Latest InsurTech Headlines

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

Insurtechs Neptune, Hippo Unite Home, Flood Insurance Online for Speedy Purchasing

Feb 21 2019 // Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance.Hippo promises quick processing and...

Insurtech Trov Now Selling in 7 Additional States and D.C.

Feb 21 2019 // Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia.Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan,...

Crypto Startup BitGo Offers Insurance Against Quadriga Cold-Wallet Debacle

Feb 20 2019 // While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by mainstream companies such as Goldman Sachs says they’re able to offer some...

Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund

Feb 20 2019 // European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe.Allianz X was launched in 2016 with a...

How Pricing Insurance for Cars of Future Could Bring Insurers, Carmakers Together

Feb 19 2019 // Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would...

Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia

Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...

Look Who Is Betting on the Agency System

Feb 15 2019 // According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting...

Mayor Establishes D.C. Financial Services Regulatory Sandbox, Innovation Council

Feb 14 2019 // District of Columbia Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council.The council is charged with studying and reporting on the feasibility of...

MS Amlin Launches Comprehensive All-Risks Policy for UK Tech Sector

Feb 14 2019 // MS Amlin, the specialist global re/insurer, has launched a comprehensive all-risks policy designed for the technology sector in the UK, which is called Technology Combined.The product provides companies with cover against...

Whew! Human Beats IBM’s AI Machine in Debate

Feb 13 2019 // International Business Machines Corp. fell short in its latest attempt to prove machines can triumph over man. But it came close.The tech giant’s six-year-old artificial intelligence debating system, affectionately...

Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs

Feb 13 2019 // Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance.Led by Ascot and Beazley, the consortium brings together a range...

Cook Named Next Managing Director of Iowa’s Global Insurance Accelerator

Feb 13 2019 // The Global Insurance Accelerator (GIA), headquartered in Des Moines, Iowa, has appointed Nicole Cook as the group’s managing director effective May 1. She joined the GIA full time on Feb. 11.During the GIA’s...

InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day

Feb 13 2019 // Giant global insurer Chubb is on a mission to transform itself into a digital enterprise.The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics...

Nationwide Invests in Core Systems Insurtech Start-Up Socotra

Feb 13 2019 // Nationwide’s latest venture capital investment is in a core technology start-up that promises to help insurers create new insurance products and get them to market faster and integrate more easily with future...

Hartford InsurTech Hub Welcomes 2019 Cohort of Startups

Feb 8 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has welcomed its 2019 cohort of startups to Hartford, Conn.The chosen startups cover a range of abilities, from property insurance claims to peer-to-peer insurance (P2P)...

Microsoft’s Home State’s Facial Recognition Privacy Bill Could Be Model for Others

Feb 8 2019 // Two months after calling for laws to regulate facial-recognition software, Microsoft Corp. is lobbying on behalf of a first-of-its-kind bill in its home state of Washington. The question is whether cross-town rival...

Artificial Intelligence Startups Win Zurich’s 1st Global Insurtech Competition

Feb 8 2019 // Zurich Insurance Group announced that the gold and silver winners for its first global insurtech competition were startups that have developed artificial intelligence-based solutions.Toronto-based Chisel AI was the gold...

Zurich Insurance Reports 24% Jump in 2018 Net Income Driven by Life, P/C Units

Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...

Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO

Feb 6 2019 // Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer.Sankaran, who will join Oscar on March 1, was named chief financial officer at AIG...

Insurtech CoverHound Raises $58 Million to Drive Cyber Unit, Open North Carolina Office

Feb 5 2019 // Digital property/casualty insurance platform CoverHound announced it has raised a $58 million Series D funding round. Global specialist insurer Hiscox led the round, along with additional investors including Chubb, Aflac...