Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurtech Accelerant Launches $175M Sidecar Investment Vehicle Flywheel Re
Aug 31 2022 // Accelerant, an insurtech platform that aims to provide underwriters with risk exchange, data analytics and long-term capacity commitments, announced a new $175 million sidecar vehicle, Flywheel Re. Flywheel will provide...
InsurTech Founders Say Launching an MGA Means Learning to Juggle
Aug 24 2022 // Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra CEO Dan Woods at the 2022 OnRamp Insurance conference. “I don’t know if I can...
Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
Aug 22 2022 // At-Bay, the San Francisco-based insurtech and managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance...
China Extends Industrial Power Cuts as Drought, Heatwave Threaten Wider Disruptions
Aug 22 2022 // Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down...
Technology Delivering New Data Sources for Claims Investigations
Aug 19 2022 // The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of an...
Insurtech Startup Quotech Announces £1 Million Investment Led by Re/insurer Convex
Aug 8 2022 // Quotech, the insurtech that creates data-taming systems for specialty insurers, brokers, and MGAs, has raised £1 million from a number of angel investors and Convex Group Ltd., the international specialty insurer and...
Omaha, Nebraska to Host Insurtech on the Silicon Prairie in October
Aug 5 2022 // Nebraska Department of Insurance Director Eric Dunning announced that the Insurtech on the Silicon Prairie conference is back in-person and will be held on October 24 and 25. Omaha’s Holland Performing Arts Center...
Insurtech Pie Insurance Partners with Bold Penguin, Talage, and Tarmika
Aug 5 2022 // Pie Insurance, an insurtech company specializing in workers’ comp insurance for small businesses, announced strategic partnerships with three leading commercial insurance platforms: Bold Penguin, Talage, and...
Global Insurtech Investment Down 50% in Q2: Gallagher Re
Aug 4 2022 // Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher Re said in a report on...
EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules
Jul 28 2022 // The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter...
Insurtech Funding Levels Hold Steady in Q2 vs. Q1: CB Insights
Jul 26 2022 // Funding for the insurtech sector held steady in the second-quarter of 2022, coming in at roughly $2.4 billion, the same as the overall funding figure recorded for first-quarter 2022, according to data released by CB...
Lawsuit: Chicago Police Misused Gunshot Detection Technology in Murder Case
Jul 25 2022 // A federal lawsuit filed last Thursday alleges Chicago police misused “unreliable” gunshot detection technology and failed to pursue other leads in investigating a grandfather from the city’s South Side...
Insurance Technology: Zurich Adds Workplace Culture Tool; DriverPremium App Transforms Phone; Kenzen Develops Heat Wearable
Jul 21 2022 // Zurich Resilience Solutions Combats Toxic Work Culture Zurich Resilience Solutions (ZRS) in North America is now offering customers a platform that can help them combat toxic work cultures and improve employee...
NEXT, Thimble Latest Insurtechs to Announce Layoffs This Year
Jul 20 2022 // NEXT Insurance and Thimble are the latest insurtechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both insurtechs pointing to an increased focus on profitability. NEXT...
Program Data Insurtech Noldor Raises $10M
Jul 18 2022 // New York-based Noldor, said it recently closed on a $10 million seed funding round from a group of well-established insurance investors. According to CEO John Horneff, Noldor’s seed funding positions the company for...
Scrutiny of Alibaba in Record Cyber Breach May Ensnare All China Tech
Jul 15 2022 // Questions surrounding Alibaba Group Holding Ltd.’s role in China’s largest known cybersecurity breach may fuel Beijing’s resolve to clamp down on domestic tech giants and accelerate a move away from their...
German Insurtech wefox Raises $400M, Increasing Valuation to $4.5B
Jul 12 2022 // Berlin insurtech wefox reports it has closed a Series D funding round of US$400 million and increased its valuation to US$4.5 billion. The round included both equity and debt. Abu Dhabi sovereign investor Mubadala...
Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab
Jul 8 2022 // InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents. The program...
Tech Giants Brace for Legal Mess of Abortion Data Subpoenas
Jul 8 2022 // Technology giants including Apple Inc., Microsoft Corp. and Google, facing questions about whether they’d hand over users’ personal data to authorities pursuing evidence on abortion seekers, are bracing for the...
EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern
Jul 6 2022 // EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited...
