Latest InsurTech Headlines

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

What the Next Generation of Insurance Consumers Wants

Feb 23 2022 // This post is part of a series sponsored by AgentSync.Did you know that in the next 3 years Millennials and Gen Z will comprise 75% of the workforce? That means by 2025 the majority of working individuals will have been...

People Moves: Insurtech BOXX Canada Hires Beazley’s Baker as President; Williams Takes Role of M.D., Hiscox Guernsey; AXA XL Names Wells U/W, Marine – UK & Lloyd’s

Feb 22 2022 // This edition of International People Moves details appointments at insurtech BOXX Insurance, Hiscox and AXA XL.A summary of these new hires follows here. Cyber Insurtech BOXX Canada Hires Beazley’s Baker as...

Chinese Authorities Tell Banks, State-Owned Firms to Report Exposure to Ma’s Ant Group

Feb 22 2022 // Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial exposure and other links to Ant Group Co., renewing scrutiny of billionaire Jack...

Brown & Brown Going Tech Route with Everbridge Early Warning Systems

Feb 22 2022 // Florida-based Brown & Brown, one of the largest independent insurance brokers in the U.S., this year will begin offering customers advance warning of weather, flooding, fire and other events, along with steps to take...

Insurtech Startup Slide Agrees to Take On Troubled St. Johns HO Business

Feb 18 2022 // Things are moving fast in Florida’s distressed property insurance market.Just days after St. Johns Insurance Co. announced it would stop writing new homeowner business in Florida, the Demotech rating agency withdrew...

Insurtech bolttech Buys Singapore-Based Specialist Broker AVA Insurance

Feb 16 2022 // bolttech has completed the acquisition of AVA Insurance Brokers and AVA Insurance Agency, a Singapore-based specialist broker and insurance intermediary. The acquisition follows bolttech’s completion of its US$247...

Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report

Feb 15 2022 // There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co.Activity was driven by a...

Insurer Beazley Partners With Insurtech Gaia to Offer Coverage for IVF Treatment

Feb 15 2022 // Lloyd’s insurer Beazley partners with insurtech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF) treatment.The health-focused insurtech has been working with Beazley and Chaucer...

UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments

Feb 14 2022 // Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding.The Series B...

Parametric Insurtech Startup FloodFlash Raises $15M for International Expansion

Feb 11 2022 // FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million.The round was led by Chicago-based Buoyant Ventures with San...

Greenlight Re Innovations Invests in Cargo Insurtech Startup Redkik

Feb 11 2022 // Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., has announced an investment in insurtech startup Redkik Inc., a cargo insurance administration and analytics platform.Cargo insurance policies have...

Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance

Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...

How Agents and Insurtechs Can Work Together

Feb 7 2022 // Independent insurance agents today are different. They’re not your parents’ agencies. Yes, they still provide insurance and build strong client relationships. But they’re also relying on technology more...

Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight

Feb 7 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...

All Additional Insureds Aren’t the Same

Feb 7 2022 // For at least the past couple of decades, it seems that in just about every contract, the upstream party wants to be an additional insured (AI) on the downstream party’s insurance. Most commonly, the request is for AI...

How Autonomous Car Companies Are Outrunning U.S. Regulators and Lawmakers

Feb 2 2022 // Self-driving vehicle companies from Tesla Inc. to General Motors Co.’s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of the road for...

Insurance Technology: C&F Pet Insurance Adds Health Tool; Frederick Mutual Adds Digital Document Protection

Feb 2 2022 // Petriage, a pet health technology company, has developed a veterinary platform it calls a “teletriage symptom analysis tool” that informs pet owners of the urgency of seeking care for their ailing dog or cat,...

5 Tech Tools for the Digital Insurance Professional: An Ebook

Feb 2 2022 // This post is part of a series sponsored by AgentSync.Having tech tools that make collaboration easy and efficient, and that reduce repetitive data entry on a team is important to us, so much so that we’ve put...

Chile Insurtech Startup Betterfly Plans Overseas Expansion After $125M Funding Round

Feb 1 2022 // Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion.The company is preparing to begin operations in seven new markets in 2022 — Mexico,...

Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines

Feb 1 2022 // Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million.Sayata CEO...