Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurtech, Data Help Canadian Farmers Cut Lending, Insurance Costs
Dec 12 2019 // Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs. Collecting...
Fast-Growing German Insurtech Wefox Raises $110 Million More
Dec 11 2019 // German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion...
Group Warns Climate Regulations Could Disrupt Investment Strategies
Dec 10 2019 // Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a...
Big Tech May Be Required to Share Customer Data with Financial Firms
Dec 9 2019 // Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for...
High Distribution Costs and How to Fix Them
Dec 5 2019 // The disruption currently taking place in insurance and reinsurance markets is at its most acute since the culmination of the financial crisis. Industry reserves, deteriorating earlier catastrophe losses and eye-popping...
Ping An’s Technology Unit OneConnect Reduces Offering in U.S. IPO
Dec 5 2019 // Ping An Insurance’s OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of China’s...
Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 4 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
China’s Insurance Giant Ping An Increasingly Focuses on ‘Technology Plus Finance’
Dec 3 2019 // Just 31 years after it was founded in China’s southern city of Shenzhen, Ping An Insurance (Group) Co. has grown into the world’s second-largest insurer by market value after Berkshire Hathaway Inc.—more...
Analysis: Louisiana Government Cyberattack Could Have Been Worse
Dec 3 2019 // The cyberattack on Louisiana’s state government computer servers disrupted agency operations and made going to the Office of Motor Vehicles even more headache-inducing than usual. But it was nowhere near the...
Program Business Continues Record Growth Despite Market Challenges
Dec 2 2019 // Underwriters Search for ‘New’ and ‘High Risk’ Spaces to Target Fueled by investments from insurtechs and interest in niche classes, the program business market has experienced record growth over the...
Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M
Dec 2 2019 // The tech-enabled high-end home insurance provider Openly has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture...
Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M
Nov 26 2019 // The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s...
Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance
Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...
FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain
Nov 26 2019 // Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a draft...
Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr
Nov 25 2019 // Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported. The insurtech said it...
Confessions of a Diehard Fan of Insurance Data: Part 1
Nov 24 2019 // If Bill Pieroni were a Major League Baseball executive, he would be one of those sabermetric types like Oakland’s Billy Beane, heralded by the book “Moneyball.” His team’s manager would have...
Watch Out Finance, Business, Tech Workers. Artificial Intelligence Is Coming.
Nov 21 2019 // Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before. White-collar jobs and better-educated occupations along with...
Attempted Cyberattack Disrupts Louisiana Government Websites
Nov 20 2019 // Many of Louisiana’s state government websites and email systems were shut down because of what the governor’s office is describing as an attempted ransomware attack. The problem Monday disrupted business...
Insurtech Vouch Raises $45M, Announces Launch in California
Nov 20 2019 // Vouch Insurance this week announced a $45 million Series B investment round led by Y Combinator Continuity. Vouch also announced its launch in California, which the firm said represents 50 percent of the business insurance...
Aon to Acquire CoverWallet, Small-Medium Business Digital Insurance Agency
Nov 20 2019 // Global insurance broker Aon has agreed to acquire CoverWallet, a leading digital insurance platform for small and medium-sized businesses. The acquisition provides Aon with additional access to what it sees as a...
