Latest InsurTech Headlines

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

Rebuilding in Wildfire Zones: A One-Stop Shop for Wildfire Victims

Oct 6 2020 // California is on fire. Already this year, thousands of people have lost their homes, and communities are struggling to figure out how to rebuild. Nikki Pechet wants to be the person they turn to.Pechet co-founded Homebound...

Personal Lines Insurtech Root Files IPO Proposal with SEC

Oct 6 2020 // Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.The number of shares to be...

Pandemic Economic Uncertainty Could See Insurers Buying, Partnering with Insurtechs

Oct 5 2020 // Insurance carriers could increasingly target insurtechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, according to a report.“As insurers move toward late 2020 and...

Tech-First Agency Tackles the ‘Difficult Things’

Oct 5 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...

UK Insurtech Zego Partners with 2 Independent Broker Networks to Expand Fleet Offering

Oct 2 2020 // London-based insurtech Zego has partnered with two of the UK’s biggest networks of independent brokers that sit within Bravo Group.Zego will benefit from access to a community of over 700 brokers, more than 60% of...

Sirius Restructures Management of Global Business Technology Team

Oct 1 2020 // Sirius International Insurance Group Ltd. announced that it has enhanced its Global Business Technology (GBT) team through the restructuring of its global management structure.This expansion will enable the firm to advance...

Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln

Sep 30 2020 // Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or...

Envelop Risk Paves the Way as Insurtech Reinsurance MGA

Sep 29 2020 // Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits.“We think we’re the only insurtech firm involved in cyber...

Major U.S. Tech Firms Look to Be Ignoring Europe’s Data Privacy Rules

Sep 28 2020 // Technology firms’ compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey of companies including Facebook...

New York Again Ranks as Top Global Financial Hub But London Gains in Volatile Index

Sep 25 2020 // New York again heads the rankings of the world’s leading global financial centres.The Global Financial Centres Index 28, launched by London think tank Z/Yen Group in partnership with the China Development Institute...

Travelers Offers Artificial Intelligence for Companies to Assess Worker Safety

Sep 25 2020 // The Travelers Companies said it has started using artificial intelligence to offer business customers virtual and onsite ergonomic assessments.Travelers claims to be the first insurance carrier to provide the service....

Formation of More ‘Class of 2020’ Reinsurers Unlikely

Sep 25 2020 // The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently.Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was...

As Wildfires Spread, Public Safety Tech Startups Lack Venture Capitalists’ Backing

Sep 24 2020 // Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke.Winnacker, a...

EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future

Sep 24 2020 // The investment will empower insurance companies, banks, and other financial institutions to build and optimize digital journeys with an AI-powered no-code platformTel Aviv, Israel – September 24, 2020 – EasySend, the...

Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership

Sep 23 2020 // Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership.The move...

Startups Developing Technologies to Clean Air in Workplaces of Coronavirus

Sep 21 2020 // Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking...

Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion

Sep 20 2020 // Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter.Alphabet Inc.’s CapitalG is in talks to...

InsureTech Connect Delays Virtual Conference Until October for Networking Signups

Sep 18 2020 // Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month,ITC will...

Foresight’s Tech-Driven Workers Compensation Program Breaks New Ground

Sep 15 2020 // Foresight is now appointing a group of founding broker partners focusing on hazardous verticals in the middle marketSan Francisco, CA, September 15, 2020 – Foresight, a commercial insurtech MGU with carriers rated A-...

Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines

Sep 14 2020 // COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage.Yet, commercial lines insurance...