Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Automation and Workers of the Future
Feb 4 2019 // Automation won’t be replacing the entire workforce but about one-quarter of U.S. jobs could be severely disrupted as artificial intelligence (AI) takes hold in the near future. According to a new Brookings...
Taking a Page from the Insurtech Playbook
Feb 4 2019 // How Insurtechs Can Help Attract Millennial Talent to Agencies, Carriers The rules of the game are changing for companies wishing to attract top, young, qualified talent. Millennials, Generation Y, Gen Next, Boomerang...
Wishes & Predictions… in their own words
Feb 4 2019 // Ely Kaplansky, President, Kaplansky Agency, MA Increased market share. Rate increases. Continued profitable growth. Crag Shink, Managing Partner, C.H. Shink & Associates, NY A harder market in some segments. Increasing...
The Claims Talent Evolution
Feb 4 2019 // It should not be a surprise that drones fly over disaster areas for property inspection, and some insurers use chatbots to answer policyholders’ claims questions. Claims applications and supporting documents are...
Global Atlantic Financial Invests in Iowa-based Insurtech Accelerator
Jan 31 2019 // Des Moines, Iowa-based The Global Insurance Accelerator announced a recent investment by Global Atlantic Financial Group Ltd. GIA is a business accelerator focused solely on innovation and technology for the insurance...
Insurtech Geared to Autonomous Vehicle Coverage Grabs $5 Million in Funding
Jan 30 2019 // A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding. California-based Avinew’s technology uses artificial...
French Engineering Consultancy Altran Tech Hit by Cyber Attack
Jan 28 2019 // French engineering consultancy Altran Technologies was the target of a cyber attack last Thursday that hit operations in some European countries, it said on Monday. Altran said it had shut down its IT network and...
Report Warns of Robots Taking Restaurant, Trucking, Clerical Jobs
Jan 28 2019 // Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report. The...
Workers’ Compensation Insurtech Pie Insurance Enters 5 Additional States
Jan 25 2019 // Online seller Pie Insurance has started offering its workers compensation insurance in five more states, bringing the total to 14. The Washington, D.C.-based managing general agent disclosed it has begun marketing its...
Ohio Insurtech Root Plans to Expand Further, Grow Workforce
Jan 25 2019 // Columbus, Ohio-based Root Insurance, says it plans to expand into additional states in 2019 and increase its workforce by 150 percent. The insurtech in 2018 added 12 states — Louisiana, Montana, New Mexico, Arkansas,...
Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes
Jan 24 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters
Jan 24 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
AIG’s Strong Joins Tokio Marine as Business Innovation Officer
Jan 23 2019 // Specialty insurer Tokio Marine HCC announced that Shilpa Strong has joined the company as Business Innovation Officer to pursue continued investment in operational efficiencies, customer experience and digital...
AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers
Jan 23 2019 // American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said...
Who’s Investing in the Agency System
Jan 21 2019 // According to some pundits, the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors putting their money where their mouth is...
Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey
Jan 16 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes...
ArgoGlobal and Italian Insurtech Firm Provide On-Demand Insurance for Gig Workers
Jan 16 2019 // ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with insurtech startup Axieme to provide on-demand, pay-as-you-go insurance for temporary and...
Regulators Disagree Over Giving Fintechs Federal Charter to Skirt State Rules
Jan 14 2019 // The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc. or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other...
AXA XL Uses AI to Speed Up Property Engineering Risk Analysis, Underwriting
Jan 10 2019 // AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities. AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive...
Allianz-Backed Fintech Startup N26 Raises New Funds for Push into U.S.
Jan 10 2019 // N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at a valuation of $2.7 billion, making the company one of Europe’s most valuable non-listed...
