All the headlines from our InsurTech Topic Page, ordered by recency.
Jan 19 2021 // Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week.Freestyle.VC led the funding round,...
Jan 19 2021 // The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises.After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective...
Jan 19 2021 // Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers.One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity,...
Jan 14 2021 // Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses.The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to...
Jan 14 2021 // Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there.The broker announced in...
Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million...
Dec 30 2020 // A federal judge in Florida on Tuesday dismissed Apple Inc.’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the...
Dec 16 2020 // Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe,...
Dec 16 2020 // A number of internet companies that are not big social media players are organizing to defend the law that shields them from lawsuits.The companies have formed a coalition called Internet Works to protect what they see as...
Dec 15 2020 // Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help...
Dec 15 2020 // BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an...
Dec 11 2020 // UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, announced a $12-million Series A financing round from Drive Capital, a Columbus, Ohio-based venture capital firm. The...
Dec 10 2020 // Efma and Accenture are now accepting applications for the sixth annual Efma-Accenture Innovation in Insurance Awards, which recognize insurers and insurtechs that are transforming the insurance industry.Established in...
Dec 9 2020 // Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit.The deal, which will enable Zego to collect real-time driver...
Dec 7 2020 // Prominent artificial intelligence scholar Timnit Gebru helped improve Google’s public image as a company that elevates Black computer scientists and questions harmful uses of AI technology.But internally, Gebru, a...
Dec 3 2020 // Huckleberry, a small business insurance purchasing platform, has launched a new offering designed for small businesses impacted by pandemic-related stressors and costs.The Pandemic Business Interruption plan will be...
Dec 2 2020 // Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe that among relevant technology, artificial intelligence (A.I.) will have the greatest impact on...
Dec 1 2020 // Nashville, TN, December 1, 2020 – Method has partnered with Gradient AI to incorporate state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) solutions into the underwriting process. Method utilizes...
Nov 30 2020 // We are all familiar with the challenges of 2020, but we may still be underestimating how deep and wide they go.Seven in 10 employees say this has been the most stressful year of their working lives, according to a report...
Nov 25 2020 // Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday.More fintech firms are expected to...