Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...
Workers’ Comp Insurtech Pie Insurance Raises $11 Million
Aug 10 2018 // Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general...
CCC to Host Webinar on Technology Change Agents and the Future of Auto Insurance
Aug 10 2018 // Join CCC Industry Analyst Susanna Gotsch and Jason Verlen, SVP Product Management on Wednesday, August 15th. Chicago, IL, August 10, 2018– CCC Information Services Inc. (CCC) announced today that executives from the...
Typhoon Shanshan Moves Past Tokyo, Averting Major Disruption
Aug 9 2018 // Typhoon Shanshan spared most parts of Tokyo and is expected to head northward along Japan’s eastern coast, averting major disruption for commuters in and around the capital. The slow-moving storm was located 60...
The Declining Value of Insurance
Aug 6 2018 // Value is a relative term often specific to a given asset. For example, if the price of gold declines from $1,800 per ounce to $1,250 per ounce, as it has, then gold is less valuable. The price of insurance is set to...
Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors: Sources
Aug 2 2018 // Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three...
AXIS Launches AXIS Digital Ventures to Accelerate Innovation via Insurtech Partners
Jul 31 2018 // AXIS Capital Holdings Ltd. announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with insurtech companies that focus on high value re/insurance applications, new...
Jury Awards IBM $83 Million in Closely-Watched Patent Dispute with Groupon
Jul 30 2018 // A U.S. jury last Friday awarded International Business Machines Corp. $83 million in a patent dispute with e-commerce company Groupon Inc. A jury in Delaware said Groupon used IBM’s patented e-commerce technology...
Lyft Faces Patent Suit by Professor Over Ridesharing Model
Jul 25 2018 // A retired Georgia Institute of Technology engineering professor described as a “pioneer” in developing the idea of ride sharing sued Lyft Inc., claiming it infringed his patent for technology underlying the...
Chinese Acquisitions of High-Tech Firms Pose Security Risk: German Spy Chief
Jul 25 2018 // Chancellor Angela Merkel’s top counterintelligence official said Chinese acquisitions of high-tech companies in Germany represent a potential national-security threat. The head of Germany’s top domestic...
What’s New in Today’s Construction Insurance Market
Jul 23 2018 // Brokers who specialize in the construction industry love their clients and are very committed to keeping up with their needs. Ask them, “So what’s new?” and the conversations inevitably veer off in...
Strategic Blockchain: Xceedance and ChainThat Gain Critical Mass
Jul 20 2018 // Xceedance decided to jump on the blockchain bandwagon late last year – but rather than building its own platform, it invested in ChainThat, a specialist provider of blockchain solutions for the insurance and reinsurance...
MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
Jul 18 2018 // Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey...
Reinsurers, Insurtech Startups Increasingly Seek Mutually Beneficial Partnerships
Jul 18 2018 // Reinsurance companies increasingly are funding insurtech startups in order to structure more innovative products and improve their business efficiencies, but how much impact on the industry will these investments...
Travelers: Use Current Auto Insurance Model for Autonomous Future
Jul 17 2018 // Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the...
Workers’ Comp ‘Disruptor’ Launching in California for Injured Farm Employees
Jul 16 2018 // An insurtech startup says it will disrupt California’s workers’ compensation system with “technology-enabled triage and care coordination” for California Farm Management. ChronWell, a mobile...
Analytics Advice for Agencies How, Why and Where Agencies Should Use Data Analytics
Jul 16 2018 // The data insurance agencies and brokerages possess is ever-growing. Thus, agency managers need to be able to answer how, why, and where they can successfully analyze and use all of this data. The answer to the...
J.D. Power: Why Lemonade’s Policy 2.0 Matters
Jul 16 2018 // Recently, insurtech start-up Lemonade announced a product initiative called Policy 2.0. According to Lemonade, it will simplify the language within a standard insurance policy so insureds can easily understand what is and...
Daimler Deploying Self-Driving Taxis in California Test Program
Jul 11 2018 // German automaker Daimler AG and auto supplier Bosch Corp will deploy self-driving taxis in California’s Silicon Valley region next year as part of a test program of vehicles designed for city driving, the two...
Insurtech Next Insurance Raises $83 Million to Expand; Nationwide, Munich Re Among Investors
Jul 11 2018 // Next Insurance has raised $83 million in new financing, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market. Nationwide Insurance and Munich...
