Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
New Florida Insurtech Agency HoneyQuote Looks to Shake-Up Agency Model
Aug 16 2018 // A new insurtech agency has entered the Florida homeowners market space with a rating engine offering quotes from multiple domestic carriers and the ability to purchase coverage in one transaction. HoneyQuote.com, launching...
Extraordinary Re’s Extraordinary Idea for Trading Insurance Risks Like Stocks
Aug 15 2018 // Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a...
How Agent and Carrier Relationships Are Changing in a Customer-Centric World
Aug 14 2018 // Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more product options and more...
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...
Michigan Insurance Department Creates Insurance Innovation Hotline
Aug 10 2018 // Michigan is seeking insurance innovation entrepreneurs and has opened channels to encourage innovator interaction with the state insurance department. The Michigan Department of Insurance and Financial Services (DIFS)...
Workers’ Comp Insurtech Pie Insurance Raises $11 Million
Aug 10 2018 // Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general...
Moonrise, American Family Aim to Boost Customer Engagement, Financial Security
Aug 10 2018 // At first glance, an insurance company’s investment in a staffing company might seem, well, a little off-base. But according to principals at American Family Insurance and its staffing agency subsidiary, Moonrise,...
New AI Programs Can Learn How to Beat Best Cyber Defenses
Aug 10 2018 // The nightmare scenario for computer security – artificial intelligence programs that can learn how to evade even the best defenses – may already have arrived. That warning from security researchers is driven...
Embroker Launches Direct-to-Customer Online D&O Policy for Startups
Aug 8 2018 // Embroker, a digital commercial insurance brokerage, has launched a fully digital directors and officers (D&O) insurance policy, specifically designed for venture capital (VC) backed tech startups. The D&O policy is...
Mortgage Startup Blend Labs Enters Homeowners Market With MetLife
Aug 6 2018 // Blend Labs Inc., a startup that first became known by helping big banks make it easier for homebuyers to get a mortgage online, is branching out into a new industry: insurance. The San Francisco-based company is launching...
Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors: Sources
Aug 2 2018 // Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three...
Nationwide Invests in Online Business Financing Startup BlueVine
Jul 31 2018 // Nationwide said it is making a new venture-capital investment in BlueVine, a provider of online working capital financing for small- and medium-sized businesses. The BlueVine announcement is part of Nationwide’s...
AXIS Launches AXIS Digital Ventures to Accelerate Innovation via Insurtech Partners
Jul 31 2018 // AXIS Capital Holdings Ltd. announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with insurtech companies that focus on high value re/insurance applications, new...
Canadian Insurer Backs Autonomous Car Startup in Florida Retirement Community
Jul 26 2018 // There’s a village in Florida where self-driving cars rule the road, and a Canadian insurance firm wants to come along for the ride. Toronto-based Intact Financial Corp. is investing $3 million in startup Voyage as...
Chinese Acquisitions of High-Tech Firms Pose Security Risk: German Spy Chief
Jul 25 2018 // Chancellor Angela Merkel’s top counterintelligence official said Chinese acquisitions of high-tech companies in Germany represent a potential national-security threat. The head of Germany’s top domestic...
What’s New in Today’s Construction Insurance Market
Jul 23 2018 // Brokers who specialize in the construction industry love their clients and are very committed to keeping up with their needs. Ask them, “So what’s new?” and the conversations inevitably veer off in...
Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions
Jul 23 2018 // In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders,...
Strategic Blockchain: Xceedance and ChainThat Gain Critical Mass
Jul 20 2018 // Xceedance decided to jump on the blockchain bandwagon late last year – but rather than building its own platform, it invested in ChainThat, a specialist provider of blockchain solutions for the insurance and reinsurance...
MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
Jul 18 2018 // Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey...
Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships
Jul 18 2018 // Reinsurance companies increasingly are funding insurtech startups in order to structure more innovative products and improve their business efficiencies, but how much impact on the industry will these investments...
