Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
Fearless Brokers on Disruption by Insurtech: ‘Bring It On’
Jul 5 2017 // Executives of retail and wholesale property/casualty brokers, who have heard predictions about disintermediation for years, are not worried about the latest wrinkle in the stories of their demise—the rise of insurtech...
Auto Insurance Market to Shrink by 70% by 2050: KPMG
Jun 29 2017 // Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated...
New Flood Insurance Product For Florida Homeowners Available from American Integrity
Jun 29 2017 // American Integrity Insurance Group (AI), a Florida-based insurance provider, has unveiled a private flood insurance option for homeowners. AI is one of nine Florida-based insurers to offer its own flood program that...
Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations
Jun 28 2017 // When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four...
Safety Groups Urge Government to Set Rules of Road for Driverless Vehicles
Jun 27 2017 // Basic rules of the road are needed before lawmakers allow companies from Apple Inc. to Ford Motor Co. to dramatically expand testing of self-driving cars, safety and consumer advocates will tell lawmakers today. Automakers...
Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States
Jun 26 2017 // As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business....
As Agents’ Needs Change and Startups Emerge, Big ‘I’ Looks to Remain Relevant
Jun 26 2017 // Spencer Houldin is chairman of the nation’s largest and oldest agents’ association, the Independent Insurance Agents and Brokers of America (Big “I”). He is also co-president of the family-run...
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Jun 22 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
Bitcoin Startup, Blockchain, Raises $40M in New Funding from Heavy Hitters
Jun 22 2017 // Blockchain, the London-based bitcoin currency service provider, has raised $40 million of fresh funding, representing one of the largest investment rounds in the financial technology sector since Britain’s vote to...
Why Drivers Fear Driverless Cars
Jun 22 2017 // Davy Andrews is so adept at technology that he’s become the de facto IT troubleshooter in his office. But there’s one bit of tech he won’t touch: self-driving cars. “I wouldn’t want to be the...
Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard
Jun 21 2017 // Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. In May, Next reported...
7 Tips for Start-ups Partnering with Incumbent Insurers: Trōv Founder Walchek
Jun 20 2017 // Trōv is a tech start-up that’s introducing the world to a new way to insure their things: on-demand for any duration, entirely from a smartphone. We’ve had to reinvent the insurance value-chain — from...
High Agency Valuations Not Going Away, MarshBerry Exec Tells Conference
Jun 19 2017 // Valuations of insurance agencies are as high as they have ever been, and there does not appear to be any lessening of interest among suitors, according to an industry mergers and acquisitions (M&A) consultant. John...
Minding Your Business: Agency of the Future
Jun 19 2017 // Yogi Berra once said: “It’s tough to make predictions, especially about the future.” Ignoring that wisdom, what will the insurance agency business model look like in 10 years or 20 years? Right now there...
Tech Targets Construction Risk Management
Jun 19 2017 // Water sensors that detect leaks before a lot of damage is done, wearables that track workers’ whereabouts and video cameras that monitor sites — the building industry is gradually adopting these and other...
The Promise of Insurtech
Jun 19 2017 // Disruptive technology is poised to shake up our industry. Following tectonic plate shifts in publishing, finance, investing, telecommunications, recorded music, information technology, retail, and even ride hailing...
Startup Decisely: Insurtech ‘For Brokers, By Brokers’ Targets Small Business Benefits
Jun 16 2017 // Some see insurtech as the enemy. Others see it as a sign of things to come. Then there’s EPIC Insurance Brokers & Consultants, which is clearly embracing the insurtech craze while soliciting brokers to join...
Uber’s Plans for Trucking Industry Hit Detours
Jun 16 2017 // Uber Technologies Inc.’s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling...
With Insurer Backing, Home Sensor Startup Notion Raises $10 Million
Jun 14 2017 // Insurer XL Catlin’s venture capital arm is among firms helping to back a $10 million financing for Notion, an Internet of Things-related startup focused on a low-cost remote smart home sensor for home security. XL...
Most Car Makers in No Rush to Make Automatic Braking Standard Equipment
Jun 12 2017 // Big automakers are rushing to launch self-driving cars as early as 2021, but the industry’s major players are moving slowly when it comes to widespread deployment of a less expensive crash prevention technology that...
