Latest InsurTech Headlines

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

Top Biden Tech Advisor Is Critic of Internet Firms; Helped Craft California Privacy Law

Nov 25 2020 // President-elect Joe Biden’s top technology adviser helped craft California’s landmark online privacy law and recently condemned a controversial federal statute that protects internet companies from liability,...

Howden Buys Cyber and Tech Specialist Broker Safeonline

Nov 23 2020 // Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder.The acquisition underlines the...

Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened

Nov 23 2020 // The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued...

Best Agency to Work For Overall: RightSure Insurance Group

Nov 23 2020 // From standup comedy and acting gigs to selling insurance – not the typical career path for the everyday independent agency owner but that is how Jeff Arnold, founder of RightSure Insurance Group, this year’s...

Insurtech Blink Launches Non-Damage Business Interruption Parametric Solution

Nov 20 2020 // Irish insurtech Blink has launched a hurricane non-damage parametric insurance solution which provides liquidity to small and medium-sized businesses in the immediate aftermath of a natural disaster.Called “Blink...

Insurance Tech Firm Insurity Acquires Personal Lines Management Suite CodeObjects

Nov 12 2020 // Insurance systems and data analytics provider Insurity reported that it has completed the acquisition of California-based CodeObjects, which offers a management program for personal lines.The deal expands Hartford-based...

Insurers Powered by New Tech Ready to Assist Policyholders

Nov 2 2020 // This hurricane season has already broken several records, and it is not over yet.So far, 2020 has produced 23 named storms, including two using the Greek alphabet for only the second time in history. Nine named storms have...

Republicans Eye ‘Jackhammer’ to Reform Tech Liability While Democrats Grab ‘Scalpel’

Oct 30 2020 // Big Tech’s decisions to block some posts and videos while letting other content viewed as inflammatory proliferate have drawn the ire of Republicans and Democrats alike, raising the prospect that a 24-year-old U.S....

Why It’s a Good Time for Insurtechs to Be Thinking About Mergers

Oct 30 2020 // The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes.“InsurTech is...

AI-Based Risk Score Predicts Prognosis of Outpatients with COVID-19

Oct 28 2020 // A new artificial intelligence-based score considers multiple factors to predict the prognosis of individual patients with COVID-19 seen at urgent care clinics or emergency departments.The tool, nicknamed CoVA, was created...

Q3 Insurtech Fundraising Breaks Records, but Some Mid-Tier Firms See Funding Gap

Oct 28 2020 // Insurtech funding saw the largest number of deals and the highest amount of funding since data recording into insurtech began, with $2.5 billion raised by insurtech firms across 104 deals during the third quarter,...

Ant Group Is About to Shatter IPO Records. Here’s Why.

Oct 28 2020 // HONG KONG – Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay — shopping...

Startup Auto Insurer Root Raises $724.4 Million in IPO

Oct 28 2020 // Automobile insurance startup Root Inc. sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said.Root, which has $200 million in debt, sold...

Big Tech Lobby Seeks EU Liability Cover to Tackle Hate Speech, Illegal Content

Oct 26 2020 // Big technology platforms are calling on the European Union to protect them from legal liabilities for removing hate speech and illegal content as government scrutiny over how platforms manage user posts grows worldwide.A...

Insurtech Vouch Insurance Expands Coverage to New York

Oct 21 2020 // Vouch Insurance, a business insurance platform for startups, has expanded its coverage into New York. The expansion is an effort to bring risk mitigation to local startups as they scale their technologies, according to a...

Startup Personal Lines Insurer Root Looking to Raise $604 Million in IPO

Oct 20 2020 // Automobile insurance startup Root Inc. said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the current boom in U.S....

InsurTech NY Announces Its 2020 Accelerator Cohort

Oct 13 2020 // InsurTech NY, an InsurTech community in the New York metro area, has announced its growth-stage InsurTech accelerator cohort.The 22 startups were selected to participate in its insurance carrier and broker sponsored...

With Tech Tools Galore, It’s an Exciting Time for Insurtech McKenzie Intelligence

Oct 13 2020 // Advanced technological tools are making it an exciting time to be an insurtech – and an exciting time for those insurers and reinsurers that want to more accurately assess the risks on their books, according to Forbes...

Florida Homeowners Insurtech TypTap Goes National; Plans Roll-Out in 20 States

Oct 8 2020 // After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially started the process of becoming a nationwide company.The technology-driven insurer...

Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal

Oct 6 2020 // Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help grow their reach more than they have been able to thus far on their own, Carrier Management...