Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
NAIC Innovation Panel Moves for Update of Anti-Rebating Model
Aug 5 2019 // The National Association of Insurance Commissioners has taken the first step in what stands to be a more than yearlong process to update the rules states use to police impermissible “rebates” offered by...
Artificial Intelligence Helps to Contain Wildfires, Predict Wild Weather
Aug 5 2019 // On a tower in the Brazilian rainforest, a sentinel scans the horizon for the first signs of fire. Only these eyes aren’t human. They don’t blink or take breaks, and guided by artificial intelligence they can...
Texas High Court Clarifies Bad Faith in Appraisal Process
Aug 2 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
Sun Valley Climate Conference’s Broad Agenda: Wildfires, Military, Insurance, Resilience
Aug 1 2019 // Washington had a record 1,850 responses to wildfires on Department of Natural Resources lands last year. Over the last five years, wildfires have continued to hit the state hard. One state official, who believes climate...
Lloyd’s Selects 11 Insurtechs to Support Its Future-at-Lloyd’s Project
Aug 1 2019 // Lloyd’s welcomed 11 new teams of insurtech disruptors to join the re/insurance market’s innovation accelerator. More than 130 applications were received from across the world for the third cohort of the...
Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now
Jul 31 2019 // There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and...
High Levels of Global Insurtech Investments Continued During Q2: WTW
Jul 29 2019 // Insurtech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, according to the new...
Schools, Lawmakers, Tech Firms Trying to Curb Rising Cyberbullying
Jul 29 2019 // Rachel Whalen remembers feeling gutted in high school when a former friend would mock her online postings, threaten to unfollow or unfriend her on social media and post inside jokes about her to others online. The...
The National Alliance for Insurance Education & Research Rebrands Podcast Series
Jul 24 2019 // July 24, 2019, Austin, TX—The National Alliance for Insurance Education & Research has rebranded their monthly podcast series. Nat Alliance NOW offers risk and insurance professionals rich, nuanced conversations that...
Greenlight Re Invests in New Zealand Insurtech Startup Cove
Jul 23 2019 // Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based personal lines...
Brit Taps Birch from VC Firm Hambro Perks for Newly Created Role, Head of Innovation
Jul 23 2019 // Brit Ltd. announced that James Birch has been appointed to the newly created role of head of Innovation. Reporting to CEO Matthew Wilson, Birch started his new role on July 22. Birch will be responsible for managing the...
Insurer Innovation Comes Under the Rating Agency Microscope
Jul 22 2019 // Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ...
Hartford InsurTech Hub Opens Applications for Accelerator Program’s Third Year
Jul 19 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has opened applications for the third year of its accelerator program. Insurance Technology (InsurTech) startups that have shown strong traction and are looking to...
CFC Adds Range of Risk Management Services to Tech Insurance Offering
Jul 17 2019 // Specialist insurance provider CFC Underwriting has added a range of free risk management services to its insurance offering for technology companies. CFC, which is a London-based managing general agent, said it has teamed...
Insurance AI Firm RiskGenius Reports Additional Financing
Jul 17 2019 // RiskGenius, which provides natural language tools for improving the quality and accuracy of insurance policies, has completed a Series B financing led by Hudson Structured Capital Management. The company said it has also...
Financial World’s Blockchain Euphoria Gives Way to Pragmatism as Projects Stall
Jul 17 2019 // Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a...
By Taming Big Data with AI, Cytora Aims to Transform Commercial Underwriting
Jul 17 2019 // It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making significant inroads toward...
SkyWatch.AI Launches On-Demand Drone Insurance in UK, Underwritten by Chaucer
Jul 15 2019 // SkyWatch.AI, the on-demand, telematics-based insurance platform, has launched in the United Kingdom following last year’s launch in the United States. SkyWatch.AI’s UK policies will be underwritten by specialty...
House Democrats Eye Possible Ban on Big Tech Firms Offering Financial Services
Jul 15 2019 // A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services...
Insurtech Firms Continue to Grapple With Data Ownership
Jul 15 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
