Latest InsurTech Headlines

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

Chubb CEO Greenberg Says Some Insurtechs Are More About Hype Than Transformation

Oct 11 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...

NC Lawmakers Approve ‘Sandbox’ to Waive Regs, Spur Insuretech Innovation

Oct 11 2021 // North Carolina lawmakers hope a bill that creates a “regulatory sandbox” will spur innovation in the insurance and financial sectors in the state, particularly in the use of blockchain technology.The North...

Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses

Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...

German Insurtech Getsafe Raises Another $63M for Full Insurance License

Oct 8 2021 // Getsafe, a digital MGA based in Germany, raised another $63 million in funds, with plans to use the added cash to fund its own insurance license by the end of 2021 and accelerate its European expansion.A number of new...

Insurate, Workers’ Compensation Insurtech, Secures $4.5M Investment

Oct 6 2021 // Omaha-based Insurate, a data science-based provider of workers’ compensation, announced a $4.5 million seed round led by HSCM Ventures, the venture capital arm of Hudson Structured Capital Management Ltd.Joining the...

InsurTech NY Announces Launch of Insurance Collaboration Index

Oct 5 2021 // InsurTech NY, a resource for the InsurTech community in the New York metro area, announced the launch of its Insurance Collaboration Index.Based on input from InsurTech executives, the index scores insurance and...

Securitization Startup Platform Ledger Launches a Casualty ILS Fund

Oct 5 2021 // Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd., an insurance linked security (ILS) fund focused primarily on investing in...

New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round

Oct 4 2021 // New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team,...

JZZ Tech Acquires Florida-Based Beacon Insurance Solutions

Oct 1 2021 // JZZ Technologies Inc. has acquired Florida-based Beacon Insurance Solutions, part of its continuing effort to reach the senior adult market with insurance and other services, the companies announced. “Following this...

Construction Fintech Built Nabs $1.5B Valuation; Growth Plans Include Insurance

Sep 30 2021 // Built Technologies, a construction industry-focused financial-technology startup, has more than tripled its valuation to $1.5 billion after raising $125 million in an equity funding round led by TCV.Brookfield Technology...

Connected Motor Insurtech Ticker and Abacai Partner to Raise Capacity, Expand Offering

Sep 29 2021 // UK connected motor insurtech Ticker and Abacai Group have partnered to increase Ticker’s capacity and introduce new levels of pricing sophistication, bringing connected insurance to a much wider market.Founded in...

Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion

Sep 28 2021 // Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings...

OIP Robotics and HyperScience announce partnership to bring data extraction to their automation portfolio

Sep 28 2021 // SCOTTSDALE, AZ, Sept. 28, 2021 — OIP Robotics, an Outsource Insurance Professionals entity, announced its partnership with HyperScience, bringing unmatched data extraction capabilities to their automation...

Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage

Sep 27 2021 // Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder...

Innovation in Workers’ Compensation: Getting Ahead of Risk and Injury

Sep 27 2021 // This post is part of a series sponsored by The Hanover Insurance Group.Workers’ compensation claims can significantly impact a business’s productivity and bottom line. Out-of-work employees cause company...

People Moves: Beazley Promotes Turk to Head of Strategy; Everest Hires Chubb’s McBride as Head of Claims; Pen Names Hiscox’s Dixon as Head of Tech

Sep 22 2021 // This edition of International People Moves details promotions and appointments at three insurers: Beazley, Everest Insurance and MGA Pen Underwriting.A summary of these new hires follows here. Beazley Promotes Turk as...

Broker/Fintech Provider Acrisure Buys New York-Based Tempo Title

Sep 22 2021 // Acrisure, the global insurance broker and fintech services provider, announced it has entered the real estate services business through its acquisition of Tempo Title, one of the largest private title insurance and...

Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI

Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...

Cyber Insurtech BOXX Raises US$10M From Zurich Insurance and 2 Other Investors

Sep 22 2021 // BOXX, the Toronto-based cyber insurer for small businesses, individuals and families, announced it has closed its oversubscribed US$10 million (C$12.7 million) Series A-round in a bid to accelerate growth and expand its...

Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response

Sep 21 2021 // Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of...