Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
China’s Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit
Nov 1 2018 // Ping An Insurance Group Co., China’s biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care technology unit that could raise about $2 billion, people with knowledge of the...
Insurtech Profile: Snapsheet’s Evolution in Making Virtual Claims Service a Reality
Nov 1 2018 // Tech-driven virtual claims services company Snapsheet started out as a service for body shops called Body Shop Bids before pivoting to serving insurers five years ago. Alex Meisner, director of innovation, is one of the...
AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac
Oct 29 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in...
Hartford Steam Boiler Completes Acquisition of Industrial Tech Firm Relayr
Oct 26 2018 // Hartford Steam Boiler (HSB), part of Munich Re, announced the close of the acquisition of relayr, Inc., the Berlin-based industrial internet of things technology company. HSB acquired 100 percent of relayr’s shares...
State Regulators Fight Federal Charters for Fintechs
Oct 26 2018 // A body of U.S. state banking regulators on Thursday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and puts...
Insurtech Profile: Openly’s ‘Sophisticated’ Digital Experience for Independent Agents
Oct 26 2018 // Keep an eye out for Openly, a new digitally-sophisticated upmarket homeowners insurer catering to independent agents. According to Ty Harris, founder and CEO, Openly will launch in early 2019 in a yet-to-be-announced large...
Insurtech Pie’s Founder Talks About Entry into California Workers’ Comp Market
Oct 25 2018 // Powered by InsuranceJournal.tv Pie Insurance seems to be slicing its way through workers’ compensation markets in state after state. The Washington, D.C.-based insurtech is a direct provider of workers’ comp...
Marsh Joins with Insurtech Firm Concirrus to Drive Behavioral Analytics in Marine Market
Oct 24 2018 // Concirrus, the London-based insurtech company specializing in marine analytics, announced it has formed a multi-year agreement with insurance broker Marsh. The agreement will see the two companies working together to drive...
The Man Behind the InsureTech Connect Conference Phenomenon
Oct 23 2018 // The 2018 InsureTech Connect (ITC) conference is history. In its short three-year life, the ITC affair has grown from 1,500 to 6,000 attendees. This year, an estimated 500 CEOs were there. “It’s hard to...
Insurtech Profile: Kordinator Adds Empathy to Automated Customer Service
Oct 22 2018 // Automated customer service is a fact of life. In fact, many people are more comfortable sharing personal details with a machine than with a human. But automation must appreciate that not every customer is a 40 year-old...
Google ‘Definitely’ Interested in Other Insurtech Investments Following Applied Systems
Oct 19 2018 // Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on Oct. 17. “We...
Aon Forms New Ventures Group, Led by Chief Innovation Officer Goland
Oct 19 2018 // Aon plc announced it has formed a new unit called New Ventures Group, which is designed to increase Aon’s investment in innovative new businesses. The global unit will identify, incubate and deliver new sources of...
The Changing Risk and Liability Landscape: New Tech, New Loss Scenarios
Oct 19 2018 // Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as...
Penniall’s Integrity and Creativity Highlighted in Monarch’s Knightly Ads
Oct 17 2018 // Don Penniall beat “dilly-dilly” to the punch a long time ago. Penniall was a creative, well-liked insurance professional who had the fortitude to launch his own firm later in life, those who remember him...
Google Invests in Insurance Agency Software Firm Applied Systems
Oct 17 2018 // Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made...
Softbank Plans Big Push into Insurance Investments
Oct 16 2018 // Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive...
Jackson Appointed Chief Innovation Officer at Apex Benefits
Oct 15 2018 // Apex Benefits, headquartered in Indianapolis, has named Stan Jackson as chief innovation officer. In this newly created role, Jackson will be responsible for leading the development of products, services and capabilities...
Insurtech Partnerships: What Insurers Want and Get
Oct 15 2018 // Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s...
Insurtech: A Role Model of Innovative Talent Success
Oct 15 2018 // Several years ago, technology announced its intent to rock the insurance industry. Some dismissed the challenge and saw the rise of insurtech as a minor disrupter. But times have changed. Funding is pouring in for major...
Insurtech Pilots and Pivots: Learning by Doing and Undoing
Oct 15 2018 // “If you can’t admit a failure, you’re not an entrepreneur. You are not a good business person. There’s nothing brilliant about what you are doing.” –Mark Cuban Insurtechs are great for...
