Latest Tech Headlines

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

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...

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...

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...

Teen Drivers Might Benefit Most From Assisted Driving Technology: IIHS

Sep 9 2021 // Crash avoidance features and teen-specific vehicle technologies have the potential to prevent or mitigate up to three-quarters of fatal crashes involving teen drivers, a study by the Insurance Institute for Highway Safety...

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...

World’s Largest Carbon Capturing Technology Plant Starts in Iceland

Sep 8 2021 // The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said.Swiss start-up...

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...

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...

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...

Insurance Is on Agenda at Today’s White House Cyber Summit With Tech Leaders

Aug 25 2021 // The White House is hosting an event on Wednesday that will bring together the largest U.S. technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking incidents earlier...

Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance

Aug 20 2021 // Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced.Together with DXC’s...

Tech Giants Are ‘Too Big to Fail’ Because They Host Insurers, Banks on Cloud Platforms

Aug 20 2021 // More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re not banks.This time it’s the tech...

Insurtech Blue Marble Launches Weather-Index Crop Insurance for Pakistani Farmers

Aug 18 2021 // Blue Marble, a London-based insurtech that offers affordable insurance protection for low-income families and small businesses in emerging markets, has launched a weather-index insurance-pilot program for smallholder...

Insurtech VOOM, Markel Offering Mileage-Based Motorcycle Insurance

Aug 17 2021 // Mobility insurtech VOOM and specialty insurer Markel have teamed up to launch a per-mile insurance offering for motorcycles in select states.VOOM will distribute the per-mile product both directly to riders and through...