Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
World’s Largest Carbon Capturing Technology Plant Starts in Iceland
Sep 8 2021 // The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said. Swiss start-up...
INSIGHT: How Big Tech Ethics Panels Are Putting Brakes on AI
Sep 8 2021 // In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to. It turned down the client’s idea after weeks of internal discussions,...
Marshmallow, Black-Founded Insurtech, Is Now a Unicorn
Sep 8 2021 // Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on Wednesday. The early-stage...
White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity
Sep 6 2021 // The U.S. government in late August said it would work with the industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...
AM Best Assigns ‘Excellent’ Ratings to Insurtech Next Insurance
Sep 3 2021 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook...
White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity
Aug 26 2021 // The U.S. government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...
People Moves: Insurtech Joyn Adds Schoberth; Chubb’s Lubin Joins Crum & Forster; TransRe Promotes O’Gwen; AXA XL’s Klimczak Moves to U.S.
Aug 25 2021 // Insurtech Joyn Adds Schoberth as Chief Distribution Officer Insurance technology company Joyn Insurance announced the addition of Uwe Schoberth as chief distribution officer. The role will focus on developing broker...
Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance in Europe
Aug 25 2021 // ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany. The product is designed to cover...
Insurance Is on Agenda at Today’s White House Cyber Summit With Tech Leaders
Aug 25 2021 // The White House is hosting an event on Wednesday that will bring together the largest U.S. technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking incidents earlier...
Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance
Aug 20 2021 // Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced. Together with DXC’s...
Tech Giants Are ‘Too Big to Fail’ Because They Host Insurers, Banks on Cloud Platforms
Aug 20 2021 // More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re not banks. This time it’s the tech...
Insurtech Blue Marble Launches Weather-Index Crop Insurance for Pakistani Farmers
Aug 18 2021 // Blue Marble, a London-based insurtech that offers affordable insurance protection for low-income families and small businesses in emerging markets, has launched a weather-index insurance-pilot program for smallholder...
Insurtech VOOM, Markel Offering Mileage-Based Motorcycle Insurance
Aug 17 2021 // Mobility insurtech VOOM and specialty insurer Markel have teamed up to launch a per-mile insurance offering for motorcycles in select states. VOOM will distribute the per-mile product both directly to riders and through...
Insurtech Quotall Announces Strategic Partnership with Broker/Fintech Provider Acrisure
Aug 17 2021 // Insurtech ecosystem specialist Quotall announced it has entered into a strategic partnership with global insurance broker and fintech services provider, Acrisure. Under the partnership, Acrisure will provide insurance...
MGA Insurtech Corvus Acquires Cyber-Focused Wingman Insurance
Aug 6 2021 // Managing general agent Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye on the admitted coverage marketplace and more digital platform partnerships. More...
HCI Group’s Home and Flood Insurtech TypTap Files for Possible IPO
Aug 5 2021 // HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market homeowners and flood insurance, has confidentially submitted a draft registration statement...
Many InsurTechs Go Under Quietly While Others Ride Funding Wave
Aug 5 2021 // While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less...
U.S. Tech Firm Operates 100% Autonomous Semi Truck on China Highway
Aug 5 2021 // A semi truck with driverless technology successfully completed a demonstration in busy traffic on a highway in an economic center in China, according to the California firm, Plus, that provided the driverless...
7 Insurtechs With Multibillion-Dollar Valuations
Aug 3 2021 // A number of insurtech startups are coming to market through blank-check companies. Here are valuations of several that have announced special purpose acquisition company (SPAC) plans. (Reporting by Alwyn Scott)
Homeowner Insurtech Hippo to Go Public Today as Real Estate Market Remains Hot
Aug 3 2021 // Hippo Enterprises Inc. wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5...
