Latest Tech Headlines

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

Insurance Technology: Bold Penguin and Thimble, Vertafore and Nationwide, eMaxx

Apr 22 2021 // Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx ….Insurtech Bold Penguin is making it easier for agents and small business customers to...

Businesses Turned to Risk Management Technology More During Pandemic

Apr 21 2021 // Driven by the COVID-19 pandemic, businesses and public entities increased their reliance on risk management technologies, as vendors expanded their offerings to meet their needs.A survey of 1,100 risk professionals found...

Insurers Warn that Drivers May Not Understand Limits of ‘Automated’ Car Technology

Apr 21 2021 // LONDON – Britain’s goal to be a leader in adopting self-driving cars could backfire unless automakers and government regulators spell out the current limitations of the technology, insurance companies warn.Insurers...

Tech Provider FintechOS Raises US$60M to Fuel Global Expansion

Apr 21 2021 // FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51 million) in Series B funding.The round was led by venture capital firm...

People Moves: INSUREtrust Hires Ye, Yarbrough; Engle Martin Picks Stewart as COO; Oakbridge Adds Mahler as VP of Technology

Apr 19 2021 // Atlanta-based INSUREtrust has hired Beveryly Le as an account manager. She will be responsible for developing and maintaining relationships with clients.Additionally, the company named Kyle Yarbrough as an operations...

Tech Firms Under More Scrutiny, Unhappy with D&O Insurance

Apr 19 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021.Insurance broker Marsh...

Lloyd’s Lab Picks 11 Insurtech Start-ups, Focused on Product Simplification, Climate

Apr 15 2021 // Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator program.These insurtechs will be focused on creating simpler products for...

Detroit Police Sued by Man Mistaken for Shoplifter by Recognition Technology

Apr 15 2021 // A Black man who was arrested when facial recognition technology mistakenly identified him as a suspected shoplifter has sued Detroit police, seeking compensation for the humiliating incident and restrictions on how the...

Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources

Apr 12 2021 // SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people...

Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains

Apr 9 2021 // LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry...

Indian Insurtech Policybazaar Plans Mumbai IPO

Apr 7 2021 // Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to people familiar with the...

UK Insurtech Zego Launches Flexible Cover for Food, Grocery Delivery Businesses

Apr 5 2021 // Zego, the London-based insurtech and commercial motor insurance provider, has launched two new flexible insurance products for moped and e-bike fleets in the UK.The new products, developed in partnership with Wakam, enable...

Homeland Security Chief Prioritizes Disrupting Ransomware in Cyber Efforts

Apr 5 2021 // Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said last Wednesday that dealing with ransomware will be a top priority, highlighting the growing threat of the data-scrambling software.Ransomware –...

Suez Canal Must Upgrade to Avoid Future Shipping Disruption: Sources

Apr 5 2021 // CAIRO – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounce back from...

BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble

Apr 5 2021 // See a need and then fill it. That’s the secret of most successful businesses — and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...

Leveraging carrier technology to support small business customers

Apr 2 2021 // This post is part of a series sponsored by The Hanover Insurance Group.The small commercial market offers tremendous opportunities for agents to increase their market share more than ever before, particularly for those who...

Tech Firms Under More Scrutiny and Unhappy with Their D&O Insurance

Mar 31 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021.Insurance broker Marsh...

Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform

Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds.Also, a new platform for offering management liability insurance to small...

Insurtech Funding News: $118M for Pie; $30M for Snapsheet

Mar 26 2021 // There have been two notable funding rounds by insurtechs this week.Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a claims...

Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing

Mar 24 2021 // With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the insurtech carrier has been named in a shareholders class action complaint, Carrier Management has...