Latest InsurTech Headlines

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

AI-Powered Claims Specialist omni:us Closes €12M Financing Round

Nov 15 2022 // omni:us, the Berlin-based provider of artificial intelligence-powered insurance claims automation, has closed its €12 million ($12.4 million) Series A+ expansion financing round with W&W subsidiary Württembergische...

AI Algorithms, Strict Place-of-Work Rules Potential Trouble Spots for Employment Claims

Nov 15 2022 // SAN DIEGO — Technological innovations and changing work arrangements brought on by the COVID-19 pandemic are among some of the emerging issues that can make employers vulnerable to discrimination lawsuits, a top...

Tech Update: Risk Solved and expert.ai Offer Language-to-Data Solution for Insurers; Zurich Insurance Launches Global API Marketplace

Nov 10 2022 // Risk Solved and expert.ai Offer for Language-to-Data Solution for InsurersRisk Solved Ltd, a global risk management platform provider, and expert.ai, an artificial intelligence (AI) specialist in natural language...

Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech

Nov 7 2022 // Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market.The Karachi-based company took...

Tech Update: Canopius to Launch Tech and Data Hub in UK

Nov 3 2022 // Canopius Group, the London-based global specialty re/insurer, announced the launch of the “Canopius Tech & Data Hub” in Manchester, UK.The Hub, which will begin operating early next year, will ensure that...

New York Innovation Lab Is Now Accepting Applications

Oct 28 2022 // The FinTech Innovation Lab New York, a 12-week program to helps early- and growth-stage financial technology companies through collaboration with financial services and venture capital firms, is now accepting...

Tennessee Tech Develops Low-cost Sensors to Help Detect Flooding

Oct 24 2022 // Extreme rainfall events, and the dangerous floods that follow them, are happening more often in Tennessee. This risk grows as the climate warms.To respond to this risk, climate scientists, engineers and emergency mangers...

People Moves: SCOR Taps AXA XL’s Guest as Head of Crisis Mgmt; Former Beazley Exec Beattie Joins CFC as Head of Innovation; Allianz Trade Appoints New CEO

Oct 21 2022 // This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade.A summary of these new hires follows here. SCOR Taps AXA XL’s Guest as Head of Crisis ManagementSCOR...

Hackers Targeting Tech Supply Chains Spur Security Startup Boom

Oct 19 2022 // Cyberattacks on the digital supply chain have become increasingly common, as hackers seek out weak links among makers of computer code and equipment to breach organizations that depend on the technologies.In 2020, for...

Identifying the Right Talent for Your Insurtech

Oct 17 2022 // Insurtechs are continuing to disrupt the insurance industry, while pushing traditional insurers to focus on modernization initiatives and how they can best leverage the capabilities of data and analytics. While global...

Google Faces EU Antitrust Charges Over its Ad-Tech Business

Oct 13 2022 // Alphabet unit Google could face antitrust charges next year over its digital advertising business, with EU regulators frustrated over the slow pace of settlement talks with the company, people familiar with the matter said...

The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency

Oct 13 2022 // With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...

People Moves: O’Leary Named CEO RSA Luxembourg; Northcourt Appoints Pool Re’s Butler as Nuclear Industry Adviser; Aon Taps WTW’s Dell’Aglio for Strategy & Tech Unit

Oct 12 2022 // This edition of International People Moves details appointments at RSA Luxembourg; Northcourt (the MGA and underwriter of nuclear risks), and Aon.A summary of these new hires follows here. O’Leary Named CEO of RSA...

CFC Launches Innovation Hub in London

Oct 6 2022 // CFC, the specialist managing general agent, announced the launch of a dedicated Innovation Hub.Located in new premises on Whittington Avenue in the City of London, CFC’s Innovation Hub will act as CFC’s...

Real-Time Tech: Supply Chain Analysis Tools

Oct 6 2022 // Transparency is the key to managing supply chain risk. But some businesses only focus on selective financial information from their suppliers, which can leave them exposed. Beyond creditworthiness, there are many...

Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API

Oct 4 2022 // Mosaic adds excess technology E&O coverage to cyber product offeringMosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies...

Insurtech Lemonade Launches in UK

Oct 3 2022 // Lemonade, the New York City-based insurtech that is powered by artificial intelligence, has launched in the United Kingdom, following previous international moves in France, Germany, and the Netherlands.Founded in 2015,...

Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance

Sep 30 2022 // Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most...

EU Draft Rules Would Make It Easier to Sue Drone Makers, AI Systems

Sep 28 2022 // Individuals and companies that suffer harm from drones, robots and other products or services equipped with artificial intelligence software will find it easier to sue for compensation under EU draft rules seen by...

Pie Insurance Raises $315M in Largest U.S. Insurtech Financing Round of 2022

Sep 21 2022 // Pie Insurance, an insurtech specializing in workers compensation insurance for small businesses, said it raised a $315 million Series D round of funding – the largest round of financing for any U.S. based P&C...