Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
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...
AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies
Apr 22 2019 // Cytora, the London-based provider of artificial intelligence-powered solutions for the commercial insurance industry, announced it has raised £25 million ($32.5 million) in new financing, which will be used to accelerate...
Car Sharing Lobbyists Battle Car Renting Lobbyists, Driving State Lawmakers Crazy
Apr 19 2019 // The bill that turned Illinois into the focal point of a bitter debate over car-sharing last year started as a proposal about what happens when a rental car is stolen. The legislation, which would allow rental companies to...
Driving in Georgia While Sitting in California; Remote Control Beats Autonomy
Apr 18 2019 // For four days in February, Ben Shukman showed up to his office at Phantom Auto in Mountain View, California, sat down in front of a bank of computer screens with a steering wheel in a darkened room, and began driving. As...
Insurers Are Curious, Cautious When It Comes to Chatbots for Claims
Apr 15 2019 // The insurance industry is slowly recognizing the potential of chatbots to free up resources and improve customer service, even as it recognizes the potential of the technology to sour relationships with customers,...
Automation, Artificial Intelligence Part of Plan for Modernizing Texas Insurance Department
Apr 15 2019 // Becoming the chief insurance regulator of a large and populous state with the second largest insurance market in the country was never in Kent Sullivan’s game plan. But when Texas Gov. Greg Abbott asked Sullivan to...
How Real Are ‘Ethical Artificial Intelligence’ Efforts by Tech Giants?
Apr 11 2019 // The biggest tech companies want the public to know that they’re taking special care to ensure that their use of artificial intelligence to sift through mountains of data, analyze faces or build virtual assistants...
Insurtech Lemonade Raises $300 Million; SoftBank, Allianz, Alphabet Among Investors
Apr 11 2019 // Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General...
Missouri University Scientists Using AI to Design Flood Evacuation Plans
Apr 10 2019 // Transportation agencies and first responders may soon get help from artificial intelligence to determine the best evacuation routes during floods such as those affecting portions of Missouri and the Midwest. Researchers at...
What’s In Store for Insurance Industry As It Enters Post-Digital Era?
Apr 10 2019 // The insurance industry is entering a new “post-digital” era where success is based on an organization’s ability to master artificial intelligence (AI) and other new technologies. The post-digital era...
Michigan InsurTech Accelerator Welcomes 3 New International Startups
Apr 9 2019 // Lansing, Michigan-based PROTO InsurTech, a business accelerator and equity investment fund led by Lansing Economic Area Partnership (LEAP), said three new international high-tech startups have begun operating in...
UK Joins Global Backlash Against Tech Firms that Fail to Control Harmful Content
Apr 9 2019 // The U.K. joined a growing global backlash against technology companies such as Facebook Inc. and Twitter Inc., proposing fines and bans if social-media platforms fail to curb illegal activity. The government outlined plans...
MIT Researcher Exposing Bias in Facial Recognition Tech Triggers Amazon’s Wrath
Apr 8 2019 // Facial recognition technology was already seeping into everyday life — from photos on Facebook to police scans of mugshots — when Joy Buolamwini noticed a serious glitch: Some of the software couldn’t detect...
Fixing Errors in Autonomous Cars’ Perceptions Before They Hit the Road
Apr 5 2019 // It’s a big question for many people in traffic-dense cities like Los Angeles: When will self-driving cars arrive? But following a series of high-profile accidents in the United States, safety issues could bring the...
