Latest InsurTech Headlines

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

People Moves: Beazley Promotes Turk to Head of Strategy; Everest Hires Chubb’s McBride as Head of Claims; Pen Names Hiscox’s Dixon as Head of Tech

Sep 22 2021 // This edition of International People Moves details promotions and appointments at three insurers: Beazley, Everest Insurance and MGA Pen Underwriting.A summary of these new hires follows here. Beazley Promotes Turk as...

Broker/Fintech Provider Acrisure Buys New York-Based Tempo Title

Sep 22 2021 // Acrisure, the global insurance broker and fintech services provider, announced it has entered the real estate services business through its acquisition of Tempo Title, one of the largest private title insurance and...

Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI

Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...

Cyber Insurtech BOXX Raises US$10M From Zurich Insurance and 2 Other Investors

Sep 22 2021 // BOXX, the Toronto-based cyber insurer for small businesses, individuals and families, announced it has closed its oversubscribed US$10 million (C$12.7 million) Series A-round in a bid to accelerate growth and expand its...

Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response

Sep 21 2021 // Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of...

Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors

Sep 21 2021 // Insurtech startup bolttech announced the extension of its recently announced US$180 million Series A funding round led by Activant Capital Group, bringing the series total to US$210 million. The funding round adds two new...

Ford, Walmart and Self-Driving Startup Argo AI to Launch Autonomous Vehicle Delivery

Sep 20 2021 // Self-driving startup Argo AI, automaker Ford Motor Co. and Walmart Inc. will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday [Sept. 15].Initial...

Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada

Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures.The new capital will...

Tech and Teen Drivers

Sep 20 2021 // As an insurance journalist and a parent with a 16-year-old son, soon to be on the roads, I know all too well the dangers that lie ahead when it comes to driving behavior. So much so I’m often advocating that he...

Israeli Fintech Pagaya Agrees to Go Public via $8.5B SPAC Deal

Sep 15 2021 // Israeli fintech Pagaya on Wednesday agreed to go public through a merger with special-purpose acquisition company EJF Acquisition Corp in a deal with an enterprise value of $8.5 billion.The deal will include a $200 million...

Russia’s Tech Giant Yandex Says It Repelled Biggest DDoS Attack in History

Sep 9 2021 // MOSCOW — A cyber attack on Russian tech giant Yandex’s servers in August and September was the largest known distributed denial-of-service (DDoS) attack in the history of the internet, the company said on...

INSIGHT: How Big Tech Ethics Panels Are Putting Brakes on AI

Sep 8 2021 // In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to.It turned down the client’s idea after weeks of internal discussions,...

Marshmallow, Black-Founded Insurtech, Is Now a Unicorn

Sep 8 2021 // Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on Wednesday.The early-stage...

In COVID Automation Boom, Robots and Apps Find Work at Services Firms

Sep 7 2021 // Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to Tori — an artificially intelligent voice assistant that will take your order and send it to the line...

White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity

Sep 6 2021 // The U.S. government in late August said it would work with the industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...

AM Best Assigns ‘Excellent’ Ratings to Insurtech Next Insurance

Sep 3 2021 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook...

White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity

Aug 26 2021 // The U.S. government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...

People Moves: Insurtech Joyn Adds Schoberth; Chubb’s Lubin Joins Crum & Forster; TransRe Promotes O’Gwen; AXA XL’s Klimczak Moves to U.S.

Aug 25 2021 // Insurtech Joyn Adds Schoberth as Chief Distribution OfficerInsurance technology company Joyn Insurance announced the addition of Uwe Schoberth as chief distribution officer. The role will focus on developing broker...

Startup Raises $60M to Flag Infrastructure Damage, Injuries Before They Happen

Aug 25 2021 // Startup Urbint, which promises its software can identify utility and telecommunications industry failures, damages, and worker injuries before they happen, has raised $60 million.Urbint CEO and founder Corey Capasso said...

Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance in Europe

Aug 25 2021 // ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany.The product is designed to cover...