Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurtech Lemonade Opens Its Sales Platform for All to Use
Oct 12 2017 // Lemonade announced Tuesday that it launched a public API (application programming interface), allowing anyone to seamlessly offer Lemonade policies through their apps or websites. The insurtech home insurer announced:...
Willis Towers Watson’s Insurance Consulting & Tech Team Taps Bruce from Travelers, Rourke from LV=
Oct 10 2017 // Willis Towers Watson said it has strengthened its Insurance Consulting and Technology business with two new senior appointments. Based in London, Neil Bruce joins the UK P&C Insurance Consulting and Technology team...
P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence
Oct 6 2017 // Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million...
Insurtech Slice Raises $11.6M; Will Offer Its On-Demand Platform to Other Carriers
Oct 5 2017 // Slice Labs Inc., a company offering an on-demand insurance platform for rideshare and homeshare risks in the United States, has announced a Series A investment of $11.6 million led by XL Innovate, with participation from...
U.S. Senate Panel Gives Green Light to Bill to Speed Use of Self-Driving Cars
Oct 5 2017 // A U.S. Senate panel on Wednesday unanimously gave the green light to a bill aimed at speeding the use of self-driving cars without human controls, a measure that also bars states from imposing regulatory road blocks. The...
Get Very Used to Drone Usage in the Insurance Industry
Oct 4 2017 // One major insurance carrier already has a program underway to train claims adjusters to visit accident sites and fly drones to gather data. American Family Insurance started working on developing a drone program around...
UK’s PremFina, a Broker Software Provider, Raises $36M for Expansion
Oct 4 2017 // PremFina Ltd., a UK firm that provides software to insurance brokers, raised $36 million in its first round of funding as founder and serial entrepreneur Bundeep Singh Rangar seeks to expand the company. The equity and...
Insurtech Pie Insurance Eyes Slice of Workers’ Comp Market with $4.3M Funding and Pricing Tool
Oct 4 2017 // Oddly-named Pie Insurance took an initial step toward entering the workers’ compensation insurance market at the InsureTech Connect conference in Las Vegas by introducing an interactive pricing tool for small and...
Why the Insurance Industry Needs a Toothbrush and Other Notes from Record-Breaking InsureTech Connect Conference
Oct 4 2017 // Insurance company employees wondering where all their bosses are this week should not be worried. It’s a good bet the executives are safe in Las Vegas at the second annual InsureTech Connect Conference. More than...
Driver Concerns Over the Future of Autonomous Vehicles: AIG Study
Oct 3 2017 // Safety of the vehicles, including the risk of hacking, are key concerns when it comes to autonomous vehicles, according to a study by American International Group, Inc. on the whether or not Americans accept or reject...
Insuretech Connect Conference in Las Vegas to Go On as Scheduled
Oct 2 2017 // The Insuretech Connect Conference scheduled to open today in Las Vegas at Caesar’s Palace will still be held as planned in the wake of the mass shooting on the Las Vegas Strip, according to the...
People
Oct 2 2017 // Global insurance broker Hub International Limited (HUB) named Marc Cohen, currently president, as president and chief executive officer, effective Jan. 1, 2018. He also will be a member of the board of directors. Cohen...
Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model
Sep 28 2017 // Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the...
Startupbootcamp Launches Insurtech Accelerator in Hartford
Sep 27 2017 // Startupbootcamp, a London-based insurance accelerator that focuses on identifying globally-located disruptive and collaborative insurance and technology innovations, has announced the launch of its new InsurTech...
State Auto Labs Launches $25 Million Innovation Venture Fund
Sep 26 2017 // State Auto Labs Corp., the innovation arm of Columbus, Ohio-based State Automobile Mutual Insurance Co., has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
Trump Regulation Approach Likely to Stall Connected Vehicles
Sep 26 2017 // The technology that gives cars superpowers to see around corners and through walls won’t be on the first self-driving rides hitting the road in the next few years. Vehicle-to-vehicle communication systems, known as...
MarketScout in Dallas Creates $25M Insurtech Venture Fund
Sep 25 2017 // Dallas-based insurance exchange and MGA MarketScout announced it has launched MarketScout InsurTech (MIT), which will make investments in tech-enabled insurance distribution. The initial funding of $25 million will come...
Ohio Insuretech, Bold Penguin, Appoints Metcalf as Chief Financial Officer
Sep 19 2017 // Bold Penguin, a Columbus, Ohio-based insurtech providing an online marketplace for commercial lines property and casualty (P/C) agents, has hired former Ohio Deputy Treasurer Seth Metcalf as the company’s chief...
Autonomous Vehicle Regulation Highlights Federal vs. State Divide
Sep 19 2017 // As the U.S. Congress moves quickly to pass the first federal law governing self-driving cars, some state and city officials are pushing back over fears that the measure will limit their ability to regulate vehicle safety...
Insurers Hope Insurtech Will ‘Nudge’ Customers to Less Risky Behaviors
Sep 19 2017 // Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure of products promising...
