Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Insurtech Next Insurance Ditching Agency Model to Become a Carrier
May 24 2018 // Next Insurance, which debuted in 2016 as a digital insurance agency for small to medium-size businesses, is repositioning itself by becoming a licensed insurance carrier. The company says it has received its first license...
Cybersecurity Professional Deploys Insurtech to Simplify Small Business Cyber Market
May 23 2018 // A small business owner and cybersecurity professional frustrated by the complicated cyber coverage buying process decided to take matters into his own hands – he became a cyber insurance broker. “I wanted to solve...
FinTechVisor Seeks to Connect Fintechs, Insurtechs with Traditional Firms
May 22 2018 // Consultant Capgemini and the not-for-profit Efma have launched a platform designed to bring fintechs and insurtechs together with traditional banks and insurers around innovation. The portal, named FinTechVisor, will have...
EU’s Data Privacy Law Places AI Use in Insurance Under Closer Scrutiny
May 22 2018 // Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools...
Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
May 22 2018 // Powered by InsuranceJournal.tv Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of...
Data Privacy Risks as Digital Identity Moves to Biometrics, Blockchain
May 21 2018 // A retail store’s ability to authenticate customers by scanning their unique ear or retinal patterns may seem like something out of a sci-fi movie, but this type of identification technology isn’t...
Risk Management Not Keeping Pace with Technology Trends: Marsh-RIMS Report
May 21 2018 // Emerging technologies continue to rapidly change the way businesses operate and interact with customers, yet risk management processes are not keeping pace with the associated risks, according to a report published in...
Age of Insurtechs Poses Unique Challenges for Surplus Lines Insurance Industry
May 17 2018 // Over the last year or so, the insurance industry has seen technological advances driving new products and distribution means to market. We have seen “insurtech” blossom from a term to describe the intersection...
MGA Boost Provides Insurtechs with Insurer Access, Backend Operations
May 17 2018 // Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B insurtech development platform. Nephila is leading the facility with participation from Markel Digital, the insurtech group within...
High-Flying Drone Business May Leave Smaller Firms, Pioneers Behind
May 15 2018 // Andy Trench made $2,000 a day in 2015 taking sky-high photographs along the East Coast with a drone he made himself. Now, that same work fetches about $175. “It’s apparent that a lot of this industry is a race...
Password Stolen; Create a New One. What If Your Retina Scan or Fingerprint Is Stolen?
May 11 2018 // A retail store’s ability to authenticate customers by scanning their unique ear or retinal patterns may seem like something out of a sci-fi movie, but this type of identification technology isn’t...
How Insurer Execs, Workers View Artificial Intelligence and Future Work
May 11 2018 // Insurers can seize major growth opportunities by redesigning work, bringing in new talent, and pivoting their existing workforces to work with artificial intelligence (AI), according to a new repot by Accenture. The...
White House Hosts Meeting on Future of Artificial Intelligence
May 10 2018 // The White House plans to convene a meeting on Thursday on the future of artificial intelligence in U.S. industry with major companies including Facebook Inc., Amazon.com Inc., Google parent Alphabet Inc. and Oracle Corp....
Cyber Insurance Startup At-Bay Secures $13 Million in Funding
May 9 2018 // California-based At-Bay, a digital cyber risk monitoring and insurance firm, reports it raised $13 million in Series A funding, bringing the start-up’s total funding to $19 million. At-Bay is developing what it calls...
Nationwide Ventures Backs Drone Data Startup Betterview
May 9 2018 // Nationwide has made an investment in Betterview, a machine learning insurtech startup that focuses on analyzing data from drones, satellite and other aerial imagery. Betterview said it will use the undisclosed amount of...
Auto Insurers Turn to Improving Digital Experience as Competition Intensifies
May 7 2018 // The battle among auto insurers to win and retain business is as heated as it has ever been. A combination of record-low volumes of new insurance shoppers, consistent price competition among insurers and emerging...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
What If Tech Companies, Carriers Conspire to Denigrate Consumer Protections and Agency Value?
May 7 2018 // Here’s to ruffling feathers: Indeed, entities do exist in the insurance industry that do not look after their customers adequately. Carriers also exist that scrimp on claims, and some take shortcuts in underwriting,...
State Auto Venture Fund Backs 3-D Media Startup
May 3 2018 // State Automobile Mutual Insurance Co.’s newly launched $25 million venture fund has made its first investment. The lucky winner is Matterport, a 3-D documentation firm that can be used in underwriting and...
QBE Invests in HyperScience Artificial Intelligence for Office Work
May 3 2018 // QBE Insurance Group Limited (QBE) through its QBE Ventures, has closed an investment into HyperScience, a machine learning company focused on building artificial intelligence products for automating office work. In...
