Latest InsurTech Headlines

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

Cincinnati Insurance to Open Facility at U. of Cincinnati’s Innovation Hub

Dec 6 2018 // Cincinnati Financial Corp.’s property casualty subsidiary, Cincinnati Insurance Co., will open an innovation center within the University of Cincinnati’s 1819 Innovation Hub in early 2019, the company said.UC...

AIG Chief Data Officer DalleMule Jumps to Insurtech Startup Planck

Dec 6 2018 // Planck Resolution, AI-based data platform for commercial insurance, has hired Leandro DalleMule as general manager, North America.Prior to joining Planck Resolution, DalleMule was the chief data officer (CDO) and head of...

EU Lawmakers Target Big Tech Firms’ Unfair Business Practices

Dec 6 2018 // EU lawmakers agreed on Thursday to take a tougher stance against tech giants such as Google , Amazon and Apple in new legislation aimed at curbing unfair business practices.A European Parliament committee voted in favor of...

Chinese Manufacturer Ninebot’s Dominance Has Startups Sharing Scooter Product Risks

Dec 6 2018 // Scooter-sharing company Lime recently relayed a troubling message to its users: a portion of its fleet was at risk of bursting into flames.The startup recalled about 2,000 vehicles, less than one percent of its scooters,...

JenCap Holdings to Acquire Risk Innovations of Atlanta

Dec 5 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, will acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed.Risk...

Small Business Insurtech CoverWallet Expands to Offer Its Tech, Markets Access to Agents

Dec 4 2018 // CoverWallet, a technology company that has been on a mission to “reinvent insurance for small business” customers, is now offering its platform for insurance agencies, the company revealed today.With 16...

Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion

Dec 3 2018 // Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told...

AI Enhances Highway Safety in Las Vegas

Dec 3 2018 // Artificial intelligence is helping improve safety along a stretch of Las Vegas’ busiest highway.The Nevada Highway Patrol says a yearlong partnership between public safety agencies and a startup technology firm...

Imagery and Artificial Intelligence in Wildfire Risk

Dec 3 2018 // Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and...

Lion Air Crash Demonstrates Unintended Consequences of Cockpit Automation

Nov 30 2018 // As Boeing Co. was developing its latest version of the 737 airliner, it discovered the design was slightly more prone to a loss of control. So the company added a computer-driven safety feature — one that is now a...

Hartford InsurTech Hub Announces 2019 Cohort of Startups

Nov 30 2018 // Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled the 2019 cohort of startups for its acceleration program. The chosen startups cover a range of abilities, from property insurance claims to peer-to-peer...

Insurtech Oyster Opens up Its Pay-as-You-Go Workers’ Comp Model in California

Nov 29 2018 // A new insurtech wants to provide pay-as-you-go workers’ compensation to as many small businesses in California as possible, and it hopes to use the momentum it’s built following a quiet launch in the East...

What Insurers Want and Get from Insurtech Partnerships

Nov 29 2018 // Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s...

IBM Joins Critics Calling for Regulation of Tech Firms’ Personal Data Use

Nov 28 2018 // International Business Machines Corp. Chief Executive Officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook Inc., over their collection of user data and urged...

Insurtech MGA Corvus Raises $10 Million to Expand Commercial Lines Business

Nov 27 2018 // Corvus Insurance has secured $10 million in new venture financing that the Boston-based insurtech managing general agency plans to use to jump into additional lines of commercial insurance.Two firms led the startup’s...

ACM Launches InsurTech Projects to Streamline Efficiencies

Nov 27 2018 // San Diego, CA, November 27, 2018 –Celebrating 30 years in claims management, American Claims Management (ACMclaims.com) has launched several InsurTech projects in 2018, with more to come in 2019.“In our quest to...

AI Enhances Highway Safety in Las Vegas

Nov 26 2018 // Artificial intelligence is helping improve safety along a stretch of Las Vegas’ busiest highway.The Nevada Highway Patrol says a yearlong partnership between public safety agencies and a startup technology firm...

Lowell Joins The Hartford to Head Small Business Innovation Lab

Nov 20 2018 // The Hartford has appointed Christopher Lowell to lead its Small Business Innovation Lab, which will design and test new products and business models to meet the needs of The Hartford’s small business...

China’s Ping An Invests $47M in German Fintech Incubator Finleap

Nov 19 2018 // Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding.The Chinese...

The Rise of Risktech: How Startups Are Saving Lives and Property in Construction

Nov 19 2018 // Construction has a major problem: every year, construction sites suffer $11 billion in losses due to damage from fire and water, worker accidents, and theft. In addition, a fifth of all worker deaths in the U.S. –...