InsurTech News

Drone Segment Will be Biggest Growth in Aviation Insurance in 50 Years, Experts Say

Now’s the time to get in on the ground floor of the business of insuring drones. That’s according to panel of experts speaking recently in a drone insurance webinar hosted by Insurance Journal. The consensus from the panelists was that …

Zurich, Insurtech Startup CoverWallet Offer End-to-End Insurance for SMEs

Zurich Insurance has launched ZurichEmpresas.es, a new digital distribution channel, which initially will provide insurance solutions for small-and-medium-sized enterprises (SMEs) in Spain. The platform, powered by CoverWallet, will provide end-to-end insurance solutions, streamlining the entire process for business owners and …

Clearcover Insurtech Announces California Launch

Clearcover, a data-driven auto insurtech startup, announced the California launch of its platform today and that it is officially selling car insurance policies to residents in the state. The Chicago, Ill-based firm is promising that “consumers can save hundreds of …

Tech Company Roost Forms Insurer Partnerships for Home Telematics Pilot

Roost, a provider of home telematics for property insurance carriers, has partnered with Erie Insurance to test customer engagement with its Roost Smart Water Leak and Freeze Detector device in order to prevent water damage claims. The Roost Smart Water …

First-Hand Knowledge of Industry’s Problems Led to Idea for InsurePal’s Social Proofing

After spending 15-plus years in and around the insurance industry, Matt Peterman and Tom Volk had first-hand experience of the industry’s systemic problems with fraud and rising premiums.¬†They decided to do something about it, developing what they think will be …

Distributed Social Proof Insurance: The Next Industry Game-Changer?

InsurTech startup InsurePal is developing an insurance platform that aims to revolutionize the industry’s model for risk selection and fraud prevention by “social proofing” insurance products. With a pilot for motor insurance due to be launched in the UK within …

Digital Commercial Insurance Broker Platform Indio Raises $6 Million

Indio Technologies, a digitized commercial insurance platform for agents and brokers, said it has raised $6 million in Series A financing, led by 8VC, to expand the capabilities of Indio’s digital platform and increase market share. Additional investors in the …

Technology Partnerships Key to Insurance Industry’s Exit from `Stone Age:’ Aviva CEO

The insurance industry is “generally in the stone age,” and partnerships with technology companies are the way forward, according to Aviva Plc’s chief executive officer. His company, the U.K.’s second-largest insurer, is working with Tesla on how to insure driverless …

Incumbent Re/Insurers Drive Insurtech Investments in Q4 2017: Willis Towers Watson

Re/insurance industry incumbents are fueling investments in insurtech startups, sending a clear message to potential disruptive outsiders, according to a report published by Willis Towers Watson, which detailed 2017 trends in the insurtech sector. “Re/insurers, directly and through corporate venture …

Insurtech Slice Wants to Rent Its On-Demand Platform to Others to Launch Products

Slice Labs, the developer of on-demand, pay-per-use insurance for homeshare companies and others, has started offering use of the platform it created to outside insurers and startups seeking to launch new products. Slice co-founder and CEO Tim Attia told Carrier …