Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
‘Public Is Tired of Excuses’ for Delays in Anti-Crash Tech: Republican Chairman
Feb 16 2018 // The chair of a congressional committee on Thursday urged U.S. railroads and transit agencies to meet a looming deadline to install an anti-crash technology called positive train control after a series of recent...
The High Cost of Cybercrime to Insurers and Banks
Feb 15 2018 // Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon...
Guest Post: Who Is Liable When No One Is Driving? Part 1
Feb 14 2018 // This week (and for the next few weeks) we are grateful for friend of the Academy, Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, Executive Director, Big “I” Virtual University who...
Insurers May Not be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’
Feb 14 2018 // Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists at the 2018 Professional...
Clearcover Insurtech Announces California Launch
Feb 13 2018 // Clearcover, a data-driven auto insurtech startup, announced the California launch of its platform today and that it is officially selling car insurance policies to residents in the state. The Chicago, Ill-based firm is...
Tech Company Roost Forms Insurer Partnerships for Home Telematics Pilot
Feb 13 2018 // Roost, a provider of home telematics for property insurance carriers, has partnered with Erie Insurance to test customer engagement with its Roost Smart Water Leak and Freeze Detector device in order to prevent water...
First-Hand Knowledge of Industry’s Problems Led to Idea for InsurePal’s Social Proofing
Feb 12 2018 // After spending 15-plus years in and around the insurance industry, Matt Peterman and Tom Volk had first-hand experience of the industry’s systemic problems with fraud and rising premiums. They decided to do something...
Waymo-Uber Trial in California Highlights Tech Talent War
Feb 5 2018 // Should full frontal lobotomies be required of Silicon Valley engineers looking to change jobs? Uber Technologies Inc. has said with a touch of hyperbole that that’s what the future holds if Waymo wins its lawsuit...
Japan’s Peer-to-Peer Vouch Insurtech Raises Seed Funding
Feb 5 2018 // Taiwan venture capital firm Nogle Capital Management, Singapore venture capital firm GREE Ventures and several angel investors have participated in the seed funding round of SGD$1 million for Singapore startup Vouch...
Why Independent Agents Remain Alive and Well
Feb 5 2018 // When I began my career as a journalist covering the insurance industry back in 1981, many of my early stories reported on dire warnings in a series of studies and expert pronouncements predicting the imminent demise of the...
Incumbent Re/Insurers Drive Insurtech Investments in Q4 2017: Willis Towers Watson
Feb 2 2018 // Re/insurance industry incumbents are fueling investments in insurtech startups, sending a clear message to potential disruptive outsiders, according to a report published by Willis Towers Watson, which detailed 2017 trends...
Insurtech Slice Wants to Rent Its On-Demand Platform to Others to Launch Products
Feb 1 2018 // Slice Labs, the developer of on-demand, pay-per-use insurance for homeshare companies and others, has started offering use of the platform it created to outside insurers and startups seeking to launch new products. Slice...
Munich Re Leads $16.5M Financing for AI, IoT Startup Mnubo
Jan 31 2018 // Munich Re’s HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things (IoT), data analytics and artificial intelligence (AI) startup, which is seeking to expand internationally. Founded in...
UK Insurtech Startup Inzura Raises $1M for International Growth Plans
Jan 31 2018 // Inzura, the London-headquartered insurtech startup, announced the completion of its first major funding round, raising US$1 million to pursue its “ambitious growth plans.” The funds will be used to accelerate...
4 Reasons a Career in Insurance is a Safe Bet
Jan 31 2018 // This week marks the beginning of the third annual Insurance Careers Month. You didn’t know that February is Insurance Careers Month? Really? Now you do. Don’t thank me, I’m just a messenger. We are in...
Startup Neptune Offering Digital Private Flood Product to Agents, Carriers in Nationwide Expansion
Jan 25 2018 // A digital startup private flood insurance provider, Neptune Flood, has secured $2 million in seed round funding and has plans to “aggressively expand” nationwide by offering its platform to carriers, agencies...
Japan’s SoftBank Eyes Taking Stake in India Insurance Startup: Sources
Jan 25 2018 // SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese...
Hartford InsurTech Hub Announces Partnership with Crawford & Company
Jan 24 2018 // Hartford InsurTech Hub, powered by Startupbootcamp, has announced a partnership with Crawford & Company, a publicly listed independent provider of claims management to insurance companies and self-insured entities. The...
AXIS Capital Restructures to Focus More on Tech & Innovation
Jan 24 2018 // AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place during the 2018 second...
With $25 Million in New Funding, Home Insurtech Hippo to Expand
Jan 24 2018 // Insurtech Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and Fifth Wall...
