Worry Despite Having Tech to Track Diseases
Mar 17 2020 // Before June 2018, finding cattle that were potentially exposed to diseases was time-consuming and complicated, requiring a patchwork of information from auction houses, feedlots, producers and meatpacking...
Innovation, Economic Growth Depend on Taking Risks, Tolerating Failure: Viewpoint
Mar 17 2020 // While concerns loom over an impending recession caused by the spread of COVID-19, policymakers and business leaders have implemented radical strategies, such as slashing interest rates to invigorate the country’s...
Watch Out for Virus-Tied Cyber Attacks on Remote Workers, Warns Tech Professor
Mar 17 2020 // The heightened fear and anxiety that COVID-19 is causing people worldwide brings vulnerable targets for cyber hackers. “We are living in a heightened time of cyber risk. Cyber criminals will take advantage of public...
P/C Insurers Expect Smaller M&As to Continue in 2020
Mar 13 2020 // Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools
Mar 12 2020 // Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools to support Swiss Re’s new Digital Market Center. The Digital Market Center is designed to help develop next-generation,...
Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’
Mar 10 2020 // There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it’s not about getting bigger; it’s about getting better. And, second,...
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...
