Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Cyber Service: How the Market Is Dishing Out Innovation
Nov 6 2017 // No one knows what the future of cyber risk holds. But more market choices and value-added services are now part of this fast-growing market. “We don’t know,” said Blake Wiedman, partner at Nashville-based...
China May Be Poised to Outpace U.S., Europe in Insurtech Innovation
Nov 3 2017 // Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular – may be poised to outpace U.S. and European counterparts developing insurtech innovations. Unencumbered by...
Artificial Intelligence Poses Risks to Insurers, Banks, Warns Global Regulator
Nov 1 2017 // Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday. The FSB, which...
AIG Renames Tech-Focused Commercial Insurance Unit Blackboard
Oct 31 2017 // American International Group’s technology-focused subsidiary formerly known as Hamilton USA has a new name, Blackboard. Hamilton USA was part of Hamilton Insurance Group. AIG announced plans to buy the unit in May...
QBE Invests in, Links With, Machine Learning InsurTech Startup RiskGenius
Oct 31 2017 // QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal...
Insurtech Startup Etherisc Offers Blockchain-Based Flight Delay Insurance
Oct 30 2017 // Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance payout in case a flight is...
Insurtech Zenefits, Co-Founder to Pay $1M for Misleading Investors
Oct 27 2017 // Silicon Valley business software startup Zenefits and its co-founder Parker Conrad have been fined nearly $1 million by the U.S. Securities and Exchange Commission as part of a settlement over charges that they misled...
Citi’s Head of Insurance Investments Named COO of Ping An Fintech Fund: Sources
Oct 24 2017 // Citigroup’s Asia head of insurance investment banking Donald Lacey is leaving the bank to become the chief operating officer of Ping An Insurance Group Co of China’s Global Voyager Fund, sources familiar with...
Insurtech Startup, Insurdata, Raises More Than $1M in Seed Financing
Oct 24 2017 // Insurdata, an insurtech firm that provides re/insurance underwriters with property-specific data to support their pricing, underwriting and portfolio management decisions, announced it has raised over $1 million in seed...
North Dakota’s Godfread ‘Excited’ About Technological Innovations in Insurance
Oct 20 2017 // North Dakota’s insurance commissioner is bullish on the technological innovations that are occurring within the insurance industry and wants his state to be in the forefront of experimenting with and testing new...
Minnesota’s SFM Mutual Insurance Joins Board of Global Insurance Accelerator
Oct 18 2017 // The Des Moines, Iowa-based Global Insurance Accelerator (GIA) announced that SFM Mutual Insurance Company (SFM), a workers’ compensation specialty provider headquartered in Bloomington, Minnesota, will join the GIA...
Former Patriots Players Speaking at Risk Conference Air Opinions on Kneeling
Oct 18 2017 // Watching NFL players kneel during the National Anthem didn’t sit well with a pair of former New England Patriots players, who aired their feelings about players protesting during the opening of football games during...
Alerts System for Tech-Connected Cars Planned for Ohio Turnpike
Oct 18 2017 // Officials are planning a new system of travel alert information for part of the Ohio Turnpike near Cleveland with an eye toward a day when autonomous vehicles might regularly cruise the roadway. The Turnpike Commission...
Is Hyperloop Transportation Technology Feasible or Insurable?
Oct 18 2017 // Hyperloop Transportation Technologies wants to build a tube-based inter and intra-city transportation system to transport passengers and cargo at high speeds. As part of its efforts to gain support, it sought to assure...
Mgaero Welcomes InsurTech Industry Executive as Head of Business Development
Oct 17 2017 // Freehold, NJ, October 17, 2017 — Mgaero welcomes InsurTech industry executive Alex Tsetsenekos as head of business development. Tsetsenekos brings nearly twenty years of diverse leadership experience in the insurance...
Markel International Launches Fintech Insurance for Asian Market
Oct 17 2017 // Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology sector in Asia, having successfully launched it in the UK early last...
Insurtech Mobile-Based Auto Insurer Root Expands into Utah
Oct 13 2017 // Root Insurance has expanded its services to drivers in Utah. Root, which is now operating in Illinois, Oklahoma, Indiana, Ohio and Arizona, asserts that drivers can save up to 52 percent by using Root’s data-driven...
Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform
Oct 12 2017 // Digital business insurance agency CoverWallet said it has closed a $18.5 million Series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr...
Insurers, Tech Firms ‘Must Work Together’ to Tackle Emerging Technology Risks
Oct 12 2017 // The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms have moved fast to...
Insurtech Lemonade Opens Its Sales Platform for All to Use
Oct 12 2017 // Lemonade announced Tuesday that it launched a public API (application programming interface), allowing anyone to seamlessly offer Lemonade policies through their apps or websites. The insurtech home insurer announced:...
