Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Tech Update: Aon Launches Climate Risk Monitor to Aid Risk Mgmt, Renewal Decisions
Mar 22 2024 // Insurance broker Aon plc has launched its Climate Risk Monitor, a tool that helps clients visualize and understand their exposures to physical climate risk in order to enable better business decisions. The property...
Markets/Coverages: Tech Firm Gabriel Partners With Re/insurer Chaucer and Crisis Mgmt Specialist to Offer Active Assailant Product
Mar 21 2024 // Gabriel, an Israel-based technology company that tackles the challenge of mass shootings and workplace violence threats, announced it has partnered with global specialty re/insurance group Chaucer and crisis management...
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Mar 19 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources
Mar 13 2024 // Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters. The...
Tesla, Rivals Get Low Marks for Automated-Driving Technology
Mar 13 2024 // Tesla’s Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received “poor” ratings from the U.S. Insurance Institute for Highway Safety in a...
Insurtech bolttech Partners with Saudi Telecom Group to Provide Embedded Insurance
Mar 12 2024 // Singapore-based insurtech bolttech announced its expansion into the Middle East with the launch of its partnership with telecommunications company stc Group. bolttech’s collaboration with Riyadh, Saudi...
Markets/Coverages: Mosaic Launches Primary Tech E&O Cover With Capacity of $15M
Mar 7 2024 // Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage to protect tech companies from increasing liability risks. The launch builds on Mosaic’s primary cyber...
Resilience in California Launches Technology E&O Coverage
Mar 6 2024 // San Francisco, California-based Resilience launched a Technology Errors & Omissions coverage for U.S. organizations with $300 million to $10 billion in revenue. With $10M in limits available for both primary and excess...
People Moves: AXIS Taps SCOR’s Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Leaders in Global Underwriting
Mar 5 2024 // This edition of International People Moves details appointments at Bermuda-based AXIS Capital Holdings and SiriusPoint. A summary of these new hires follows here. AXIS appoints Dejung as Global Cyber & Technology...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding
Mar 4 2024 // San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark...
Climate Tech Firm to Pilot Fast-Paying Flood Insurance in Africa
Mar 1 2024 // Climate change is particularly perilous for small farmers. Warmer conditions are resulting in more damaging bouts of rain and drought, but traditional crop insurance products are often unavailable or financially out of...
Change Healthcare Cyberattack Is Still Disrupting Pharmacies, Other Providers
Feb 28 2024 // A cyberattack that has disrupted Change Healthcare’s computer networks for nearly a week is creating a growing administrative problem for pharmacies and health-care providers around the nation. Change Healthcare, a...
Blu Clarity Names Irys Insurtech as Foundational Technology Platform
Feb 26 2024 // Blu Clarity, a value-based risk management solutions, has chosen Irys Insurtech as its foundational technology platform. This strategic move empowers Blu Clarity, an MGA, to quote and bind policies in real-time with any...
Insurtech Root Inc. Results Improve but Remain at a Net Loss
Feb 22 2024 // Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and...
Simply Easier Payments Appoints Tech Industry Leader Michele Shepard as Chairperson of the Board
Feb 22 2024 // DURHAM, NC., February 22, 2024 – Simply Easier Payments, a top-rated major provider of billing and invoicing solutions for insurance organizations, has appointed Michele Shepard as Chairperson of its Board of...
Insurtech Cake Completes $1.3M in Pre-Seed Funding
Feb 20 2024 // Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd. Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs,...
How Technology is Combating Insurance Fraud
Feb 19 2024 // This post is part of a series sponsored by AgentSync. We recently wrote in great detail about the different types of insurance fraud, including how to go about committing each type (just for informational purposes, of...
It’s Time for the Commercial Property Insurance Industry to Adopt Tech Efficiencies
Feb 19 2024 // Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are...
Markets/Coverages: WTW Launches Primary Cyber, Tech E&O Facility for Int’l Clients
Feb 12 2024 // Insurance broker WTW has launched a cyber solution aimed at international clients headquartered outside of Great Britain and the United States with revenues up to US$1 billion (or the equivalent currency). The...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding
Feb 9 2024 // San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re and Spark...
