Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
How Drones Are Digitally Transforming Insurance Claims Inspections and Workflows
Oct 7 2019 // Somewhere in central Michigan, a pickup truck drives into a sleepy suburban neighborhood. An autonomous drone takes flight off the truck’s flatbed and, nearly silently, heads a half-mile east, slowing above a...
Munich Re Backs Small Business Insurtech Next Insurance with $250 Million
Oct 7 2019 // Insurtech Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its small business insurance...
InsureTech Connect: The Insurance Industry Needs to Understand What Business It’s In
Oct 7 2019 // People who buy gasoline generally don’t care for the product or enjoy the experience of pumping gas: They just want to drive. Chris Colborn, chief experience officer for the Lippincott creative consulting firm,...
Iowa’s BrokerTech Ventures Adds Four New Investment Partners
Oct 4 2019 // Des Moines, Iowa-based BrokerTech Ventures, a broker-led investor group and accelerator program, is has added four new investor partners, including Assurance, Graham Company, InterWest Insurance Services, and Hylant...
Insurers, Tech Firms Scramble to Keep Up With Cyber Risks
Oct 4 2019 // Despite progress, carriers are still falling short in how they approach cyber insurance and also how they cover events when they happen. How can this be? The unique makeup of cyber risks continues to hold them back,...
Regional Greenhouse Gas Initiative Grows by Another State
Oct 3 2019 // Pennsylvania Gov. Tom Wolf on Thursday ordered his administration to start working on regulations to bring Pennsylvania into the Regional Greenhouse Gas Initiative. The initiative is a nine-state consortium that sets...
Global Insurance Accelerator Boosts Its Funding for Insurtech Startups
Oct 3 2019 // The Iowa-based Global Insurance Accelerator will nearly double its seed funding for insurtechs accepted into the program in 2020. Nicole Gunderson, managing director for the GIA, said the increase is a way for the GIA,...
How the Future of Insurtech Innovation Is Tied to the Traditions of Regulation
Oct 3 2019 // It’s no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and insurtech experts said...
Watch Out Insurtechs: Nationwide Readies Own Digital Auto Insurance Platform
Oct 1 2019 // Nationwide plans on striking hard against digital insurer upstart competitors with the debut of Spire, a digital auto insurance platform with an eye on millennial customers. Spire, which will be rolled out in the 2019...
AI Specialist omni:us Awarded €1.6M from EU to Enhance AI-Powered Claims Platform
Sep 26 2019 // Artificial intelligence provider, omni:us has been awarded €1.6 million ($1.8 million) from the European Commission* to help it further develop its machine learning powered insurance claims platform. The grant to...
InsureTech Connect: Insurance Industry Needs to Understand What Business It’s In
Sep 26 2019 // LAS VEGAS — People who buy gasoline generally don’t care for the product or enjoy the experience of pumping gas: They just want to drive. Chris Colborn, chief experience officer for the Lippincott creative...
Rethinking the Limits of Parametric Insurance
Sep 24 2019 // It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades....
Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round
Sep 23 2019 // Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in...
The Lowdown: Reimagining Research to Recognize Emerging Insurance Industry Trends
Sep 19 2019 // The Society of Insurance Research (SIR) will hold their 49th Annual Conference on October 20th – 22nd at the Sheraton Charlotte Hotel in Charlotte, NC and I am thrilled to be attending. The theme for this year’s...
Agencies Form Venture to Accelerate, Invest in Insurtech Startups for Agents, Brokers
Sep 19 2019 // Six insurance agencies from across the country have joined together to form a program specifically for investors and innovators behind technology innovations for insurance agencies and brokerages. The new entity,...
Insurtechs Poised to Challenge Traditional Home Insurers: J.D. Power
Sep 18 2019 // Traditional home insurers appear to be in need of an image change, and that, in turn, could create a big opportunity for insurtech startups, according to the latest J.D. Power U.S. Home Insurance study. Approximately 74...
Iowa’s Global Insurance Accelerator to Host 17 Firms for InsurTech Week 2019
Sep 17 2019 // The Global Insurance Accelerator (GIA), a Des Moines, Iowa-based InsurTech accelerator focused on innovation for the insurance industry, says 17 companies will participate in its fifth annual InsurTech Week, being held...
Parents of Georgia Tech Student Shot by Campus Police Officer Sue School
Sep 16 2019 // The parents of a Georgia Tech student killed by a campus police officer two years ago have filed a wrongful death lawsuit against the school, the university system and the officer. Authorities have said university police...
Startup Agency Zeguro Helps Businesses Manage Cyber Risk and Insurance Premiums
Sep 16 2019 // Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber...
Conference: California Workers’ Comp Should Embrace Innovation
Sep 16 2019 // The workers’ compensation market apparently needs to do some catching up where it concerns technology. “Historically we’ve been really slow to adapt to technology and innovation,” said Shaun...
