Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurance Technology: Agents and Multi-Factor Authentication; TA Invests in Insurity Again; GCube Touts AI in Renewable Energy
Nov 15 2021 // ID Federation Offers Multi-Factor Authentication Resource for Agencies Insurance carriers and their agency partners face a “gathering storm” of confusing requirements and changes in the area of multi-factor...
Insurtechs Hope NC Sandbox Will Ease Regulations for Innovations
Nov 15 2021 // Until now, it has been practically verboten for insurers in many states to offer policyholders a free fitness tracker, such as a FitBit, or even wearable sniffers for factory workers to help detect toxic gases. The...
Big Tech Data Centers Generate Concern Over Scarce Western Water
Nov 15 2021 // Conflicts over water are as old as history itself, but the massive Google data centers on the edge of this Oregon town on the Columbia River represent an emerging 21st century concern. Now a critical part of modern...
Insurtech Funding on Track for New Record After Hitting $5.3B in Q3
Nov 12 2021 // Insurtechs continue to attract significant investor cash, pulling in a near-record $5.3 billion for the 2021 third quarter, representing a total of 472 deals. U.S. companies nailed down most of the cash, according to a...
Insurtech Arbol Launches Bermuda MGU, Focusing on Parametric Reinsurance
Nov 10 2021 // Arbol Inc., a New York City-based insurtech platform for parametric protection products, announced the launch of Arbol Underwriters Ltd. (AUL), a registered insurance agent based in Bermuda, which is focused on providing...
Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs
Nov 9 2021 // Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New...
Reinsurance Pricing Technology That Works During Hard and Soft Markets
Nov 9 2021 // Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works best in a soft market, when there’s a lot of competition and...
Chaucer, Parametric Insurtech Yokahu Offer Product to Cut Caribbean Protection Gap
Nov 8 2021 // Chaucer, the London-based specialty re/insurance group, and parametric insurtech startup, Yokahu, are launching a new microinsurance product, which will provide cover for hurricane events in the Caribbean. This new...
Is Your “Tech Stack” a Spreadsheet? Three Reasons to Invest in Insurtech Now
Nov 8 2021 // This post is part of a series sponsored by AgentSync. The insurance industry has been around for thousands of years. But that’s no reason your agency should still be operating like it’s 1916! One of the...
Insurtech Startup With Claims Monitoring Platform Raises $30M
Nov 4 2021 // Insurtech startup owl.co Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company’s machine...
Insurtech Lemonade Enters ‘Green’ Auto Insurance Business
Nov 3 2021 // Home, renters and pet insurer Lemonade is deploying its artificial intelligence, behavioral economics and social good mantra with its newest product, Lemonade Car. Lemonade Car is designed to offer better auto insurance...
Orion180 Expands Home Insurtech Model Into Georgia, South Carolina
Nov 3 2021 // Orion 180, a homeowners’ insurtech company, has expanded into Georgia and will soon move into South Carolina, the company said this week. Orion, based in Melbourne, Florida, uses technology to allow homeowners to...
WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer
Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer...
Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts
Nov 2 2021 // Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by...
Searching for Realistic Ideas That Could Help Tame Big Tech
Nov 2 2021 // Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry? Those ideas...
Aquiline Capital Partners to Acquire Majority Stake in UK Insurtech Ripe Thinking
Nov 1 2021 // Ripe Thinking Ltd., a UK-based digital underwriting and insurance distribution platform, is pleased to announce that it has entered into a definitive agreement for Aquiline Capital Partners LLC to acquire a majority stake...
Ohio Insurtech Coterie Insurance Raises $50M
Oct 29 2021 // Cincinnati, Ohio-based insurtech company Coterie Insurance, which specializes in commercial insurance, has completed a $50 million series Series B financing round, totaling $75 million raised since its founding in...
Big Tech Data Centers Generate Concern Over Scarce Western Water
Oct 27 2021 // Conflicts over water are as old as history itself, but the massive Google data centers on the edge of this Oregon town on the Columbia River represent an emerging 21st century concern. Now a critical part of modern...
Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises
Oct 27 2021 // While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused on a relatively few startups. For example, in the second quarter, more than two-thirds of...
Guy Carpenter Launches Global Insurtech Center of Excellence
Oct 22 2021 // Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance...
