Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
EU Mulls New Unit With Antitrust Veterans to Enforce Tech Rules
Jul 28 2022 // The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter...
Insurtech Funding Levels Hold Steady in Q2 vs. Q1: CB Insights
Jul 26 2022 // Funding for the insurtech sector held steady in the second-quarter of 2022, coming in at roughly $2.4 billion, the same as the overall funding figure recorded for first-quarter 2022, according to data released by CB...
Lawsuit: Chicago Police Misused Gunshot Detection Technology in Murder Case
Jul 25 2022 // A federal lawsuit filed last Thursday alleges Chicago police misused “unreliable” gunshot detection technology and failed to pursue other leads in investigating a grandfather from the city’s South Side...
Insurance Technology: Zurich Adds Workplace Culture Tool; DriverPremium App Transforms Phone; Kenzen Develops Heat Wearable
Jul 21 2022 // Zurich Resilience Solutions Combats Toxic Work Culture Zurich Resilience Solutions (ZRS) in North America is now offering customers a platform that can help them combat toxic work cultures and improve employee...
NEXT, Thimble Latest Insurtechs to Announce Layoffs This Year
Jul 20 2022 // NEXT Insurance and Thimble are the latest insurtechs to lay off part of their workforce this year, with NEXT citing challenging economic conditions and both insurtechs pointing to an increased focus on profitability. NEXT...
Program Data Insurtech Noldor Raises $10M
Jul 18 2022 // New York-based Noldor, said it recently closed on a $10 million seed funding round from a group of well-established insurance investors. According to CEO John Horneff, Noldor’s seed funding positions the company for...
Scrutiny of Alibaba in Record Cyber Breach May Ensnare All China Tech
Jul 15 2022 // Questions surrounding Alibaba Group Holding Ltd.’s role in China’s largest known cybersecurity breach may fuel Beijing’s resolve to clamp down on domestic tech giants and accelerate a move away from their...
German Insurtech wefox Raises $400M, Increasing Valuation to $4.5B
Jul 12 2022 // Berlin insurtech wefox reports it has closed a Series D funding round of US$400 million and increased its valuation to US$4.5 billion. The round included both equity and debt. Abu Dhabi sovereign investor Mubadala...
Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab
Jul 8 2022 // InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents. The program...
Tech Giants Brace for Legal Mess of Abortion Data Subpoenas
Jul 8 2022 // Technology giants including Apple Inc., Microsoft Corp. and Google, facing questions about whether they’d hand over users’ personal data to authorities pursuing evidence on abortion seekers, are bracing for the...
EU Lawmakers Pass Landmark Rules to Rein In Tech Giants, but Enforcement a Concern
Jul 6 2022 // EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet unit Google, Amazon, Apple, Facebook and Microsoft, but enforcement could be hampered by regulators’ limited...
UK Travel Insurance Policies May Not Cover Flight Disruptions Due to Strikes: Report
Jul 6 2022 // Insurance may not save you from summer travel misery. Four in 10 policies don’t protect against strikes, the UK consumer watchdog Which? reported in its annual review. If your airline goes bankrupt, only half will...
Insurance Technology: OneShield Adds Betterview Analytics; Novidea Takes Certificates of Insurance Digital; Verisk Claims Integrates IMGING Data
Jul 5 2022 // Betterview Analytics Now Offered via OneShield Property data firm Betterview, which serves property/casualty insurance companies, is now partnering with core system provider, OneShield Software, to make the its property...
Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition
Jul 4 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. Lori Bailey “We’re all trying to...
Quantum Computing, Lower Construction Quality, Legal Tech Seen as Emerging Risks: Swiss Re
Jul 4 2022 // The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers...
New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology
Jul 1 2022 // The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers,...
ReSource Pro Acquires Commercial Lines Technology Platform towerIQ
Jun 30 2022 // Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused technology platform designed to streamline workflows and capture market...
People Moves: BMS Promotes Gormley to UK CEO; Schepers Named Head of WTW Insurance Consulting and Technology as Underwood Retires
Jun 29 2022 // This edition of International People Moves details appointments at the brokers BMS and Willis Towers Watson (WTW). A summary of these new hires follows here. BMS Promotes Gormley to UK CEO BMS, the London-based independent...
Don’t Count Out Insurtech Disrupters, Carrier CEOs Say
Jun 29 2022 // Insurtechs bent on disrupting the insurance industry haven’t succeeded so far, but a future wave of insurtechs might emerge to accomplish a similar goal, carrier executives said recently. Speaking at the 38th Annual...
Cyber Insurtechs and Insurers ‘In This Together,’ Not in Competition
Jun 24 2022 // Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. “We’re all trying to solve the same...
