Latest InsurTech Headlines

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

Israeli Insurtech Earnix Reaches $1 Billion Valuation After Financing Round

Feb 22 2021 // Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners.Existing investors...

Diversity, Resilience, Innovation Among Altmaier’s Priorities as NAIC President

Feb 22 2021 // Florida’s top insurance regulator has a busy year ahead, and it won’t just include overseeing his own state’s insurance market, one of the most dynamic and complicated insurance markets in the world....

EU Experts Hit Roadblock in Trying to Resolve Tech, Carmakers’ Patent Dispute

Feb 12 2021 // European Union efforts to resolve a patent dispute between tech companies and carmakers have hit a roadblock after experts enlisted for advice failed to agree on the level of royalties or who should pay them.Tech firm...

Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities

Feb 10 2021 // The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of...

AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO

Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...

UK Insurtech Zego Partners with Irish Mobility Startup Brite to Offer Electric Fleet Cover

Feb 9 2021 // Irish mobility startup Brite has partnered with London-based mobility insurance provider Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland.The partnership between Brite and Zego means...

Researchers Say Machine Learning Boosts Defense Against Multi-Stage Cyber Attacks

Feb 8 2021 // A machine learning algorithm may give organizations a powerful and cost-effective tool for defending against attacks on vulnerable computer networks and cyber-infrastructure, often called zero-day attacks, according to...

Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg

Feb 7 2021 // Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter.The transaction with Reinvent Technology...

Amazon Plans Cameras with AI in Its Delivery Vans to Improve Driver Safety

Feb 5 2021 // Amazon.com has revealed plans to install AI-powered video cameras in its branded delivery vans, in a move that the world’s largest e-commerce firm says would improve safety of both drivers and the communities in...

SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

Feb 4 2021 // The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off...

Insurance Verification Startup TrustLayer Raises $6.6M from BrokerTech, Ventures

Feb 3 2021 // TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors, insurance brokers and others.“Verification of insurance and business credentials...

Noonan Joins CNC in Alabama as SVP of Strategy, Innovation

Feb 3 2021 // Insurance adjusting firm Catastrophe & National Claims (CNC) has added Tom Noonan as senior vice president of Strategy & Innovation. In this newly created role, he’ll help lead strategic planning and...

P/C Insurtech Funding Reaches $4.7B Record in 2020 – A Story in Charts

Feb 1 2021 // After a slow start in 2020, insurtech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of insurtech funding...

Insurance Déjà Vu: Vaccines, AI, Litigation, Recession Made Headlines 10 Years Ago

Feb 1 2021 // How much have things changed for the insurance industry in the past decade? Judging by feature headlines from Insurance Journal published in February 2011, many of the issues and themes talked about then are again, or...

SolarWinds Attackers Focused on Cyber and Tech Firms

Jan 29 2021 // Whether it was opportunity, strategy or sheer chutzpah, the suspected Russian hackers behind a massive cyber-attack revealed last month focused particular attention on technology companies, including cyber-security firms...

Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles

Jan 29 2021 // Trov, the San Francisco-based insurtech company, announced that UFODRIVE, a frontrunner in sustainable car rental, has selected Trov’s Mobility Insurance Platform for its fleet of fully electric vehicles.UFODRIVE...

European Researchers Turn to AI to Build Better Weather Data

Jan 26 2021 // European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence.The European Centre for Medium-Range...

China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers

Jan 22 2021 // China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand...

Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition

Jan 22 2021 // The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021.Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent...

Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.

Jan 20 2021 // Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber...