Latest InsurTech Headlines

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

AI Tools Can Create New Images, but Who Is the Real Artist?

Feb 6 2023 // Countless artists have taken inspiration from “The Starry Night” since Vincent Van Gogh painted the swirling scene in 1889.Now artificial intelligence systems are doing the same, training themselves on a vast...

Workers Comp Insurtech Pie Transitions to Full-Stack Carrier

Feb 3 2023 // Small-business workers compensation provider Pie Insurance has completed its transition to a full-stack carrier.Effective Jan. 1, the company said it acquired nationally licensed insurance company The American Insurance...

Insurer, Tech Services Firm Settle Claim for Business Lost While Helping Clients Recover From Breach

Feb 3 2023 // A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach one month after a federal judge denied the insurer’s bid to have the claim dismissed.The...

U.S. and EU to Launch First-of-its-Kind AI Agreement

Jan 30 2023 // The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric...

People Moves: Insurtech Send Expands With Riley in Marketing; NFP Hires Smith for Employee Benefits

Jan 27 2023 // Insurtech Send Announces Senior Hire for North American ExpansionInsurtech Send Technology Solutions Ltd. has appointed New York-based Charlie Riley as vice president of marketing, North America, following a $10 million...

Climate Tech Startup Aims to Narrow Insurance Protection Gap for Flood Risks

Jan 26 2023 // Flooding is the most common weather hazard globally and 83% of the damage it causes isn’t covered by insurance. A startup technology company on Thursday launched a new global flood-risk data service that its founders...

Markets/Coverages: kWh Analytics, Aspen Partner on Property for Renewables; Hub Starts People & Tech Consulting; DUAL New Fine Art Program

Jan 25 2023 // kWh Analytics, Aspen Partner on Property Insurance for RenewableskWh Analytics, a leader in climate insurance, announced the launch of property insurance for renewable energy assets with capacity partner Aspen Insurance....

US Targets Google’s Online Ad Business Monopoly in Latest Big Tech Lawsuit

Jan 25 2023 // The US Justice Department accused Alphabet Inc’s Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley’s most...

Laid Off Tech Workers Are About to Get Help—From Allstate

Jan 23 2023 // Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business.The company—best known for auto and home policies—is investing in technology including artificial...

How AI Can Transform Insureds’ Lives in 2023

Jan 23 2023 // Artificial intelligence (AI) has been a popular topic of year-end prediction articles in recent years. Looking ahead in 2023, I offer a viewpoint that goes beyond the marketing buzz with my forecasts of the value insurers...

AI Tools Can Create New Images, but Who Is the Real Artist?

Jan 20 2023 // ountless artists have taken inspiration from “The Starry Night” since Vincent Van Gogh painted the swirling scene in 1889.Now artificial intelligence systems are doing the same, training themselves on a vast...

Canada’s Westland Insurance Acquires Broker RiskTech From Excel

Jan 17 2023 // Westland Insurance announced that it has acquired the Edmonton brokerage RiskTech Insurance Services as of January 1.Risk Tech was a member of Excel Insurance Group. It specializes in serving large and mid-market...

Ohio Insurtech battleface Launches Platform Supporting Travel Insurance

Jan 11 2023 // Columbus, Ohio-based travel insurance provider battleface announced the launch of Robin Assist, a new tech-driven platform as a service. Built for insurance carriers, brokers, managing general agents (MGAs) and...

Ant Group Founder to Give Up Control in Major Overhaul of Chinese Fintech Giant

Jan 9 2023 // Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was...

Big Tech Layoffs May Further Disrupt Equity and Diversity Efforts

Jan 6 2023 // 2023 is shaping up as a challenging year to be a woman or minority working in the tech sector, or even a person with one too many years under their belt.Surging firings by technology companies last year are...

Markets/Coverages: CNA Hardy Offers Enhanced Product Suite for UK Tech Businesses

Jan 5 2023 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, announced the latest addition to its specialist technology product suite.The product, called “Technology...

Southwest Airlines is Discovering the True Cost of Outdated Tech

Jan 5 2023 // This post is part of a series sponsored by AgentSync.If you’re looking for proof that outdated technology, manual processes, and data silos can result in catastrophe, all you need to do is peek under the hood of...

Riding the Waves of Insurtech

Jan 4 2023 // This post is part of a series sponsored by AgentSync. The evolution of technology in any industry follows a similar pattern. Transformation doesn’t happen overnight. Rather, we see a progression from infancy to...

Verisk to Acquire Swedish Claims Insurtech Mavera

Dec 22 2022 // Verisk, the global data analytics provider, has entered into an agreement to acquire Mavera, a Sweden-based insurtech firm that operates a personal injury claims management platform.Financial details of the transaction...

Study Shows How Machine Learning Could Predict Rare Disastrous Events

Dec 21 2022 // When it comes to predicting disasters brought on by extreme events (think earthquakes, pandemics or “rogue waves” that could destroy coastal structures), computational modeling faces an almost insurmountable...