Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurtech Trov Now Selling in 7 Additional States and D.C.
Feb 21 2019 // Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan,...
Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund
Feb 20 2019 // European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a...
How Pricing Insurance for Cars of Future Could Bring Insurers, Carmakers Together
Feb 19 2019 // Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would...
Eating an Elephant: Tales from 9 Agency Start-Ups
Feb 18 2019 // What motivates people to take a risk in an industry dedicated to managing risk? New independent agencies are born of various circumstances. Sometimes it’s about seizing an opportunity that comes along; other times,...
Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia
Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...
Look Who Is Betting on the Agency System
Feb 15 2019 // According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting...
Mayor Establishes D.C. Financial Services Regulatory Sandbox, Innovation Council
Feb 14 2019 // District of Columbia Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council. The council is charged with studying and reporting on the feasibility of...
MS Amlin Launches Comprehensive All-Risks Policy for UK Tech Sector
Feb 14 2019 // MS Amlin, the specialist global re/insurer, has launched a comprehensive all-risks policy designed for the technology sector in the UK, which is called Technology Combined. The product provides companies with cover against...
Traffic Fatalities Again Top 40,000; Few Cars on Roads Have Latest Technology
Feb 13 2019 // Traffic fatalities on U.S. roads reached an estimated 40,000 in 2018, the third year in a row in which at least that many people died in vehicle crashes, according to new figures from the National Safety Council. The 2018...
Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs
Feb 13 2019 // Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range...
InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day
Feb 13 2019 // Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics...
Nationwide Invests in Core Systems Insurtech Start-Up Socotra
Feb 13 2019 // Nationwide’s latest venture capital investment is in a core technology start-up that promises to help insurers create new insurance products and get them to market faster and integrate more easily with future...
World’s Automakers Face Massive Disruption from Car Sharing Phenomenon
Feb 11 2019 // When Evgeny Barkov owned a car, the 31-year-old software salesman would often look out of his Moscow window at it with disgust. His possession sat unused more than 90 percent of time, while sucking up money and causing him...
Hartford InsurTech Hub Welcomes 2019 Cohort of Startups
Feb 8 2019 // Hartford InsurTech Hub, powered by Startupbootcamp, has welcomed its 2019 cohort of startups to Hartford, Conn. The chosen startups cover a range of abilities, from property insurance claims to peer-to-peer insurance (P2P)...
Microsoft’s Home State’s Facial Recognition Privacy Bill Could Be Model for Others
Feb 8 2019 // Two months after calling for laws to regulate facial-recognition software, Microsoft Corp. is lobbying on behalf of a first-of-its-kind bill in its home state of Washington. The question is whether cross-town rival...
Artificial Intelligence Startups Win Zurich’s 1st Global Insurtech Competition
Feb 8 2019 // Zurich Insurance Group announced that the gold and silver winners for its first global insurtech competition were startups that have developed artificial intelligence-based solutions. Toronto-based Chisel AI was the gold...
Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO
Feb 6 2019 // Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at...
UK Online Grocer Ocado Warns of Sales Hit from Fire at Robotic Distribution Center
Feb 6 2019 // A huge fire at Ocado’s flagship robotic distribution center will hit sales growth, the British online supermarket pioneer warned on Wednesday, sending its shares sharply lower. Around 20 fire engines and 200...
Insurtech CoverHound Raises $58 Million to Drive Cyber Unit, Open North Carolina Office
Feb 5 2019 // Digital property/casualty insurance platform CoverHound announced it has raised a $58 million Series D funding round. Global specialist insurer Hiscox led the round, along with additional investors including Chubb, Aflac...
Swiss Re Partners with Insurtech Firm OZON, Offering Cyber Risk Solution in France
Feb 5 2019 // Swiss Re Corporate Solutions is expanding its cyber offering by launching CyberSolution 360°, a risk management solution that combines insurance with cyber attack protection services. Developed in the exclusive...
