Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts
Jan 14 2021 // Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in...
Canadian Insurtech Apollo Closes C$13.5 Million Funding Round
Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million...
British Columbia’s New COVID-19 Restrictions Disrupt Construction Projects
Jan 6 2021 // CALGARY, Alberta – Restrictions imposed by British Columbia to fight the spread of COVID-19 infections after the holiday break have disrupted work at construction sites of a Rio Tinto hydropower project and BC...
Administration Says Railroads Have Met Safety Technology Deadline
Dec 30 2020 // The U.S. Transportation Department announced Tuesday that anti-derailment technology positive train control, or PTC, is in operation on all required railroad route miles ahead of a Dec. 31 deadline set by Congress. The...
UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU
Dec 16 2020 // Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe,...
Tech Firms Form Coalition to Defend Internet Liability Shield Law
Dec 16 2020 // A number of internet companies that are not big social media players are organizing to defend the law that shields them from lawsuits. The companies have formed a coalition called Internet Works to protect what they see as...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments
Dec 15 2020 // Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help...
German Insurtech Startup Wefox Expects Profitable 2021
Dec 15 2020 // BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an...
UK Insurtech Startup battleface Raises $12M in Funding from U.S. Venture Capital Firm
Dec 11 2020 // UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, announced a $12-million Series A financing round from Drive Capital, a Columbus, Ohio-based venture capital firm. The...
UK Insurtech Zego Buys Telematics Firm Drivit to ‘Revolutionize’ Insurance Pricing
Dec 9 2020 // Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. The deal, which will enable Zego to collect real-time driver...
Travelers to Acquire Plymouth Rock’s Digital Agency InsuraMatch
Dec 3 2020 // The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. The transaction is expected to close in the first quarter of 2021 after...
Small Business Insurtech Huckleberry to Offer Pandemic Business Interruption Plan
Dec 3 2020 // Huckleberry, a small business insurance purchasing platform, has launched a new offering designed for small businesses impacted by pandemic-related stressors and costs. The Pandemic Business Interruption plan will be...
Insuring Cyber Podcast Episode 3: Underneath ‘the Tip of the A.I. Iceberg’ in Insurance
Dec 2 2020 // Powered by InsuranceJournal.tv Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe that among relevant technology, artificial intelligence (A.I.)...
Top Biden Tech Advisor Is Critic of Internet Firms; Helped Craft California Privacy Law
Nov 25 2020 // President-elect Joe Biden’s top technology adviser helped craft California’s landmark online privacy law and recently condemned a controversial federal statute that protects internet companies from liability,...
Zywave Acquires Insurance Technologies Corporation (ITC)
Nov 24 2020 // Insurance technology provider Zywave announced the acquisition of Insurance Technologies Corporation (ITC), a leading provider of marketing, rating and management software and services to the insurance industry. Zywave...
Howden Buys Cyber and Tech Specialist Broker Safeonline
Nov 23 2020 // Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. The acquisition underlines the...
Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened
Nov 23 2020 // The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued...
Best Agency to Work For Overall: RightSure Insurance Group
Nov 23 2020 // From standup comedy and acting gigs to selling insurance – not the typical career path for the everyday independent agency owner but that is how Jeff Arnold, founder of RightSure Insurance Group, this year’s...
Health Officials Hope New Coronavirus Contact Tracing Apps Attract More Users
Nov 20 2020 // A new wave of mobile apps that help track exposure to the coronavirus is coming to U.S. states ahead of the holidays as public health officials bet that recently introduced features from Apple Inc. and Alphabet...
Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution
Nov 20 2020 // Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster. Called “Blink...
