Latest InsurTech Headlines

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

People Moves: Topa in California Names Torio Director of Tech, Resilience Names Reed EVP

Apr 28 2021 // Topa Insurance Co. has named Paul Torio director of technology.Torio is responsible for developing and delivering solutions across Topa’s technology infrastructure in support of business goals. He has worked at Topa...

How Tech Firms From Amazon to YouTube Ban Users for Off-Site Behavior

Apr 27 2021 // Earlier this month, Twitch announced it would start banning users for behavior away from its site.The move by Amazon Inc.’s live-streaming platform involved hiring a law firm to conduct investigations into...

Tech Firm Luminar, Planemaker Airbus Partner to Test Autonomous Flights

Apr 26 2021 // Luminar Technologies Inc. said on Monday it would partner with Airbus SE to test technologies which could increase aircraft safety and ultimately enable an autonomous flight with obstacle detection.The two companies will...

Insurance Technology: Bold Penguin and Thimble, Vertafore and Nationwide, eMaxx

Apr 22 2021 // Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx ….Insurtech Bold Penguin is making it easier for agents and small business customers to...

EU Announces Tough Draft Rules on Use of Artificial Intelligence

Apr 22 2021 // BRUSSELS – The European Commission on Wednesday announced tough draft rules on the use of artificial intelligence, including a ban on most surveillance, in an attempt to set global standards for a key technology...

Appalachian Underwriters Expands into Life Insurance Market with Fintech Ethos

Apr 21 2021 // Appalachian Underwriters, Inc. (AUI) has partnered with life insurance provider Ethos to offer the coverage via the fintech’s online platform.Agents can now quote customers’ life insurance without medical...

Tech Provider FintechOS Raises US$60M to Fuel Global Expansion

Apr 21 2021 // FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51 million) in Series B funding.The round was led by venture capital firm...

Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change

Apr 20 2021 // KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable...

Tech Firms Under More Scrutiny, Unhappy with D&O Insurance

Apr 19 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021.Insurance broker Marsh...

Lloyd’s Lab Picks 11 Insurtech Start-ups, Focused on Product Simplification, Climate

Apr 15 2021 // Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator program.These insurtechs will be focused on creating simpler products for...

EU Set to Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior

Apr 15 2021 // The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they...

Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters

Apr 13 2021 // Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will...

Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources

Apr 12 2021 // SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people...

Applied Analytics Isn’t Just for Insurers. Startups Help Claimants Get In On the Action.

Apr 9 2021 // Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long...

Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions

Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro.London-based Hiro has developed a home insurance product that...

Indian Insurtech Policybazaar Plans Mumbai IPO

Apr 7 2021 // Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to people familiar with the...

UK Insurtech Zego Launches Flexible Cover for Food, Grocery Delivery Businesses

Apr 5 2021 // Zego, the London-based insurtech and commercial motor insurance provider, has launched two new flexible insurance products for moped and e-bike fleets in the UK.The new products, developed in partnership with Wakam, enable...

BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble

Apr 5 2021 // See a need and then fill it. That’s the secret of most successful businesses — and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...

Tech Firms Under More Scrutiny and Unhappy with Their D&O Insurance

Mar 31 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021.Insurance broker Marsh...

Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform

Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds.Also, a new platform for offering management liability insurance to small...