Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurtech Zego Partners with E-Scooter Firm, Ginger, to Insure 1st UK E-Scooter Trial
Jul 28 2020 // London-based insurtech Zego has partnered with e-scooter company, Ginger, to provide insurance for the UK’s first ever e-scooter trial, which has just launched in the Tees Valley, a city region in the north east of...
Sapiens International Corporation Enters Agreement to Acquire Delphi Technology
Jul 28 2020 // Sapiens International Corporation, a global provider of software solutions for the insurance industry, has entered into a definitive agreement to acquire Delphi Technology Inc. (Delphi), a Boston, Mass.-headquartered...
Insurtech Fundraising Rises in Q2 with $1.6 Billion Invested
Jul 28 2020 // Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtech firms raised $1.56 billion during the second quarter. The total, up 71% over Q1, was driven in part by...
Sapiens Acquires Delphi Technology
Jul 27 2020 // Insurance software provider Sapiens International Corp. has agreed to acquire Delphi Technology Inc., a software vendor focused on the medical professional liability insurance carrier markets. The total consideration is up...
Half of Insurance Agencies Lack a Digital Strategy, Applied Systems Survey Finds
Jul 23 2020 // A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy in place, with larger firms more likely than smaller to have one. That’s according to...
Home Insurance Insurtech Hippo Raises $150M as It Readies for IPO in 2021
Jul 21 2020 // Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round. The Palo Alto, California-based startup is valued in the...
UK Insurtech Startup battleface Offers COVID-19 Travel Insurance Package
Jul 21 2020 // Travel insurance provider battleface announced a new COVID-19 travel insurance package. The new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries...
The Value of Agency Data and Who Owns It
Jul 20 2020 // Independent agencies, like every other business, are living in a data-driven world. The value of data — including how and when it’s used and for what purpose — continues to evolve. As the value of data to...
Big InsurTech Connect Conference Moves From Vegas to Virtual
Jul 17 2020 // A surge in COVID-19 cases is forcing InsureTech Connect – one of the world’s largest insurance technology conferences – to go fully digital for its annual fall gathering. ITC has scheduled ITC World Tour, a...
Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz
Jul 16 2020 // Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%, according to a report published by Allianz Global Corporate & Specialty (AGCS). However, the...
Profit-Driven Automakers Race to Next Level of Not Quite Self-Driving Cars
Jul 15 2020 // Autopilot, ProPilot, CoPilot: Automakers have many names for new systems that allow for hands-free driving, but no safety or performance standards to follow as they roll out the most significant changes to vehicle...
Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team
Jul 14 2020 // Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier...
Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform
Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...
Lloyd’s Innovation Accelerator Focuses on COVID-19 Market Response with 3 Insurtechs
Jul 8 2020 // Lloyd’s has started work with three insurtech startups to help the market respond to the COVID-19 pandemic. As part of its package of measures to respond to the COVID-19 pandemic, Lloyd’s has expanded the...
UK-Based Tech Platform Xchanging Hit by Ransomware Attack
Jul 6 2020 // DXC Technology announced that certain systems of its subsidiary, Xchanging, have experienced a ransomware attack. Xchanging is primarily an insurance managed services business that operates on a standalone basis. Tysons,...
Maryland Insurance Commissioner Birrane Sees State as Leader in Tech Innovation
Jul 2 2020 // Maryland Insurance Commissioner Kathleen Birrane has been in her new role for nearly two months, and she already has big plans for the state to establish itself as a leader in the tech space. “I’d like to see...
Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California
Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...
Cybersecurity Firm Exposes Chinese Tax Software’s Malware That Endangers Networks
Jun 26 2020 // When a U.K.-based technology vendor started doing business in China, it hired a cybersecurity firm to proactively hunt for any digital threats that could arise as part of doing business in the country. The firm discovered...
Senators Propose ‘Scalpel, Rather Than Jackhammer’ to Reform Internet Liability
Jun 25 2020 // Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their users post. The...
Beazley Launches Contingency Policy Covering Virtual Event Organizers
Jun 22 2020 // Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The insurer acknowledged that streaming live events is not...
