Latest InsurTech Headlines

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

WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer

Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland).A summary of these new hires follows here Chaucer...

Berkshire Hathaway, Other Foreign Firms to See Payoffs From India’s Fintech Revolution

Nov 2 2021 // China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing...

Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts

Nov 2 2021 // Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by...

Searching for Realistic Ideas That Could Help Tame Big Tech

Nov 2 2021 // Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry?Those ideas...

Aquiline Capital Partners to Acquire Majority Stake in UK Insurtech Ripe Thinking

Nov 1 2021 // Ripe Thinking Ltd., a UK-based digital underwriting and insurance distribution platform, is pleased to announce that it has entered into a definitive agreement for Aquiline Capital Partners LLC to acquire a majority stake...

SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate

Oct 29 2021 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and distribution advisory firm.As part of the transaction,...

Ohio Insurtech Coterie Insurance Raises $50M

Oct 29 2021 // Cincinnati, Ohio-based insurtech company Coterie Insurance, which specializes in commercial insurance, has completed a $50 million series Series B financing round, totaling $75 million raised since its founding in...

Big Tech Data Centers Generate Concern Over Scarce Western Water

Oct 27 2021 // Conflicts over water are as old as history itself, but the massive Google data centers on the edge of this Oregon town on the Columbia River represent an emerging 21st century concern.Now a critical part of modern...

Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises

Oct 27 2021 // While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused on a relatively few startups.For example, in the second quarter, more than two-thirds of...

Fintech Paytm Gets Regulatory Nod for India’s Biggest Ever IPO: Source

Oct 22 2021 // NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the...

Guy Carpenter Launches Global Insurtech Center of Excellence

Oct 22 2021 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance...

Insurance Technology: Guidewire Guides Insurers to Insurtechs; Rhino, Cover Genius Offer Embedded Renters Insurance

Oct 22 2021 // Guidewire Guides Insurers to InsurtechsGuidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program...

Insurance Technology: Catalyit; CyberCube; Tremor; TransUnion and e2Value

Oct 21 2021 // Anderson, Catalyit Offer Technology Resource for AgentsHeaded by agency technology consultant Steve Anderson, Catalyit has assembled a team of insurance industry tech experts to launch a new technology resource for...

Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger

Oct 18 2021 // For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where...

Chubb CEO Greenberg Says Some Insurtechs Are More Hype Than Transformation

Oct 18 2021 // Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of insurtech entrepreneurs, Chubb CEO Evan Greenberg was having none of...

Mining the Hidden Treasure of Your Insurtech Investment

Oct 18 2021 // Your agency may have a treasure trove of untapped potential with your unused insurance software. The good news is you can unlock that potential for more value for free, it just takes spending some time to remember why your...

Insurtech Veteran Launches Online Directory to Connect P/C Agents with Technologies

Oct 14 2021 // A veteran agency insurtech advocate has launched an online directory for property/casualty insurance agents to categorize, compare and connect them with technology companies that support the agency distribution channel.In...

Toronto Cyber Insurtech Boxx Expands to U.S., Names Itriago as President

Oct 14 2021 // Right after closing its Series A financing round, Boxx Insurance Inc. announced its expansion to the U.S. and its appointment of Hilario Itriago as Boxx USA president.The digital managing general agency promises that its...

Munich Re’s Venture Arm Raises $500M for Fund Focused on Insurtech, Cybersecurity

Oct 13 2021 // Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on insurtech and cybersecurity.The new financing arm, dubbed Munich Re Fund II,...

Pentagon Ex-Software Chief Claims China Has Already Won AI Battle

Oct 12 2021 // China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial...