Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
UK Insurtech Zego Partners with 2 Independent Broker Networks to Expand Fleet Offering
Oct 2 2020 // London-based insurtech Zego has partnered with two of the UK’s biggest networks of independent brokers that sit within Bravo Group. Zego will benefit from access to a community of over 700 brokers, more than 60% of...
COVID-Sniffing Robots Promise Fast Testing Alternative
Oct 2 2020 // A biotechnology startup called Koniku is trying to develop robots that could sniff out Covid-19 infections faster than conventional testing. The technology fuses neurons with a silicon chip to create a “smell...
Sirius Restructures Management of Global Business Technology Team
Oct 1 2020 // Sirius International Insurance Group Ltd. announced that it has enhanced its Global Business Technology (GBT) team through the restructuring of its global management structure. This expansion will enable the firm to...
CaseGlide of Florida Adds Russ Smith as Chief Technology Officer
Sep 30 2020 // CaseGlide, LLC, a provider of claims litigation management software for claims organizations, has added Russ Smith as chief technology officer (CTO). A software industry veteran of more than two decades, Smith comes to St....
Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln
Sep 30 2020 // Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or...
Private Equity Firm Hg Invests in Hyperion in Transaction Valued at US$5 Billion
Sep 30 2020 // Hg, the European private equity investor focused on software and service businesses, announced it will make a significant long-term equity investment in Hyperion Insurance Group Ltd., the insurance intermediary. The...
Envelop Risk Paves the Way as Insurtech Reinsurance MGA
Sep 29 2020 // Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits. “We think we’re the only insurtech firm involved in cyber...
Major U.S. Tech Firms Look to Be Ignoring Europe’s Data Privacy Rules
Sep 28 2020 // Technology firms’ compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey of companies including Facebook...
Texas Software Provider to Local Governments Reports Data Breach
Sep 25 2020 // A Texas-based provider of software services to local governments and schools across the United States, Tyler Technologies, told customers on Sept. 23 that an unknown intruder broke into its phone and information technology...
Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade
Sep 24 2020 // Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the...
As Wildfires Spread, Public Safety Tech Startups Lack Venture Capitalists’ Backing
Sep 24 2020 // Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke. Winnacker, a...
Home Insurtech MGA Hippo, Topa Insurance End Their 3-Year Partnership
Sep 23 2020 // Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, a technology-driven managing general agency offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move...
Startups Developing Technologies to Clean Air in Workplaces of Coronavirus
Sep 21 2020 // Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking...
Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion
Sep 20 2020 // Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to...
InsureTech Connect Delays Virtual Conference Until October for Networking Signups
Sep 18 2020 // Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will...
Foresight’s Tech-Driven Workers Compensation Program Breaks New Ground
Sep 15 2020 // Foresight is now appointing a group of founding broker partners focusing on hazardous verticals in the middle market San Francisco, CA, September 15, 2020 – Foresight, a commercial insurtech MGU with carriers rated...
Triple Threat: Carrier-Insurtech-Agency Partnerships Can Transform Commercial Lines
Sep 14 2020 // COVID-19 has changed many things in the insurance industry. Seemingly overnight everyone is working from home and the companies with the best digital customer experiences have the advantage. Yet, commercial lines insurance...
China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative
Sep 10 2020 // China has launched an initiative to address global data security issues, a countermove to the U.S. “clean network” program that is aimed at discouraging other countries from using Chinese technology. Foreign...
Electric Storage Explosion Highlights Danger of a Growing Technology
Sep 7 2020 // An investigation into the cause of an explosion at an Arizona energy storage facility that injured four firefighters confirms what engineers had feared: Packing lithium-ion batteries tightly together can spark a chain...
Indonesia’s PasarPolis Insurtech Raises $54 Million
Sep 2 2020 // The Indonesian digital insurance agency PasarPolis said it raised $54 million in a Series B funding round, in what it said is the largest Series B funding for an insurtech firm in the region. The company said the investors...
