Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
ICW Group in California Names Hartline Vice President of Information Technology
May 28 2019 // ICW Group Insurance Cos. has named Todd Hartline vice president of information technology. Hartline, who will lead the company’s IT function, will be based in the ICW Group corporate headquarters in San Diego and...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources
May 28 2019 // Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New...
State Auto Innovation Unit: $25M; 5 Insurtechs; 18 Months
May 24 2019 // State Auto Labs, the innovation arm of the State Automobile Mutual Insurance Co., says in the 18 months after launching its $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month
May 21 2019 // Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show — with 50 workers and visions of serving...
Billionaire Paying Off College Students’ $40 Million Debt Has Ties to Insurance Industry
May 20 2019 // The billionaire technology investor and philanthropist who has promised to assume the $40 million student debt of the entire graduating class at Morehouse College has ties to the insurance industry. Robert F. Smith, who...
Florida InsurTech HoneyQuote to Offer Technology Platform to Business Partners
May 20 2019 // Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program,...
Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines and Globally
May 20 2019 // Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand...
Connecting the Dots in Agency Technology
May 20 2019 // To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
Change Is Coming: It’s Time to Be a Creator, Not a Reactor
May 20 2019 // One of our responsibilities as insurance professionals is to lead change. Yes, however reluctant, everyone in the independent agent insurance business is 100% responsible for creating change. If we sit back waiting for...
Emphasizing Empathy During Technological Transformations
May 20 2019 // The insurance industry is undergoing a technological transformation. Insurers are moving data to the cloud, using artificial intelligence and beginning to prepare for a potential blockchain economy. Products and services...
Senators Urge Allies to Heed Trump’s Warning on China’s Huawei
May 17 2019 // U.S. senators warned allies that Chinese telecommunications companies such as Huawei Technologies Co. can’t meet security standards for advanced networks due in part to Chinese law that demands cooperation with...
U.S. Blacklisting of China’s Huawei to Disrupt Global Technology Supply Chain
May 16 2019 // The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of...
U.S. to Consider Opening Unused Spectrum Band for ‘Talking’ Vehicles
May 15 2019 // The U.S. Federal Communications Commission plans to vote in June on launching a new review of a key spectrum band reserved for automakers that could boost Wi-Fi use, a person briefed on the matter said on Tuesday. In 1999,...
Brazil’s Vale to Invest $2.5B in Technology to Prevent Mining Dam Disasters: Reuters
May 10 2019 // Brazil’s Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that removes the need for tailings dams, the waste facilities responsible for two deadly mining disasters in...
Insurtech Investments Break New Records in Q1
May 10 2019 // Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months...
Insurance Agency Management System Tech Firm Veruna Raises $6 Million
May 6 2019 // Veruna, a Massachusetts-based insurance technology developer of an agency management system built on the Salesforce platform, said it completed a $6 million Series A funding round. Founded in 2015, Veruna offers a...
A Case for Updated Insurance Licensing Exemption Regulations
May 6 2019 // Harken back to 2002 — a time when iPhones, Android phones, even Blackberries, had yet to be introduced. Facebook, Twitter and YouTube were years away from their debuts, and streaming content on Netflix was still a...
Canadian Banks, Insurers Tap Blockchain Technology to Verify Client Identities
May 2 2019 // Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. SecureKey Technologies...
Insurtech Agency Nsure Launches Personal Lines Platform in Florida
May 2 2019 // Nsure, an all-digital licensed insurance agency based in Florida, has introduced technology to provide real-time quote comparisons for home and auto insurance through a digital platform that allows customers to purchase...
WTW Names Richardson UK & Ireland Leader, Insurance Consulting & Technology Unit
May 1 2019 // Willis Towers Watson announced that Tammy Richardson will take on the role of UK and Ireland leader for life and property & casualty in the company’s Insurance Consulting and Technology business. Richardson most...
