Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurers Face Business Interruption Claims After Global Tech Outage
Jul 22 2024 // Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by global cybersecurity firm...
What Disruptions Have Been Reported After the Global Tech Outage?
Jul 19 2024 // A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of...
Global Tech Outage Disrupts Industries, Highlights Online Risks
Jul 19 2024 // A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected...
Tech Update: WTW Offers Next Generation Investment Management Insurance Solution
Jul 9 2024 // WTW, the advisory, broking, and solutions company, has introduced “IMI Plus,” an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth...
German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan
Jun 27 2024 // Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the...
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,...
Leveraging Technology: Revolutionizing the Distribution “Middle” in P&C Insurance
Jun 20 2024 // This post is part of a series sponsored by Dyad. In the ever-evolving landscape of Property and Casualty (P&C) insurance, the distribution “middle”, comprised of intermediaries such as agents, brokers,...
Mubadala Proposal to Sell Insurtech Startup Wefox Opposed by Founders
Jun 14 2024 // Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders. The Abu Dhabi sovereign wealth...
Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey
Jun 13 2024 // More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway...
Reaching for the Clouds? Expect Some Turbulence: 3 Barriers to Adopting Cloud-Native Insurtech and 5 Best Practices to Ease the Transition
Jun 13 2024 // This post is part of a series sponsored by AgentSync. Nothing good comes easy, right? Turns out, overhauling your outdated technology in favor of more modern, cloud-native systems is no exception. In today’s digital...
10 Things You Could Be Spending Money On Instead of Maintaining Legacy Insurance Technology
Jun 11 2024 // This post is part of a series sponsored by AgentSync. The cost of legacy technology In 2023, companies in the financial services industry spent an average of 15 percent of their revenue on technology. Not only is that up...
Growing Reliance on Big Tech for AI Carries New Risks, Banks Say
Jun 7 2024 // The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said. Excitement around using artificial intelligence (AI)...
Markets/Coverages: MGA Nirvana Renews Media, Tech & Cyber Binder With Increased Media Liability Line
Jun 7 2024 // Nirvana, the London-based managing general agent and Lloyd’s coverholder, announced the renewal of its Media/Technology Errors & Omissions and Cyber (MTC) binding authority with an increased £/$/€10 million...
Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA
Jun 6 2024 // USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate...
Google Ad Tech Class Action Gets Go Ahead From London Judges
Jun 5 2024 // London judges ruled a class action lawsuit to proceed against Google potentially seeking billions of pounds in damages over allegations it abused its dominance in digital advertising. The UK’s Competition Appeal...
Markets/Coverages: Sompo Offers Tech Insurance Cover for UK Middle Market Clients
Jun 5 2024 // Sompo announced the launch of a new technology insurance product for middle market clients in the United Kingdom. The package includes coverages comprising property, casualty, professional indemnity (PI) and cyber. Excess...
National Alliance for Insurance Education & Research Partners with BrokerTech Ventures to Launch a Foundational Insurance for Insurtech Professionals Course
Jun 3 2024 // Austin, TX., June 3, 2024 – In an innovative move to bridge the knowledge gap in the rapidly evolving insurance/insurtech landscape, The National Alliance for Insurance Education & Research has partnered with...
Virginia Tech Firm Settles Allegations Over Whites-Only Job Listing
May 30 2024 // A northern Virginia tech company is paying $38,500 to settle claims that it discriminated by posting a job listing seeking white, U.S.-born candidates for an opening as a business analyst. The Justice Department announced...
Markets/Coverages: Ariel Green Expands Tech Performance Ins. Consortium at Lloyd’s
May 29 2024 // Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets...
Remote Work, Aging Tech Targeted by Canada Cybersecurity Plan
May 24 2024 // Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and...
