Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Startups Developing Technologies to Clean Air in Workplaces of Coronavirus
Sep 21 2020 // Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking...
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion
Sep 20 2020 // Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to...
InsureTech Connect Delays Virtual Conference Until October for Networking Signups
Sep 18 2020 // Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will...
Foresight’s Tech-Driven Workers Compensation Program Breaks New Ground
Sep 15 2020 // Foresight is now appointing a group of founding broker partners focusing on hazardous verticals in the middle market San Francisco, CA, September 15, 2020 – Foresight, a commercial insurtech MGU with carriers rated...
Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines
Sep 14 2020 // COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage. Yet, commercial lines insurance...
China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative
Sep 10 2020 // China has launched an initiative to address global data security issues, a countermove to the U.S. “clean network” program that is aimed at discouraging other countries from using Chinese technology. Foreign...
Electric Storage Explosion Highlights Danger of a Growing Technology
Sep 7 2020 // An investigation into the cause of an explosion at an Arizona energy storage facility that injured four firefighters confirms what engineers had feared: Packing lithium-ion batteries tightly together can spark a chain...
Indonesia’s PasarPolis Insurtech Raises $54 Million
Sep 2 2020 // The Indonesian digital insurance agency PasarPolis said it raised $54 million in a Series B funding round, in what it said is the largest Series B funding for an insurtech firm in the region. The company said the investors...
With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center
Sep 2 2020 // NEW DELHI/MUMBAI — Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground...
Why Some Organizations Are Managing Coronavirus Risk Better Than Others
Sep 1 2020 // While few, if any, organizations saw the coronavirus pandemic and all of its death and disruption coming, some were better positioned to deal with it than others. According to risk expert Jim Wetekamp, some organizations...
UK Supreme Court Denies Patent Appeals by Huawei and ZTE Over Mobile Technology
Aug 28 2020 // The United Kingdom’s Supreme Court on Wednesday unanimously dismissed appeals by China’s Huawei and ZTE in patent disputes over mobile data technology with Unwired Planet International and Conversant...
Experts Puzzled by Decline in Insurance Fraud Tips via Technology
Aug 25 2020 // Even though insurers have invested heavily in fraud-fighting technology, the percentage of referrals from automated systems accepted by special investigation units has declined to 15 percent from 22 percent in the past two...
Venture-backed Insurtech Foresight Poised to Shake Up Workers Compensation
Aug 25 2020 // Foresight offers an innovative workers’ compensation program for safety-critical verticals San Francisco, CA, August 18, 2020 – Foresight recently announced its technology-first workers’ compensation...
It’s Clear Insurance Agency Data Is Valuable. Who Owns It May Not Be So Clear.
Aug 24 2020 // Independent agencies, like every other business, are living in a data-driven world. The value of data — including how and when it’s used and for what purpose — continues to evolve. As the value of data to...
101 Sales, Marketing & Agency Management Ideas
Aug 24 2020 // 1. Offset Negativity. What can you show your clients that you are doing to help them during the pandemic? Everyone is tired of hearing how all their business income (BI) claims are denied. What are you doing to offset all...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Duck Creek Shares Jump; Coronavirus Drives Insurance Technology Demand
Aug 16 2020 // Shares of Duck Creek Technologies Inc. soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial public offering...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Swiss Re Builds Risk Scoring System, Aiming to Reward Safe Cars with Lower Premiums
Aug 14 2020 // A car owner should be able to pay lower insurance premiums for driving a car with safety features, such as automated braking that stops the car when the driver is distracted or lane keep assist systems that help prevent a...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions
Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...
