Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Investments in Insurtechs Rose in Q4 2018; Cyber Becomes a Focus
Feb 26 2019 // Sixty-three insurtech deals with a total value of $1.59 billion were announced worldwide in the fourth quarter of 2018. The number of deals was up 24 percent while the value jumped 155 percent over Q4 2017. The total,...
Agents, Brokers and the Future of Insurance Distribution
Feb 26 2019 // A funny thing is happening on the way to the future. As consumers’ and carriers’ behaviors, attitudes and expectations have been changing, independent agents are evolving to better serve both customers and...
Ping An Insurance Readies $8 Billion IPO of Fintech OneConnect
Feb 25 2019 // Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could value the financial management portal at about $8 billion,...
How to Get Autonomous Cars to Pull Over for Police
Feb 25 2019 // It was still dark on a Friday morning in November when a California Highway Patrol officer started following a Tesla Model S on Route 101 between the San Francisco International Airport and Palo Alto. The gray sedan was...
Lotter Joins Policy Administration Systems Provider, Instec, in Illinois
Feb 21 2019 // Naperville, Illinois-based Instec, a provider of policy administration systems to insurance program and specialty markets, has hired CJ Lotter as senior solution architect. He joins Instec’s engagement management...
Insurtechs Neptune, Hippo Unite Home, Flood Insurance Online for Speedy Purchasing
Feb 21 2019 // Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance. Hippo promises quick processing and...
Insurtech Trov Now Selling in 7 Additional States and D.C.
Feb 21 2019 // Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan,...
Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund
Feb 20 2019 // European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a...
How Pricing Insurance for Cars of Future Could Bring Insurers, Carmakers Together
Feb 19 2019 // Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would...
Eating an Elephant: Tales from 9 Agency Start-Ups
Feb 18 2019 // What motivates people to take a risk in an industry dedicated to managing risk? New independent agencies are born of various circumstances. Sometimes it’s about seizing an opportunity that comes along; other times,...
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
Look Who Is Betting on the Agency System
Feb 15 2019 // According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting...
Mayor Establishes D.C. Financial Services Regulatory Sandbox, Innovation Council
Feb 14 2019 // District of Columbia Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council. The council is charged with studying and reporting on the feasibility of...
MS Amlin Launches Comprehensive All-Risks Policy for UK Tech Sector
Feb 14 2019 // MS Amlin, the specialist global re/insurer, has launched a comprehensive all-risks policy designed for the technology sector in the UK, which is called Technology Combined. The product provides companies with cover against...
Traffic Fatalities Again Top 40,000; Few Cars on Roads Have Latest Technology
Feb 13 2019 // Traffic fatalities on U.S. roads reached an estimated 40,000 in 2018, the third year in a row in which at least that many people died in vehicle crashes, according to new figures from the National Safety Council. The 2018...
Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs
Feb 13 2019 // Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range...
InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day
Feb 13 2019 // Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics...
Nationwide Invests in Core Systems Insurtech Start-Up Socotra
Feb 13 2019 // Nationwide’s latest venture capital investment is in a core technology start-up that promises to help insurers create new insurance products and get them to market faster and integrate more easily with future...
World’s Automakers Face Massive Disruption from Car Sharing Phenomenon
Feb 11 2019 // When Evgeny Barkov owned a car, the 31-year-old software salesman would often look out of his Moscow window at it with disgust. His possession sat unused more than 90 percent of time, while sucking up money and causing him...
Hartford InsurTech Hub Welcomes 2019 Cohort of Startups
Feb 8 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has welcomed its 2019 cohort of startups to Hartford, Conn. The chosen startups cover a range of abilities, from property insurance claims to peer-to-peer insurance (P2P)...
