Latest InsurTech Headlines

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

Analysis: Louisiana Government Cyberattack Could Have Been Worse

Dec 3 2019 // The cyberattack on Louisiana’s state government computer servers disrupted agency operations and made going to the Office of Motor Vehicles even more headache-inducing than usual. But it was nowhere near the...

Attracting Innovative Talent in the Data-Driven Age

Dec 2 2019 // Data has always played an important role in the insurance industry. From actuarial analysis and risk predictions to pricing, insurance is grounded in using available information to understand the probability of certain...

Program Business Continues Record Growth Despite Market Challenges

Dec 2 2019 // Fueled by investments from insurtechs and interest in niche classes, the program business market has experienced record growth over the last couple years.But the heavy competition is also forcing program administrators to...

Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M

Dec 2 2019 // The tech-enabled high-end home insurance provider Openly has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture...

Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M

Nov 26 2019 // The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s...

Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance

Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...

FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain

Nov 26 2019 // Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a draft...

Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr

Nov 25 2019 // Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported.The insurtech said it...

Watch Out Finance, Business, Tech Workers. Artificial Intelligence Is Coming.

Nov 21 2019 // Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before.White-collar jobs and better-educated occupations along with production...

AXA XL Launches Risk Innovation Incubator Called ‘Cube’

Nov 20 2019 // AXA XL Insurance launched Cube, a risk innovation incubator, a six-week program designed to enable risk managers to work alongside AXA XL risk and innovation experts to develop innovative risk management solutions for...

Insurtech Vouch Raises $45M, Announces Launch in California

Nov 20 2019 // Vouch Insurance this week announced a $45 million Series B investment round led by Y Combinator Continuity.Vouch also announced its launch in California, which the firm said represents 50 percent of the business insurance...

Salesforce Unveils Software Using Amazon AI to Speed Up Call Center Responses

Nov 20 2019 // Business software provider Salesforce.com Inc. said on Tuesday it would use artificial intelligence (AI) technology from Amazon.com Inc.’s cloud computing unit to improve customer service apps.Salesforce makes...

Microsoft Puts Israeli Facial Recognition Startup Under Ethics Microscope

Nov 18 2019 // Microsoft Corp. has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company...

Florida Expands Access to Insurtech Services and Devices

Nov 18 2019 // On June 28, 2019, Florida Governor Ron DeSantis signed House Bill 301 into law and, in doing so, loosened regulatory restrictions and allowed insurers and their agents to utilize innovative technologies to reduce perils to...

Robotaxi Tech Proving Difficult to Perfect: Daimler CEO

Nov 15 2019 // Daimler has taken a “reality check” on self-driving “robotaxis,” acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential.Chief...

Hartford InsurTech Hub Welcomes Top Startups for 2020

Nov 15 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has announced its 2020 cohort of startups. The past two cohorts have consisted of ten startups, and with the help of the Hub’s partners, the accelerator program...

Allianz Forms Partnership with Microsoft, Aiming to Transform Insurance Processes

Nov 14 2019 // Allianz SE and Microsoft Corp. announced a strategic partnership focused on digitally transforming the insurance industry, making the insurance process easier while creating a better experience for insurance companies and...

Insurtech Root Expands Into Renters Market; Product Launched in 3 States

Nov 14 2019 // Root Insurance, a property casualty insurtech, has launched a streamlined renters insurance designed and personalized for consumers starting at $6 a month.In addition to covering customers’ personal property and...

How Brokers Influence Specialty Insurance Product Innovation

Nov 13 2019 // In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects...

Insurtech Sales Platform Cover Genius Raises $10M for Expansion

Nov 13 2019 // Cover Genius, an insurtech that offers an insurance sales and payments tools to online retail, travel, property, shipping and other companies in multiple languages and countries, has raised $10 million in new...