Latest InsurTech Headlines

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

Car Makers Like Some Tech Features More Than Car Buyers Do

Dec 29 2021 // While car buyers say new vehicle technology is a leading reason they choose one vehicle over another, there are some tech features that they would just as soon do without.“New-vehicle prices are at an all-time high,...

Machine Learning Improves Lightning Prediction, Leading to Insight on a Key Wildfire Spark

Dec 29 2021 // Lightning’s destructive potential was showcased in 2020 when it sparked the massive California Lightning Complex fires, but it remains hard to predict.According to a new study led by the University of Washington,...

Firms Want U.S. to Support EU Proposals to Rein In Big Tech Platforms

Dec 29 2021 // Critics of tech giants like Alphabet’s Google pressed Commerce Secretary Gina Raimondo for a January meeting after she expressed concern about proposed legislation in Europe aimed at reining in the U.S....

New Kid on Block Will Use Tech, Rapid Repair Networks to Survive Florida Market

Dec 21 2021 // When the Florida insurance world heard that a newly formed homeowners’ insurance carrier was stepping into the troubled Florida waters, reactions ranged from cynical to apoplectic.Few people have given the new...

UK Brokerage Insurtech Eyes U.S. Expansion After $7.9M Capital Raise

Dec 20 2021 // A commercial insurance brokerage technology company that is up and running in the UK is targeting the U.S. after raising more than $7.9 million in a Series A funding round.Broker Insights, which is based in Scotland,...

Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd.

Dec 20 2021 // Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by its independent managing general agent incubator subsidiary, Pro...

Zurich Insurance to Acquire Conversational AI Company AlphaChat

Dec 16 2021 // Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital...

Artful Mosaic Insurance Creates Global Agility for Specialty Startup

Dec 16 2021 // Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the stability of a...

Insurance Technology: SiriusPoint Invests in LuckyTruck; Hiscox Offers Real-Time Quotes With RMS Location API; ActZero Security Adds Cyber Coverage From Measured

Dec 15 2021 // Global specialty insurer SiriusPoint said it is investing in LuckyTruck Corp., a digital broker and aggregator specializing in commercial trucking insurance. The two did not disclose the investment amount.LuckyTruck vows...

California Halts Pony.Ai’s Driverless Testing Permit After Accident

Dec 14 2021 // A California regulator on Monday said it has suspended a driverless testing permit for startup technology firm Pony.ai following an accident – the first time it has issued such a suspension.On Oct. 28, a Pony.ai...

Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity

Dec 13 2021 // Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs.The captive, domiciled in Hawaii, will provide capacity in addition...

Maryland’s Oriole Park to Test Artificial Intelligence Security Product

Dec 13 2021 // Oriole Park at Camden Yards will test a new security technology during the upcoming baseball season that uses 3D imaging and artificial intelligence to detect concealed weapons.The Maryland Stadium Authority announced...

How Big Tech Is Faring in U.S. Lawsuits and Probes

Dec 8 2021 // Big Tech platforms Meta Platforms Inc, formerly known as Facebook, and Google have been hit with a series of antitrust lawsuits by the U.S. federal government and states on charges they are operating monopolies and abusing...

AGCS, Insurtech Visicover Launch Marine Insurance Service for UK Leisure Vessel Owners

Dec 7 2021 // Allianz Global Corporate & Specialty (AGCS), Allianz’ entity for large-scale corporate and specialty risks, announced the launch of an online marine insurance service designed for UK leisure vessel owners in...

People Moves: Aon Makes Slyfield in California Chief Innovation Officer; Alliant Names O’Malley First Vice President

Dec 3 2021 // Aon plc named Jillian Slyfield as the firm’s chief innovation officer.Slyfield, who is based in San Francisco, California, will report to Aon CEO Greg Case and join the Aon executive committee. Slyfield assumes the...

Chubb and Chile Insurtech Betterfly Form Partnership for LatAm Offering

Dec 2 2021 // Chubb Ltd. is joining with insurance-tech startup Betterfly for offerings in Mexico, Colombia, Ecuador, Chile and Argentina as the companies seek to tap into under-served Latin American markets.The partnership will focus...

Insurance Technology: Chubb Enhances Cyber; Sompo Teams with Praedicat; Willis, CodeEast Eye Product; FMl Adds Home Help

Dec 1 2021 // Chubb Enhances Cyber Risk Service OfferingsChubb has expanded its cyber risk service offerings to further support all commercial clients in reducing exposures and mitigating potential losses. Russ Cohen, vice president,...

New York City Aims to Be First to Rein in AI Hiring Tools

Nov 24 2021 // Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making...

Insurtech Startup Kettle Raises $25M to Expand Wildfire Reinsurance Protection

Nov 24 2021 // Kettle, the San Francisco-based reinsurance startup that uses artificial intelligence to better protect people from the growing wildfire risks of climate change, announced it has been reinsuring homes during the 2021...

IncubEx, Led by Industry Veteran Eckert, Buys UK Insurtech Platform Insurwave

Nov 24 2021 // IncubEx Inc., a Chicago-based company that is chaired by industry veteran Neil Eckert and designs and develops new financial products in global environmental, climate risk and related commodity markets, announced the...