Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurance Premiums from Insurtech to Exceed $400 Billion by 2023: Study
Aug 22 2018 // Insurance premiums generated by emerging insurtech services will exceed $400 billion by 2023, up from an estimated $187 billion in 2018, according to a new study from U.K.-based Juniper Research. The study found that while...
California Commissioner OKs State’s First Insurtech Title Insurer
Aug 21 2018 // California Insurance Commissioner Dave Jones has approved a license for States Title, the first insurtech title insurer licensed and domiciled in California. States Title Insurance Company of California will use...
11 Ways to Balance Technology with Personal Touch to Engage Customers
Aug 21 2018 // Technology does a lot but it can’t do everything. Sometimes insurance agents and other business people forget that. They become so dependent on email and social media that they lose sight of what people really need...
Extreme Weather Risk Grows as Warming Earth Disrupts High-Altitude Winds: Study
Aug 21 2018 // Scorching summer heatwaves and downpours are set to become more extreme in the northern hemisphere as global warming makes weather patterns linger longer in the same place, scientists said on Monday. They said there was a...
China’s Online Insurer ZhongAn to Get Investment from SoftBank for Overseas Growth
Aug 20 2018 // ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the...
Millennials in Insurance Talk Age and Tech Gaps, Insurance Being a ‘Well-Kept Secret’
Aug 20 2018 // What is the best part about working in insurance? For a group of millennials speaking with Insurance Journal at a July roundtable, the answer was simple. “The people,” roundtable participants agreed. At the...
101 Sales & Marketing Ideas for Agencies
Aug 20 2018 // 1. RTSP! Read the Stinkin’ Policy! Don’t guess about coverage. Your prospects and clients depend upon you and your knowledge. When in doubt…read the stinkin’ policy! Too often agents rely upon what...
Why Not Just Retrain Pedestrians to Make Self-Driving Vehicles Safer?
Aug 17 2018 // You’re crossing the street wrong. That is essentially the argument some self-driving car boosters have fallen back on in the months after the first pedestrian death attributed to an autonomous vehicle and amid...
New Florida Insurtech Agency HoneyQuote Looks to Shake-Up Agency Model
Aug 16 2018 // A new insurtech agency has entered the Florida homeowners market space with a rating engine offering quotes from multiple domestic carriers and the ability to purchase coverage in one transaction. HoneyQuote.com, launching...
Extraordinary Re’s Extraordinary Idea for Trading Insurance Risks Like Stocks
Aug 15 2018 // Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a...
How Agent and Carrier Relationships Are Changing in a Customer-Centric World
Aug 14 2018 // Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more product options and more...
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...
