Latest Tech Headlines

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

German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B

Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion.The...

New Insurtech Advisor Insurance to Target Risks of Wealth Managers

May 28 2021 // K2 Placements and Wealth Advisor Growth Network (WAGN) have partnered on an insurtech platform for wealth managers buying business insurance to protect their firms.The new platform, Advisor Insurance, was designed to...

Patra Expands Leadership Team to Advance Technology-Enabled Services for the Insurance Industry

May 27 2021 // Matt Hewitt joins the leading insurance services provider as Corporate Development Officer.EL DORADO HILLS, Calif., May 27, 2021 – Patra, a leading provider of technology-enabled services for the insurance industry,...

Technology Upgrades Follow Cyberattack on Alaska Courts

May 26 2021 // The Alaska court system said it is taking steps aimed at avoiding future cyberattacks, such as upgrading software and “investing in technology that can better protect our systems from intrusion.”The court...

How 3D Technology is Deepening Claims Efficiency in Insurance

May 26 2021 // The use of 3D technology has been a topic of discussion in insurance for years, but for an industry that is historically slow to adopt technological change, its impact has not yet been as widely felt as originally thought....

Ransomware Attack Still Disrupting IT Systems of New Zealand Hospitals

May 26 2021 // Systems are still down a week after a ransomware attack disrupted the IT network of five hospitals in the New Zealand district of Waikato, and concerns remain that private patient information may have been exposed.Patients...

HSB Adds Coverages for Smart Farm Technology, Equipment

May 26 2021 // HSB, part of Munich Re. has launched HSB Precision Ag insurance, a suite of coverages for evolving farm data risks, technology and state-of-the-art equipment.Designed for large commercial enterprises and smaller family...

Swedish Tech Start-up Haidrun Launches Blockchain Platform Targeted at Re/Insurers

May 25 2021 // Swedish tech start-up Haidrun has launched an enterprise blockchain platform targeted at insurers and reinsurers.Haidrun’s private blockchain platform eliminates suspicious and duplicate transactions by securely and...

Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford

May 25 2021 // Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies.The new offering, MarketTrends, helps agencies identify coverage trends,...

Tesla Memo Says Fully Driverless Technology May Not Be Ready for Prime Time This Year

May 10 2021 // Tesla Inc. told a California regulator that it may not achieve full self-driving technology by the end of this year, a memo by the California Department of Motor Vehicles (DMV) showed. Tesla CEO Elon Musk said during an...

People Moves: Hippo in California Adds Numerous Technology Leaders

May 7 2021 // Hippo in Palo Alto, Calif. has added new leadership to its technology team led by Chief Technology Officer Ran Harpaz. The newly appointed technology leaders will be responsible for expanding and enhancing the delivery of...

China Insurtech Waterdrop Raises $360M in New York IPO: Reuters

May 7 2021 // Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the...

Insurance, Tech Stocks Outpacing Insurtechs in 2021: HSCM Index

May 4 2021 // Stock prices of 18 U.S. insurtechs that went public in the last decade soared as a group in 2020. But so far in 2021, large non-insurance technology companies and traditional insurance stocks both outperformed the...

Chinese Insurtech Waterdrop Seeks $360M in New York IPO

May 3 2021 // HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show.Waterdrop, which is backed by...

Milwaukee Area Water Technology Facility Faces $234K in OSHA Penalties

Apr 30 2021 // Federal workplace safety officials have cited a water technology company after an employee was injured when a guardrail loosened and he fell and struck his head on a support beam as he lowered himself into a nearly 30-foot...

P/C Insurance Firms Lead as Global Insurtech Investment Soars to $2.55B in Q1

Apr 28 2021 // Global investment in the insurtech sector reached a new quarterly high of US$2.55 billion during the first quarter of 2021.The number of mega-rounds reached eight, more than any other three-month period, according to the...

People Moves: Topa in California Names Torio Director of Tech, Resilience Names Reed EVP

Apr 28 2021 // Topa Insurance Co. has named Paul Torio director of technology.Torio is responsible for developing and delivering solutions across Topa’s technology infrastructure in support of business goals. He has worked at Topa...

How Tech Firms From Amazon to YouTube Ban Users for Off-Site Behavior

Apr 27 2021 // Earlier this month, Twitch announced it would start banning users for behavior away from its site.The move by Amazon Inc.’s live-streaming platform involved hiring a law firm to conduct investigations into...

Tech Firm Luminar, Planemaker Airbus Partner to Test Autonomous Flights

Apr 26 2021 // Luminar Technologies Inc. said on Monday it would partner with Airbus SE to test technologies which could increase aircraft safety and ultimately enable an autonomous flight with obstacle detection.The two companies will...

London’s NuVenture to Support MGAs with Funding,Technology

Apr 26 2021 // A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology.NuVenture International Ltd., formed by...