Most Popular InsurTech Headlines This Year
The most viewed headlines from our InsurTech Topic Page over the last year.
#1 3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Feb 23 2024 // Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of...
#2 Insurtech Hippo Lays Off 20% of Employees
Oct 30 2023 // Insurtech Hippo Holdings said it has “initiated an organizational realignment” by laying off about 120 employees, or 20% of its workforce. The company said in a filing with the U.S. Securities and Exchange...
#3 Safepoint’s Florida Startup, Manatee Insurance Exchange, Gets COA, Financial Ratings
Feb 7 2024 // Florida regulators have approved another reciprocal property insurance company and it has received ratings from two financial rating firms. Manatee Insurance Exchange, a spinoff from Tampa-based Safepoint Insurance Co.,...
#4 A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer
Apr 4 2024 // The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring...
#5 Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best
Nov 15 2023 // AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today, the credit rating agency wrote that “it is too soon to cite AI as the leading...
#6 Insurtechs Unite to Launch InsurTech Coalition
Nov 30 2023 // Members from several insurtechs, including Boost, Branch, Clearcover, Lemonade and Root Insurance, published an open letter to the insurance industry announcing the launch of the InsurTech Coalition, a trade organization...
#7 Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
May 6 2024 // Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance...
#8 What’s to Come in 2024: Hard Market, AI Expansion, More Catastrophes, Network Consolidation
Feb 5 2024 // No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal asked industry thought leaders their predictions for the...
#9 ‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says
Jun 26 2024 // The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more...
#10 Thanks to AI, Industry Will Soon See Big Jump in Parametric Insurance, Consultant Says
Jun 18 2024 // Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that...
#11 US, Britain, Other Countries Ink Agreement to Make AI ‘Secure by Design’
Nov 28 2023 // The United States, Britain and more than a dozen other countries on Sunday unveiled what a senior U.S. official described as the first detailed international agreement on how to keep artificial intelligence safe from rogue...
#12 Biden Signs Sweeping Executive Order Regulating Artificial Intelligence
Oct 30 2023 // President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and...
#13 Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Mar 19 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
#14 Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
May 29 2024 // The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The...
#15 Report: Top AI Trends for Insurers in 2024 Include Claims, Other Insurance Processes
Feb 5 2024 // Insurers are prepared for artificial intelligence to move beyond task automation and machine learning to advanced uses in 2024, a new report examining the industry and how it’s using AI shows. The report from...
#16 New Drivers and Electric-Vehicle Tech Bring New Risks to Auto Insurance Market
Jun 21 2024 // High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The challenges will continue through the end of the year and beyond,...
#17 Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress
May 1 2024 // Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history. The net income loss for the first three months of...
#18 Insurtech Root Inc. Results Improve but Remain at a Net Loss
Feb 22 2024 // Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for fourth quarter 2022 and...
#19 Why Near-Miss Cyberattack Put US Officials and Tech Industry on Edge
Apr 8 2024 // German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a little-known program. What he found when he investigated has sent shudders across the...
#20 What’s to Come in 2024: AI Expansion, More Catastrophes, Network Consolidation
Feb 13 2024 // No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal magazine asked industry thought leaders their...
