Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
U.S. Blacklisting of China’s Huawei to Disrupt Global Technology Supply Chain
May 16 2019 // The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of...
Newfront Insurance in California Names Daoussis Head of Program Innovation
May 15 2019 // Newfront Insurance in San Francisco, Calif. has named Mike Daoussis a principal and head of program innovation. Daoussis will focus on building programs for Newfront. Daoussis has more than 43 years of experience in the...
Liberty Mutual Teams with MIT on Artificial Intelligence Research
May 10 2019 // The Massachusetts Institute of Technology (MIT) and Liberty Mutual Insurance announced a $25 million, five-year collaboration to support artificial intelligence (AI) research in computer vision, computer language...
Insurtech Investments Break New Records in Q1
May 10 2019 // Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months...
Lloyd’s Invests in AI Startup Offering Liability Insurance Platform for Small Businesses
May 9 2019 // Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the...
Starr Adds SkyWatch Drone Insurance to Broker Platform
May 9 2019 // Starr Insurance Companies and SkyWatch Ltd. have expanded the SkyWatch.AI drone insurance program to allow drone operators to purchase insurance from Starr through a SkyWatch.AI link, which will be available on select...
Going to Court Over Losses When Robot Is to Blame
May 7 2019 // Robots are getting more humanoid every day, but they still can’t be sued. So a Hong Kong tycoon is doing the next best thing. He’s going after the salesman who persuaded him to entrust a chunk of his fortune to...
Insurance Agency Management System Tech Firm Veruna Raises $6 Million
May 6 2019 // Veruna, a Massachusetts-based insurance technology developer of an agency management system built on the Salesforce platform, said it completed a $6 million Series A funding round. Founded in 2015, Veruna offers a...
Sniffing Out Particles, Singling Out Pigs: Food Industry Urged to Embrace Robots, AI
May 6 2019 // E.coli in beef. Metal shavings in bread crumbs. Contaminated water on vegetables. The food industry has its share of quality control scandals and their insurers have had their share of claims. Some believe food would be a...
Microsoft Tools Ease Access to Blockchain, Artificial Intelligence for Businesses
May 3 2019 // Microsoft Corp. on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use. Microsoft released the tools ahead of its...
Insurtech Agency Nsure Launches Personal Lines Platform in Florida
May 2 2019 // Nsure, an all-digital licensed insurance agency based in Florida, has introduced technology to provide real-time quote comparisons for home and auto insurance through a digital platform that allows customers to purchase...
Hartford InsurTech Hub Holds Demo Day, Completes Second Accelerator Program
Apr 30 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, hosted its second Demo Day at the Bushnell Performing Arts Center in Hartford, Conn., on April 26. The InsurTech Accelerator is the first component of Hartford InsurTech...
Getting Americans to Stop Using Phones While Driving
Apr 29 2019 // The distracted driving report by Zendrive, a traffic-data startup, makes it clearer and clearer each year that millions of Americans can’t stop themselves from talking, texting and livestreaming—yes, even using...
Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters
Apr 26 2019 // Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit...
Cannons, Networks, Radar, Jammers: The Business of Taking Down Drones
Apr 26 2019 // Just shoot them down? After troublesome drones infiltrated London’s Gatwick airport late last year, disrupting passenger flights and costing potentially millions of pounds in revenue, that was the instinctive...
Insurtech, Cover, Now Selling Its Own Auto Policies in Texas
Apr 25 2019 // Cover, a mobile-first insurance brokerage, has begun selling its own auto insurance policies in Texas. The new service — an evolution from the company’s nationally-licensed insurance brokerage — combines a...
Pro Global to Buy UK MGA Incubator, Vibe MGA Management
Apr 25 2019 // Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK...
Techquake: The Biggest Threat to California’s Tech-Sector May Lie Directly Beneath its Feet
Apr 23 2019 // California’s technology sector has had a tough year with state and federal policymakers, to say nothing of the general public. Concerns about the size and scope of internet firms have led to a “techlash,”...
OnRamp Insurance Accelerator Seeking Applications from Fintech and Insurtech Startups
Apr 23 2019 // Minneapolis-St.Paul – April 23, 2019 – The OnRamp Insurance Accelerator, in partnership with Allianz Life, Securian Financial and gener8tor, is accepting applications from startups seeking to be a part of the...
Student Sues Apple for $1 Billion, Blames Face-Recognition Tech for False Arrest
Apr 23 2019 // Apple is being sued for $1 billion in damages by an 18-year-old college student who blames the company’s facial recognition software for his false arrest and for wrongly tying him to thefts at Apple stores in several...
