Latest Tech Headlines

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

Aon Launches Strategy and Technology Group, Aiming to Build Re/Insurer Resilience

Sep 8 2022 // Aon plc, the global professional services firm, has launched a Strategy and Technology Group (STG) to bring together a wide range of expertise and technology solutions — designed to help property & casualty and...

Technology Helps Seniors Stay at Home Longer

Sep 5 2022 // Eighty-five year old Sam’s family and friends feared this was it. Sam, who lives alone, had fallen again and this time, he fractured his back. Days later as he was lying in the hospital bed wearing a back brace, he...

Senior Care Market Experiencing Revived Competition Amid Hi-Tech Boom

Sep 5 2022 // The insurance market for senior care and housing facilities has emerged from the volatile period of the pandemic and is again responsive and competitive. Premiums that were going up considerably are moderating in some...

New York Launches $6.5M Fund for ‘Clean Tech’ Insurance Products; Seeks Program Manager

Sep 2 2022 // New York Governor Kathy Hochul announced a $6.5 million program to support Insurance Innovation for climate-technologies, a new program focused on the research and development of new insurance policies and products that...

Commercial Auto Insurtech Fairmatic Raises $42M

Aug 31 2022 // Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance...

Insurtech Accelerant Launches $175M Sidecar Investment Vehicle Flywheel Re

Aug 31 2022 // Accelerant, an insurtech platform that aims to provide underwriters with risk exchange, data analytics and long-term capacity commitments, announced a new $175 million sidecar vehicle, Flywheel Re.Flywheel will provide...

InsurTech Founders Say Launching an MGA Means Learning to Juggle

Aug 24 2022 // Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra CEO Dan Woods at the 2022 OnRamp Insurance conference.“I don’t know if I can...

Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay

Aug 22 2022 // At-Bay, the San Francisco-based insurtech and managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance placements.Financial...

China Extends Industrial Power Cuts as Drought, Heatwave Threaten Wider Disruptions

Aug 22 2022 // Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down...

Technology Delivering New Data Sources for Claims Investigations

Aug 19 2022 // The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control.It was the wrong car for lying about the cause of an accident....

Insurtech Startup Quotech Announces £1 Million Investment Led by Re/insurer Convex

Aug 8 2022 // Quotech, the insurtech that creates data-taming systems for specialty insurers, brokers, and MGAs, has raised £1 million from a number of angel investors and Convex Group Ltd., the international specialty insurer and...

Omaha, Nebraska to Host Insurtech on the Silicon Prairie in October

Aug 5 2022 // Nebraska Department of Insurance Director Eric Dunning announced that the Insurtech on the Silicon Prairie conference is back in-person and will be held on October 24 and 25. Omaha’s Holland Performing Arts Center...

Insurtech Pie Insurance Partners with Bold Penguin, Talage, and Tarmika

Aug 5 2022 // Pie Insurance, an insurtech company specializing in workers’ comp insurance for small businesses, announced strategic partnerships with three leading commercial insurance platforms: Bold Penguin, Talage, and...

Global Insurtech Investment Down 50% in Q2: Gallagher Re

Aug 4 2022 // Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher Re said in a report on...

EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules

Jul 28 2022 // The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter...

Insurtech Funding Levels Hold Steady in Q2 vs. Q1: CB Insights

Jul 26 2022 // Funding for the insurtech sector held steady in the second-quarter of 2022, coming in at roughly $2.4 billion, the same as the overall funding figure recorded for first-quarter 2022, according to data released by CB...

Lawsuit: Chicago Police Misused Gunshot Detection Technology in Murder Case

Jul 25 2022 // A federal lawsuit filed last Thursday alleges Chicago police misused “unreliable” gunshot detection technology and failed to pursue other leads in investigating a grandfather from the city’s South Side...

Insurance Technology: Zurich Adds Workplace Culture Tool; DriverPremium App Transforms Phone; Kenzen Develops Heat Wearable

Jul 21 2022 // Zurich Resilience Solutions Combats Toxic Work CultureZurich Resilience Solutions (ZRS) in North America is now offering customers a platform that can help them combat toxic work cultures and improve employee retention....

NEXT, Thimble Latest Insurtechs to Announce Layoffs This Year

Jul 20 2022 // NEXT Insurance and Thimble are the latest insurtechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both insurtechs pointing to an increased focus on profitability.NEXT...

Program Data Insurtech Noldor Raises $10M

Jul 18 2022 // New York-based Noldor, said it recently closed on a $10 million seed funding round from a group of well-established insurance investors. According to CEO John Horneff, Noldor’s seed funding positions the company for...