Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
How Aerial Imaging Is Speeding Hurricane Claims Settlements
Oct 12 2017 // In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage. This use of aerial imaging combined with machine learning has fostered...
10 Critical Job Skills of the Future
Oct 10 2017 // The world sits on the precipice of the fourth industrial revolution, as a coming wave of disruptive technology in fields like artificial intelligence, machine learning, the mobile internet and 3-D printing remake entire...
Willis Towers Watson’s Insurance Consulting & Tech Team Taps Bruce from Travelers, Rourke from LV=
Oct 10 2017 // Willis Towers Watson said it has strengthened its Insurance Consulting and Technology business with two new senior appointments. Based in London, Neil Bruce joins the UK P&C Insurance Consulting and Technology team...
Lloyd’s Signs Deal with Artificial Intelligence Specialist, Expert System
Oct 9 2017 // Lloyd’s of London wants to infuse artificial intelligence (AI) technology into the daily business it does with its customers. The world’s largest insurance market signed a global deal with Expert System that...
Insurtech Slice Raises $11.6M; Will Offer Its On-Demand Platform to Other Carriers
Oct 5 2017 // Slice Labs Inc., a company offering an on-demand insurance platform for rideshare and homeshare risks in the United States, has announced a Series A investment of $11.6 million led by XL Innovate, with participation from...
Carpenter Appoints Yoder to Lead Global Innovation & Product Development
Oct 5 2017 // Guy Carpenter & Co., the reinsurance brokerage subsidiary of Marsh & McLennan Cos., has appointed Claude Yoder as managing director and global chief innovation and product officer, effective Sept. 18. Yoder is...
W. R. Berkley Corp. to Invest in Iowa’s Global Insurance Accelerator, Join Board
Oct 4 2017 // The Global Insurance Accelerator (GIA), based in Des Moines, Iowa, announced that W. R. Berkley Corp. (W. R. Berkley), will join the GIA board of directors through a commitment to be an investor. Founded in 1967 and based...
Insurtech Pie Insurance Eyes Slice of Workers’ Comp Market with $4.3M Funding and Pricing Tool
Oct 4 2017 // Oddly-named Pie Insurance took an initial step toward entering the workers’ compensation insurance market at the InsureTech Connect conference in Las Vegas by introducing an interactive pricing tool for small and...
Why the Insurance Industry Needs a Toothbrush and Other Notes from Record-Breaking InsureTech Connect Conference
Oct 4 2017 // Insurance company employees wondering where all their bosses are this week should not be worried. It’s a good bet the executives are safe in Las Vegas at the second annual InsureTech Connect Conference. More than...
Insuretech Connect Conference in Las Vegas to Go On as Scheduled
Oct 2 2017 // The Insuretech Connect Conference scheduled to open today in Las Vegas at Caesar’s Palace will still be held as planned in the wake of the mass shooting on the Las Vegas Strip, according to the...
XL Catlin’s Accelerate Partners with UK Artificial Intelligence Startup Cytora
Oct 2 2017 // XL Catlin’s internal innovation team, Accelerate, announced it is working with Cytora, a UK-based insurtech startup that uses artificial intelligence (AI) and open source data to improve the way insurers quantify,...
Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model
Sep 28 2017 // Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the...
Startupbootcamp Launches Insurtech Accelerator in Hartford
Sep 27 2017 // Startupbootcamp, a London-based insurance accelerator that focuses on identifying globally-located disruptive and collaborative insurance and technology innovations, has announced the launch of its new InsurTech...
Robo Adviser Helps Drive Record Boost in AIG Investment Business
Sep 27 2017 // American International Group Inc., the 98-year-old insurer and retirement planner, is finding being tech-savvy pays off. Consumers are pumping cash into a unit that oversees $244 billion in client assets after it invested...
State Auto Labs Launches $25 Million Innovation Venture Fund
Sep 26 2017 // State Auto Labs Corp., the innovation arm of Columbus, Ohio-based State Automobile Mutual Insurance Co., has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
Trump Regulation Approach Likely to Stall Connected Vehicles
Sep 26 2017 // The technology that gives cars superpowers to see around corners and through walls won’t be on the first self-driving rides hitting the road in the next few years. Vehicle-to-vehicle communication systems, known as...
MarketScout in Dallas Creates $25M Insurtech Venture Fund
Sep 25 2017 // Dallas-based insurance exchange and MGA MarketScout announced it has launched MarketScout InsurTech (MIT), which will make investments in tech-enabled insurance distribution. The initial funding of $25 million will come...
PartnerRe Forms Partnership with Fintech Money Transfer Specialist, RemitRadar
Sep 21 2017 // PartnerRe has entered into a strategic cooperation agreement with RemitRadar, a London-based money transfer specialist. PartnerRe and RemitRadar said they have formed this agreement “to capitalize on...
Ohio Insuretech, Bold Penguin, Appoints Metcalf as Chief Financial Officer
Sep 19 2017 // Bold Penguin, a Columbus, Ohio-based insurtech providing an online marketplace for commercial lines property and casualty (P/C) agents, has hired former Ohio Deputy Treasurer Seth Metcalf as the company’s chief...
Insurers Hope Insurtech Will ‘Nudge’ Customers to Less Risky Behaviors
Sep 19 2017 // Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure of products promising...
