Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
JZZ Tech Acquires Florida-Based Beacon Insurance Solutions
Oct 1 2021 // JZZ Technologies Inc. has acquired Florida-based Beacon Insurance Solutions, part of its continuing effort to reach the senior adult market with insurance and other services, the companies announced. “Following this...
Connected Motor Insurtech Ticker and Abacai Partner to Raise Capacity, Expand Offering
Sep 29 2021 // UK connected motor insurtech Ticker and Abacai Group have partnered to increase Ticker’s capacity and introduce new levels of pricing sophistication, bringing connected insurance to a much wider market. Founded in...
Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion
Sep 28 2021 // Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings...
Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage
Sep 27 2021 // Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder...
People Moves: Beazley Promotes Turk to Head of Strategy; Everest Hires Chubb’s McBride as Head of Claims; Pen Names Hiscox’s Dixon as Head of Tech
Sep 22 2021 // This edition of International People Moves details promotions and appointments at three insurers: Beazley, Everest Insurance and MGA Pen Underwriting. A summary of these new hires follows here. Beazley Promotes Turk as...
Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI
Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...
Cyber Insurtech BOXX Raises US$10M From Zurich Insurance and 2 Other Investors
Sep 22 2021 // BOXX, the Toronto-based cyber insurer for small businesses, individuals and families, announced it has closed its oversubscribed US$10 million (C$12.7 million) Series A-round in a bid to accelerate growth and expand its...
Insurtech bolttech Extends Funding Round to $210M, Adding 2 New Investors
Sep 21 2021 // Insurtech startup bolttech announced the extension of its recently announced US$180 million Series A funding round led by Activant Capital Group, bringing the series total to US$210 million. The funding round adds two new...
Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada
Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital...
Tech and Teen Drivers
Sep 20 2021 // As an insurance journalist and a parent with a 16-year-old son, soon to be on the roads, I know all too well the dangers that lie ahead when it comes to driving behavior. So much so I’m often advocating that he...
Teen Drivers Might Benefit Most From Assisted Driving Technology: IIHS
Sep 9 2021 // Crash avoidance features and teen-specific vehicle technologies have the potential to prevent or mitigate up to three-quarters of fatal crashes involving teen drivers, a study by the Insurance Institute for Highway Safety...
Russia’s Tech Giant Yandex Says It Repelled Biggest DDoS Attack in History
Sep 9 2021 // MOSCOW — A cyber attack on Russian tech giant Yandex’s servers in August and September was the largest known distributed denial-of-service (DDoS) attack in the history of the internet, the company said on...
World’s Largest Carbon Capturing Technology Plant Starts in Iceland
Sep 8 2021 // The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said. Swiss start-up...
INSIGHT: How Big Tech Ethics Panels Are Putting Brakes on AI
Sep 8 2021 // In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to. It turned down the client’s idea after weeks of internal discussions,...
Marshmallow, Black-Founded Insurtech, Is Now a Unicorn
Sep 8 2021 // Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on Wednesday. The early-stage...
White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity
Sep 6 2021 // The U.S. government in late August said it would work with the industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...
AM Best Assigns ‘Excellent’ Ratings to Insurtech Next Insurance
Sep 3 2021 // AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook...
White House, Big Tech, Insurers Vow to ‘Raise the Bar’ on Cybersecurity
Aug 26 2021 // The U.S. government on Wednesday said it would work with industry to hammer out new guidelines to improve the security of the technology supply chain, as President Joe Biden appealed to private sector executives to...
People Moves: Insurtech Joyn Adds Schoberth; Chubb’s Lubin Joins Crum & Forster; TransRe Promotes O’Gwen; AXA XL’s Klimczak Moves to U.S.
Aug 25 2021 // Insurtech Joyn Adds Schoberth as Chief Distribution Officer Insurance technology company Joyn Insurance announced the addition of Uwe Schoberth as chief distribution officer. The role will focus on developing broker...
Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance in Europe
Aug 25 2021 // ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany. The product is designed to cover...
