Latest InsurTech Headlines

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

Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising

Jul 16 2021 // N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with the matter.The firm,...

Update: India’s Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO

Jul 16 2021 // BENGALURU – Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval to raise up to 166 billion rupees ($2.23 billion) in one of the biggest stock market...

P/C Insurers Plan to Boost Their Use of Automation: Willis Towers Watson

Jul 15 2021 // Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s more, COVID-19 has been a major factor in the trend.The sector’s overall...

InsurTech NY Opens Applications for 2021 Cohort

Jul 7 2021 // InsurTech NY will be accepting applications for its growth-stage InsurTech accelerator. The application window will be open from July 7 to August 2 and applications will be accepted through the InsurTech NY website.The...

Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’

Jul 5 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, an expert at insurer Sompo Holdings...

South Korean Insurtech Carrot Doubles Capital with $90 Million Rights Offering

Jul 2 2021 // Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million), which equals its founding capital raised in 2019.The Seoul-based...

Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank

Jul 2 2021 // India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems which could pose a financial stability risk.In its semi-annual...

Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round

Jul 2 2021 // Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology.The company is raising $200 million from Sequoia...

Insurtech Startup bolttech Raises $180 Million, Valuing Firm at More Than $1B

Jul 1 2021 // Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion.The New York and Singapore-based...

Safety Regulator Wants Crashes of Cars with Advanced Tech Reported Within 1 Day

Jun 30 2021 // U.S. regulators on Tuesday said they would keep a closer eye on the automotive industry as it rolls out advanced driver safety systems, tracking the new technologies to spot potential defects faster.The National Highway...

Wall Street, Tech Firms Fear SEC Climate Disclosure Will Trigger Lawsuits

Jun 29 2021 // The U.S. Securities and Exchange Commission may make corporations reveal more about climate risks in key regulatory filings, a push that Wall Street and the biggest tech companies say will lead to a barrage of shareholder...

Indictment Says Tech Firm Official Stole Money, Ran Fraud Scheme

Jun 25 2021 // The chief operating officer of a Philadelphia-based technology startup company orchestrated a long-running securities offering fraud while simultaneously embezzling hundreds of thousands of dollars from the firm, according...

Insuring Cyber Podcast: How Insurtechs Are Helping Insurers Bridge the Digital Divide

Jun 23 2021 // Powered by InsuranceJournal.tvAs the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how insurtechs can step in and help insurers navigate the ever changing digital space....

Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’

Jun 23 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings...

InsureTech Connect Vegas 2021 is Back in Full Force

Jun 22 2021 // Waitlist for All Sponsorships and Exhibit Hall Space; Agenda Full; Price Increase June 26.NEW YORK, JUNE 21, 2021 – InsureTech Connect (ITC) has announced that its sales have been so robust for its October 2021 Vegas...

Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case.

Jun 18 2021 // The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s a message that Aon CEO Greg Case has been emphasizing since the $30 billion deal...

Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion

Jun 18 2021 // Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million.This latest funding round will accelerate Akur8’s...

Pennsylvania Launches Program to Support Innovation, New Insurance Products

Jun 17 2021 // The Pennsylvania Insurance Department (PID) has launched a new program that aims to encourage the insurance industry to deliver innovative insurance solutions and products.Keystone Smart Launch seeks to help reduce...

California OKs Farmers and Zesty.ai Wildfire Risk Assessments, Will Bring 30K New Homeowners Policies

Jun 16 2021 // California regulators have approved a plan by Farmers Insurance to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography.The carrier said the Z-Fire risk scoring...

USAA to Acquire Insurtech Noblr to Offer Its Members Usage-Based Auto Coverage

Jun 16 2021 // Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance.USAA, a Texas-based insurer focused on members of the U.S. military and their families, said the acquisition will help make...