Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Insurtechs Continue to Perform Miracles for Policyholders
Apr 1 2018 // APRIL 1, 2018— The competition among insurtechs trying to make their insurance customers “deliriously happy” continues to evolve with the latest news that one insurer is paying claims before they even...
Chubb Invests in Startup Bunker to Develop Gig Worker Insurance
Mar 29 2018 // Bunker and Chubb are working together to develop new insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker, committing at least $2 million to the startup digital broker and...
Uber Cut Back on Safety Sensors on Volvo Involved in Fatal Accidents: Reuters
Mar 27 2018 // When Uber decided in 2016 to retire its fleet of self-driving Ford Fusion cars in favor of Volvo sport utility vehicles, it also chose to scale back on one notable piece of technology: the safety sensors used to detect...
Startup Auto Insurer Root Raises $51 Million for Further Expansion
Mar 27 2018 // Columbus, Ohio-based auto insurer Root Insurance, which incorporates individual driver behavior data from mobile phone apps in every quote, announced the closing of a $51-million Series C funding round. Investors were led...
Taming Technochauvinism and Accepting Computers Don’t Always Get Things Right
Mar 27 2018 // An algorithm can predict which passengers survived the sinking of the Titanic in April 1912 and can do so with 97 percent accuracy—a result that both demonstrates the power of artificial intelligence and, more subtly,...
Supplier Claims Uber Disabled Its Safety Tech in Volvo That Caused Pedestrian Fatality
Mar 27 2018 // Uber Technologies Inc. disabled the standard collision-avoidance technology in the Volvo SUV that struck and killed a woman in Arizona last week, according to the auto-parts maker that supplied the vehicle’s radar...
After Uber Crash, Florida Still Welcomes Free-Range Robot Cars
Mar 26 2018 // Florida has been trying to lure self-driving cars to the state for testing on public roads, shaping laws that are much more lax than places like California and New York. The fatal accident last week in Arizona, another...
Chinese Tech Giant Baidu to Test Self-Driving Cars in Beijing
Mar 23 2018 // China’s capital city has given the green light to tech giant Baidu Inc to test self-driving cars on city streets, an important step as the country looks to bolster its position in the global race for autonomous...
Cloud-Based Insurtech Startup Insly Raises €2.2M ($2.7M) in Funding
Mar 23 2018 // Insly, a cloud-based insurance platform, announced an investment of €2.2 million (US$2.7 million), led by Concentric and Black Pearls VC. Founded in 2015, Insly offers insurance policy management for insurance brokers...
Legislation to Combat Online Sex Trafficking Clears Congress; Moves to President
Mar 22 2018 // Congress passed a bill to combat online sex trafficking that has split the tech industry, bringing one of the first measures to weaken legal protection for websites closer to becoming law as Big Tech faces a mounting...
European Insurtech Investment Growth Surpasses North America in 2017: Accenture
Mar 22 2018 // Global investment in the insurance technology (insurtech) industry surged in 2017, with Europe emerging as a new insurtech hub outside the U.S., according to new research from Accenture. The research, which includes new...
Startup Agency Gabi CEO: ‘We Don’t Want to Eliminate Agents’
Mar 20 2018 // Editor’s Note: On Feb. 21, Insurance Journal reported on online personal lines insurance startup Gabi’s latest fundraising. (Personal Insurance Site Gabi Raises $9.5 Million; Now Selling in 6 States). In its...
Startup California Construction Company Working on Robotic Vehicles
Mar 20 2018 // As a teenager working for his dad’s construction business, Noah Ready-Campbell dreamed that robots could take over the dirty, tedious parts of his job, such as digging and leveling soil for building projects. Now the...
Arizona Became Autonomous Hotbed Prior to Uber’s Deadly Crash
Mar 20 2018 // The technology behind autonomous vehicles has originated from coders in Silicon Valley, engineers in Detroit and academic researchers in Pittsburgh. Much of it eventually lands on the streets of Arizona, a state...
Analytics and Automation Reshaping the HR Process
Mar 19 2018 // Advancements in technology are driving continued evolution throughout the insurance industry. From insurtech and telematics to artificial intelligence (AI) and digitalization, the industry continues to face increased...
Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines
Mar 19 2018 // Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into...
Microsoft Internal Findings Say Gender Bias at Washington Tech Giant Rarely Founded
Mar 16 2018 // Microsoft Corp.’s investigators concluded that fewer than 1 percent of gender-discrimination complaints made internally were “founded,” according to data unsealed in an ongoing class-action lawsuit. The...
UK Broker BMS Launches Innovation Lab to Drive Company, Industry Transformation
Mar 15 2018 // BMS Group Ltd., the London-based re/insurance broking arm of Minova Insurance, announced the launch of BMS Innovation Labs, a platform that aims to drive change and innovation within the company and the wider insurance...
Chubb to Provide Drivers’ Products for SE Asian Transportation/Fintech Platform Grab
Mar 14 2018 // Grab, the Southeast Asia on-demand transportation and fintech platform, announced a partnership with Chubb to offer insurance solutions for Grab’s drivers. Using the Grab app, drivers will be able to select different...
Large Commercial Insurance Brokers Investing in AI, Analytics: Novarica
Mar 14 2018 // Large commercial brokers transacting business with multiple carriers and distributors are seeking to differentiate themselves in a competitive marketplace through improved technology such as artificial intelligenceI,...
