Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
The Promise of Insurtech
Jun 19 2017 // Disruptive technology is poised to shake up our industry. Following tectonic plate shifts in publishing, finance, investing, telecommunications, recorded music, information technology, retail, and even ride hailing...
Blockchain Firm Bitfury Teams with Insurance Broker Risk Cooperative
Jun 16 2017 // Blockhain technology company The Bitfury Group said it is partnering with the Washington, D.C. insurance advisory and brokerage firm Risk Cooperative to pioneer blockchain applications in the $60 billion insurance...
Startup Decisely: Insurtech ‘For Brokers, By Brokers’ Targets Small Business Benefits
Jun 16 2017 // Some see insurtech as the enemy. Others see it as a sign of things to come. Then there’s EPIC Insurance Brokers & Consultants, which is clearly embracing the insurtech craze while soliciting brokers to join...
Uber’s Plans for Trucking Industry Hit Detours
Jun 16 2017 // Uber Technologies Inc.’s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling...
Shipping Losses Fall to Lowest in 10 Years as Technology Drives Safety
Jun 13 2017 // Large shipping losses have declined by 50 percent over the past decade and last year saw the lowest number of losses in the past 10 years. The favorable loss trend has been largely driven by improved safety, according to...
Most Car Makers in No Rush to Make Automatic Braking Standard Equipment
Jun 12 2017 // Big automakers are rushing to launch self-driving cars as early as 2021, but the industry’s major players are moving slowly when it comes to widespread deployment of a less expensive crash prevention technology that...
Corporate Venture Arm of CNP Assurance Leads Investment in Blockchain Startup
Jun 9 2017 // U.S. exchange group Nasdaq Inc has joined a 7 million-euro ($7.9 million) investment round in Stratumn, which helps companies develop applications using blockchain technology, the Paris-based startup said on Thursday [June...
Autonomous Cargo Ships Expected to Revolutionize (Disrupt) Shipping
Jun 8 2017 // BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334...
What Is Blockchain and How Does It Work?
Jun 7 2017 // First of Two Articles While everyone talks about blockchain, also known as mutual distributed ledger technology, just a few people actually know what this technology can do and how it could someday revolutionize the...
Fort Worth’s InsureZone Adds Surplus Lines Rating Technology
Jun 5 2017 // Fort Worth-based InsureZone announced the release of MGA Pro, which can provide real-time surplus lines rating from 25 carriers. InsureZone purchased MGA Pro in 2016 in order to add surplus lines rating to its suite of...
InsurLab Germany Launched in Cologne to Promote Insurtech Innovation
Jun 5 2017 // InsurLab Germany, a digital hub for the insurance and reinsurance industry, has been launched in Cologne to promote digital innovation in the industry. There are eight founding insurance companies: AXA, Barmenia, Debeka,...
Willis Towers Watson, Tech Firm Roost to Form Home Telematics Testing Consortium
May 31 2017 // Global insurance consultant Willis Towers Watson is partnering with technology firm Roost to establish a claims data sharing consortium to help insurers test the effectiveness of water and fire smart home technologies. The...
High Agency Valuations ‘Not a Fad,’ MarshBerry Exec Tells Conference
May 31 2017 // Valuations of insurance agencies are as high as they have ever been and there does not appear to be any lessening of interest among suitors, according to an industry mergers-and-acquisitions (M&A) consultant. John...
Munich Re, Aviva Ventures Invest in UK Connected Home Insurer Neos
May 30 2017 // Neos, a UK connected home insurer, announced last week it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. The strategic investment...
Toyota, MIT Lab Eye Using Blockchain in Insurance Rating of Driverless and Shared Vehicles
May 23 2017 // The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless cars. TRI is collaborating with the MIT Media Lab and other industry partners...
UK Insurer Ageas Uses Artificial Intelligence to Manage Motor Claims
May 19 2017 // UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable. In what it describes as “a first” for the UK market, Ageas...
How Autonomous Vehicles Will Grow Auto Insurance Before Shrinking It
May 19 2017 // Insurance coverage for autonomous vehicles will bring $81 billion in new premiums to the insurance industry over the next eight years, according to a report from Accenture and Stevens Institute of Technology. These...
New CEO Duperreault Interested in Growing AIG, Not Splitting It
May 16 2017 // American International Group’s President and CEO Brian Duperreault began his first full day in his new job repudiating the idea of splitting the insurer into pieces and simply returning money back to...
AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune
May 15 2017 // American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the...
Autonomous Vehicle Testing to Begin in New York State
May 15 2017 // New York Governor Andrew M. Cuomo has announced that New York is now accepting applications from companies interested in testing or demonstrating autonomous vehicles on public roads. Included in the fiscal year 2018...
