Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Hamilton Appoints Krishnamoorthy to Newly Created Role of Chief Technology Officer
Jul 18 2019 // Hamilton Insurance Group Ltd. announced that Venkat Krishnamoorthy has been appointed to the newly established position of chief technology officer. Reporting to Group CEO Pina Albo, Krishnamoorthy will be responsible for...
CFC Adds Range of Risk Management Services to Tech Insurance Offering
Jul 17 2019 // Specialist insurance provider CFC Underwriting has added a range of free risk management services to its insurance offering for technology companies. CFC, which is a London-based managing general agent, said it has teamed...
Financial World’s Blockchain Euphoria Gives Way to Pragmatism as Projects Stall
Jul 17 2019 // Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a...
House Democrats Eye Possible Ban on Big Tech Firms Offering Financial Services
Jul 15 2019 // A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services...
Insurtech Firms Continue to Grapple With Data Ownership
Jul 15 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
IBM Joins Call to Trim Liability Shield for Google, Facebook, Other Internet Platforms
Jul 11 2019 // International Business Machines Corp. on Wednesday threw its support behind enacting a new policy to limit liability protections enjoyed by internet platforms such as Alphabet Inc.’s Google, Twitter Inc. and Facebook...
Pushing and Pulling Lloyd’s Into the 21st Century
Jul 10 2019 // Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked...
Nationwide Offers Independent Agents a Commercial Insurance Digital Storefront
Jul 9 2019 // Giant insurer Nationwide is partnering with an insurtech in an effort to speed up its product underwriting for commercial lines property/casualty agents. The technology Nationwide is deploying was developed by Ohio-based...
Brit Global Adds AIG, NAS Cyber Specialists to U.S. Cyber & Technology Practice
Jul 8 2019 // James Patterson and Ryan Mimmo have been appointed vice presidents of Cyber & Technology for Brit Global Specialty USA. They are based in San Francisco and New York, respectively, and are responsible for underwriting...
30% of Disaster Claims Settled After Desk Audit Using Munich Re Remote Tool, Images
Jul 1 2019 // Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims...
Aon, Insurtech Startup Etherisc Launch Blockchain-Based Agriculture Insurance
Jul 1 2019 // Aon plc has partnered with anti-poverty organization Oxfam and insurtech startup Etherisc to launch a blockchain-based platform that provides agriculture insurance for smallholder farmers in Sri Lanka. Nearly 200 Sri...
Technology Expected to Aid Drivers in Arizona Dust Storms
Jul 1 2019 // With Arizona’s monsoon season quickly approaching, state transportation planners plan to begin installing a new dust-detection system on Interstate 10. The Arizona Department of Transportation recorded 85...
Preparing for the Unpredictable Talent Considerations for CAT Season
Jul 1 2019 // The combined global losses from natural disasters in 2017 and 2018 were the highest ever for a two-year period. While no single major catastrophe caused massive destruction in 2018, nearly 400 smaller natural disasters...
Insurance Agents Have Come to Embrace Insurtech. When Will Carriers?
Jul 1 2019 // There used to be a time when independent insurance agents were wary of what disruption insurtech might bring. They feared a future where all insurance transactions were done digitally — eliminating the need for the...
Senators Eye Making Tech Giants Reveal How Much Customers’ Data Is Worth
Jun 26 2019 // As Congress bears down on big tech companies, two senators want to force giants like Google, Facebook and Amazon to tell users what data they’re collecting from them and how much it’s worth. The legislation...
Data-Driven Insurance Future Clouded by Data Ownership Uncertainty
Jun 26 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
Kentucky Looks to Encourage Insurtech Investments Through Regulatory ‘Sandbox’
Jun 26 2019 // The Kentucky Legislature has passed the first state law in the U.S. providing comprehensive framework for an insurance regulatory “sandbox” for insurance technology products. The new regulatory sandbox, which...
Technology Expected to Aid Drivers in Arizona Dust Storms
Jun 24 2019 // With Arizona’s monsoon season quickly approaching, state transportation planners plan to begin installing a new dust-detection system on Interstate 10. The Arizona Department of Transportation recorded 85...
Argo Deploys Insurtech Platform from AVYST to Streamline Risk Submissions
Jun 21 2019 // Argo Group International Holdings, the Bermuda-based specialty re/insurer, has adopted an insurtech platform that enables managing general agents, wholesalers and independent brokers to submit, quote and bind risks...
What to Expect in Agency Technology
Jun 21 2019 // To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
