Latest InsurTech Headlines

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

UK Insurtech Azur Group Sells Tech Services Unit to Senior Managers, Creating New Firm

Mar 8 2023 // Azur Group, the UK-based insurtech, has agreed to sell its technology services business to its senior managers, backed by prominent angel investors. The new company will be called Azur Technology and will focus on the...

The Proof is in the (Expired) Pudding: 7 Ways Legacy Insurance Technology May Be Holding you Back

Mar 8 2023 // This post is part of a series sponsored by AgentSync. The Southwest Airlines catastrophe that rounded out 2022 may have been a nightmare for everyone involved, but there was one positive that came out of it. The debacle...

Spying, AI and Hacking, Oh My… 7 Agent Technology Trends to Watch in 2023

Mar 6 2023 // Technology is a double-edged sword that can drive fear as much as excitement for the future. Game-changing tech, though, allows us to make our imaginations a reality. Let’s take a spin down Future Lane to see what...

Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus

Feb 28 2023 // This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance industry’s startups and innovators.Trium Cyber is the...

Eighth Innovation-in-Insurance Awards Now Open for Submissions

Feb 23 2023 // Qorus and Accenture have launched the eighth Innovation in Insurance Awards, inviting insurers and insurtechs to submit their entries in a global competition that celebrates innovation that is transforming the industry.The...

California Wildfire Innovation Fund Getting $25M Boost

Feb 23 2023 // A California fund to encourage wildfire innovation and lower the severity and frequency of catastrophic wildfire is getting a $25 million boost.Walnut Creek, Calif.-based CSAA Insurance Group made a $25 million commitment...

Marketing Data Can Reduce AI Bias in the Insurance Industry

Feb 20 2023 // Just a decade ago, the idea that artificial intelligence (AI) might play a role in everyday insurance practices may have sounded far-fetched. As a legacy industry with longstanding ways of doing things, many insurers kept...

Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth

Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...

Indian Insurtech Startup InsuranceDekho Raises $150 Million to Grow SME Business

Feb 14 2023 // Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will help it target an under-served domestic market.TVS...

In Insurance Technology, A Little User Empathy Goes a Long Way

Feb 8 2023 // This post is part of a series sponsored by Insurance Quantified.Technologists have the challenging job of providing their companies with holistic technology and data strategies that satisfy needs today while accounting for...

Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official

Feb 8 2023 // A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday.Data-rich...

Zurich Insurance Leads Series B Fundraise for Cyber Insurtech BOXX Insurance

Feb 7 2023 // BOXX Insurance, the Toronto-headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, led by Zurich Insurance Co. Ltd.This latest funding round brings the total...

Getty Images Lawsuit Says Stability AI Misused Photos to Train AI

Feb 7 2023 // Stock photo provider Getty Images has sued artificial intelligence company Stability AI Inc, accusing it in a lawsuit made public on Monday of misusing more than 12 million Getty photos to train its Stable Diffusion AI...

Tech Trends Unpacked at Insurtech Summit

Feb 6 2023 // A new event recently brought insurtech experts together to explore trends and share tips.On Jan. 20, industry groundbreakers, forward-thinking agents and other digital thought leaders in the independent agency space...

AI Tools Can Create New Images, but Who Is the Real Artist?

Feb 6 2023 // Countless artists have taken inspiration from “The Starry Night” since Vincent Van Gogh painted the swirling scene in 1889.Now artificial intelligence systems are doing the same, training themselves on a vast...

Workers Comp Insurtech Pie Transitions to Full-Stack Carrier

Feb 3 2023 // Small-business workers compensation provider Pie Insurance has completed its transition to a full-stack carrier.Effective Jan. 1, the company said it acquired nationally licensed insurance company The American Insurance...

Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach

Feb 3 2023 // A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach one month after a federal judge denied the insurer’s bid to have the claim dismissed.The...

U.S. and EU to Launch First-of-its-Kind AI Agreement

Jan 30 2023 // The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric...

People Moves: Insurtech Send Expands With Riley in Marketing; NFP Hires Smith for Employee Benefits

Jan 27 2023 // Insurtech Send Announces Senior Hire for North American ExpansionInsurtech Send Technology Solutions Ltd. has appointed New York-based Charlie Riley as vice president of marketing, North America, following a $10 million...

Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks

Jan 26 2023 // Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders...