Latest InsurTech Headlines
All the headlines from our InsurTech Topic Page, ordered by recency.
China Says Its Fintech Antitrust Moves Not Targeted at Private Banks, Insurers
Jan 22 2021 // China’s recent antitrust measures are not aimed at its private sector and do not seek to hinder the development of such firms, a senior banking and insurance regulator said on Friday, as the country looks to expand...
Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition
Jan 22 2021 // The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021. Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent...
Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.
Jan 20 2021 // Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber...
Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI
Jan 19 2021 // Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding...
Business Startups Surged Amid Covid-19 Pandemic
Jan 19 2021 // The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective...
Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers
Jan 19 2021 // Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity,...
American Family Insurance to Acquire Small Business Insurtech Bold Penguin
Jan 14 2021 // Madison, Wisconsin-based American Family Insurance is acquiring insurtech company Bold Penguin that serves small businesses. The Bold Penguin digital exchange is used by insurance agents, brokers and other distributors to...
For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts
Jan 14 2021 // Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in...
Canadian Insurtech Apollo Closes C$13.5 Million Funding Round
Jan 11 2021 // Apollo Insurance Solutions Ltd., the Toronto-based online insurance company, announced it has closed an oversubscribed C$13.5 million (US$10.6 million) Series A financing round, which exceeded its original C$4 million...
Judge Throws Out Apple Copyright Claims Against Security Software Startup Corellium
Dec 30 2020 // A federal judge in Florida on Tuesday dismissed Apple Inc.’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the...
UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU
Dec 16 2020 // Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe,...
Tech Firms Form Coalition to Defend Internet Liability Shield Law
Dec 16 2020 // A number of internet companies that are not big social media players are organizing to defend the law that shields them from lawsuits. The companies have formed a coalition called Internet Works to protect what they see as...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments
Dec 15 2020 // Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help...
German Insurtech Startup Wefox Expects Profitable 2021
Dec 15 2020 // BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an...
UK Insurtech Startup battleface Raises $12M in Funding from U.S. Venture Capital Firm
Dec 11 2020 // UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, announced a $12-million Series A financing round from Drive Capital, a Columbus, Ohio-based venture capital firm. The...
Efma and Accenture Launch 6th Annual Innovation in Insurance Awards
Dec 10 2020 // Efma and Accenture are now accepting applications for the sixth annual Efma-Accenture Innovation in Insurance Awards, which recognize insurers and insurtechs that are transforming the insurance industry. Established in...
UK Insurtech Zego Buys Telematics Firm Drivit to ‘Revolutionize’ Insurance Pricing
Dec 9 2020 // Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. The deal, which will enable Zego to collect real-time driver...
AI Ethics Scholar’s Exit Adds to Google’s Employment Practices Woes
Dec 7 2020 // Prominent artificial intelligence scholar Timnit Gebru helped improve Google’s public image as a company that elevates Black computer scientists and questions harmful uses of AI technology. But internally, Gebru, a...
Small Business Insurtech Huckleberry to Offer Pandemic Business Interruption Plan
Dec 3 2020 // Huckleberry, a small business insurance purchasing platform, has launched a new offering designed for small businesses impacted by pandemic-related stressors and costs. The Pandemic Business Interruption plan will be...
Insuring Cyber Podcast Episode 3: Underneath ‘the Tip of the A.I. Iceberg’ in Insurance
Dec 2 2020 // Powered by InsuranceJournal.tv Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe that among relevant technology, artificial intelligence (A.I.)...
