Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Program Business Revenue Increases 12% to $40.5B in 2018
Nov 5 2019 // Program business premium rose 12.2% in 2018, reaching $40.5 billion from $36 billion in 2016, according to The 2019 State of Program Business Study published by the Target Markets Program Administrators Association...
How a Culture of Change Helps Modernization Efforts
Nov 4 2019 // Technology and innovation have become competitive differentiators as the insurance industry evolves. Insurance companies are connecting with individuals in new ways and working toward providing personalized and innovative...
Quantemplate, Insurtech Provider of Cloud-Based Data Services, Raises $12M
Nov 1 2019 // Quantemplate, the provider of self-service, cloud-based automated data services for the re/insurance industry, raised more than $12 million in its latest funding round. Quantemplate said it plans to use the funding for...
Automakers Face Independents in Battle Over Car Tech Repair Aftermarket
Oct 31 2019 // The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age. Given the unprecedented...
Miami Specialty Risk Launches Lloyd’s-Backed Cyber, Technology E&O Facility
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
How Specialty Carriers Approach Product Innovation: Research, Repeat and Reuse
Oct 30 2019 // “The industry really does look to specialty writers to be at the forefront of innovation,” says Gail McGiffin. Specialty insurance carriers have a unique “toolset” that helps them grow through...
Give Technology Some Credit for Happier Auto Insurance Customers
Oct 28 2019 // Customer satisfaction with the auto claims process has apparently reached record levels, thanks in no small part to carrier investments in the technology that serves the process. The 2019 J.D. Power U.S. Auto Claims...
Insurtech Funding Reaches $4.4 Billion to Date in 2019, Blowing Past Full-Year 2018
Oct 25 2019 // Insurtech funding levels, reaching almost $4.4 billion in worldwide funding commitments through three quarters of the year, has already surpassed the 2018 full-year total, Willis Towers Watson announced...
China’s Ping An Insurance to Spend $22B on Tech, From AI to Blockchain
Oct 24 2019 // Ping An Insurance wants to be valued more like a technology company. Its executives have yet to convince investors their planned $22 billion spend on everything from artificial intelligence to blockchain will work. While...
After 100 Years in Business, JGS Insurance Has Learned to Embrace Change
Oct 23 2019 // “To improve is to change, so to be perfect is to have changed often.” This quote from Winston Churchill is hanging on the wall at the offices of Jacobson, Goldfarb & Scott Inc. (JGS Insurance). The Bell...
B3i’s Blockchain Re/Insurance Network Begins to Offer Real-Life Industry Solutions
Oct 22 2019 // The author Douglas Adams once said, “We are stuck with technology when what we really want is just stuff that works.” Many of us can relate, especially with new technology such as distributed ledger technology...
FTC’s Chopra Tells House Antitrust Panel Big Tech’s Data Practices Threaten Competition
Oct 21 2019 // U.S. technology companies sent tens of thousands of documents to the House committee investigating whether they’re using their dominance to thwart competition, as the panel looks to develop recommendations by next...
Reinsurers Take the Technology Lead
Oct 21 2019 // When it comes to innovation and utilization of emerging technologies in the insurance industry, reinsurance companies once led the way as early adopters of technology. But recently, the primary insurance sector has...
Female Entrepreneur Forging Path in Insurtech Space with AI-Powered Chatbot ‘LeO’
Oct 21 2019 // Like many people, entrepreneur and former Israeli tech journalist turned insurtech founder Liri Halperin never expected she would end up in the insurance business. But an insurance buying experience almost four years ago...
Technology Tools
Oct 21 2019 // Internet-of-Things (IoT) enabled technologies such as water leak and fire/heat detecting sensors are also useful and an area that has yet to reach its full potential, according Jack Volinski, senior vice president at...
Insurtechs Discovering the Value of Agents
Oct 21 2019 // Insurtechs have been making headlines for several years with how they are changing the insurance business and the threat they pose to traditional insurance distribution. But as these fledgling insurance technology firms...
A Modern Economy Demands Modern Protection: Advancing Liability Coverage into the Digital Age is Imperative — and Long Overdue
Oct 21 2019 // Liability insurance as we know it no longer suits a large fraction of today’s and tomorrow’s small-business owners. Brokers and insurers are at a crossroads on how to serve small businesses’ changing...
On-Demand Insurance to Play Major Role in Industry’s Future: IUA Research
Oct 18 2019 // On-demand insurance will play a fundamental role in the future of the industry, according to research published by the International Underwriting Association (IUA). Pay-as-you go models of cover will allow customers to...
Privacy Law Favored by Tech Firms Gains Support Among House Democrats
Oct 17 2019 // A group of more than 100 centrist Democratic House lawmakers is throwing its weight behind a privacy bill that has been praised by alliances of software and internet giants. The move is one of the first large-scale...
Bipartisan Group Calls for Pulling Internet Firms’ Liability Immunity
Oct 17 2019 // A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to replace the North...
