Latest InsurTech Headlines

All the headlines from our InsurTech Topic Page, ordered by recency.

UK Stands to Lose 8 Million Jobs From AI, Analysis Warns

Mar 27 2024 // As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned.AI already impacts 11% of tasks done by UK staff,...

SEC Ramps Up Massive-Hack Probe With Focus on Tech, Telecom Companies

Mar 27 2024 // The US Securities and Exchange Commission is asking tech and telecom companies how they handled the sprawling 2020 SolarWinds cyberattack, and drawing fire from the cybersecurity industry and big business for what they...

North Korean Hackers Stalk Crypto Startups Scrimping on Security

Mar 25 2024 // It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out of nowhere, dismantling cyber defenses and making off with millions of...

Apple Antitrust Suit Mirrors Strategy That Beat Microsoft, but Tech Industry Has Changed

Mar 22 2024 // The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing...

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...

SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’

Mar 21 2024 // The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.”The firms, Delphia Inc. and Global Predictions Inc, will pay a total of...

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...

Central Bankers Use AI to Assess Climate-Related Risks

Mar 19 2024 // Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies...

3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety

Mar 18 2024 // Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of...

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...

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...

Nvidia Is Sued by Authors Over AI Use of Copyrighted Works

Mar 12 2024 // Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform.Brian Keene, Abdi Nazemian and Stewart O’Nan...

Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video

Mar 11 2024 // Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts.The regulator, known as Garante, asked...

States Scramble to Catch Up on Oversight as AI Pervades Everyday Life

Mar 11 2024 // While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job resumes, rental apartment applications, and even determining medical care in...

The National Alliance Launches Allibot: A NEW Artificial Intelligence Learning Tool for HS Students Earning the CISR Designation

Mar 11 2024 // AUSTIN, TX., March 11, 2024 — The National Alliance for Insurance Education & Research, a leader in risk management and insurance education, announces the release of Allibot, an advanced Artificial Intelligence...

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...

AI Firms Face Growing List of Lawsuits. Here’s What to Watch

Mar 4 2024 // Artificial intelligence firms are facing increasing pressure from some of the world’s most formidable names in technology and media, as new tools spark fresh questions over the risks posed by chatbots that threaten...

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...