Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Detroit Police Sued by Man Mistaken for Shoplifter by Recognition Technology
Apr 15 2021 // A Black man who was arrested when facial recognition technology mistakenly identified him as a suspected shoplifter has sued Detroit police, seeking compensation for the humiliating incident and restrictions on how the...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources
Apr 12 2021 // SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people...
Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains
Apr 9 2021 // LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry...
Indian Insurtech Policybazaar Plans Mumbai IPO
Apr 7 2021 // Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to people familiar with the...
UK Insurtech Zego Launches Flexible Cover for Food, Grocery Delivery Businesses
Apr 5 2021 // Zego, the London-based insurtech and commercial motor insurance provider, has launched two new flexible insurance products for moped and e-bike fleets in the UK. The new products, developed in partnership with Wakam,...
Homeland Security Chief Prioritizes Disrupting Ransomware in Cyber Efforts
Apr 5 2021 // Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said last Wednesday that dealing with ransomware will be a top priority, highlighting the growing threat of the data-scrambling software. Ransomware...
Suez Canal Must Upgrade to Avoid Future Shipping Disruption: Sources
Apr 5 2021 // CAIRO – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounce back from...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Apr 5 2021 // See a need and then fill it. That’s the secret of most successful businesses — and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...
Leveraging carrier technology to support small business customers
Apr 2 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The small commercial market offers tremendous opportunities for agents to increase their market share more than ever before, particularly for those...
Tech Firms Under More Scrutiny and Unhappy with Their D&O Insurance
Mar 31 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021. Insurance broker Marsh...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform
Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also, a new platform for offering management liability insurance to small...
Insurtech Funding News: $118M for Pie; $30M for Snapsheet
Mar 26 2021 // There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a...
Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing
Mar 24 2021 // With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the insurtech carrier has been named in a shareholders class action complaint, Carrier Management has...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service
Mar 22 2021 // The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by...
Insurtech Blink Expands into Central, Latin America; Partners with Travel Assistance Firm
Mar 15 2021 // Blink Parametric, the Cork, Ireland-based insurtech, has announced a major expansion of its flight disruption insurance platform in Central & Latin America, scheduled for launch this month. The partnership between...
$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley
Mar 12 2021 // Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer...
German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger
Mar 11 2021 // BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Mar 11 2021 // See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...
Insurance Sales Prospecting Insurtech, Agency MVP, Raises $3.5M, Adds Execs
Mar 10 2021 // AgencyMVP, an online platform that identifies prospects for property/casualty insurance agencies, has received $3.5 million in seed funding from Silverton Partners. The firm has also added to its leadership team. With this...
Zego Becomes UK’s 1st Insurtech Unicorn After Fundraising Values Company at $1.1B
Mar 10 2021 // Commercial mobility insurer Zego has become the UK’s first insurtech unicorn after raising $150 million, valuing the company at $1.1 billion. The London-based business will now accelerate the expansion of its product...
