Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion
Jun 18 2021 // Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will accelerate Akur8’s...
USAA to Acquire Insurtech Noblr to Offer Its Members Usage-Based Auto Coverage
Jun 16 2021 // Insurer USAA is buying Noblr, an insurtech digital insurer offering behavior-based auto insurance. USAA, a Texas-based insurer focused on members of the U.S. military and their families, said the acquisition will help make...
Hackers Only Needed a Single Password to Disrupt Colonial Pipeline, CEO Testifies
Jun 9 2021 // The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month’s cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system...
50 Investors Urge Ethical Development of Facial Recognition Technology
Jun 8 2021 // A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way. The...
German Insurtech ELEMENT Raises $19.5M to Continue Growth
Jun 7 2021 // ELEMENT, the Berlin-based white-label provider of digital insurance solutions, has raised €16 million (US$19.5 million), in additional investment from existing and new investors. The additional capital will be used to...
German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B
Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The...
New Insurtech Advisor Insurance to Target Risks of Wealth Managers
May 28 2021 // K2 Placements and Wealth Advisor Growth Network (WAGN) have partnered on an insurtech platform for wealth managers buying business insurance to protect their firms. The new platform, Advisor Insurance, was designed to...
Patra Expands Leadership Team to Advance Technology-Enabled Services for the Insurance Industry
May 27 2021 // Matt Hewitt joins the leading insurance services provider as Corporate Development Officer. EL DORADO HILLS, Calif., May 27, 2021 – Patra, a leading provider of technology-enabled services for the insurance industry,...
Technology Upgrades Follow Cyberattack on Alaska Courts
May 26 2021 // The Alaska court system said it is taking steps aimed at avoiding future cyberattacks, such as upgrading software and “investing in technology that can better protect our systems from intrusion.” The court...
How 3D Technology is Deepening Claims Efficiency in Insurance
May 26 2021 // Powered by InsuranceJournal.tv The use of 3D technology has been a topic of discussion in insurance for years, but for an industry that is historically slow to adopt technological change, its impact has not yet been as...
Ransomware Attack Still Disrupting IT Systems of New Zealand Hospitals
May 26 2021 // Systems are still down a week after a ransomware attack disrupted the IT network of five hospitals in the New Zealand district of Waikato, and concerns remain that private patient information may have been...
HSB Adds Coverages for Smart Farm Technology, Equipment
May 26 2021 // HSB, part of Munich Re. has launched HSB Precision Ag insurance, a suite of coverages for evolving farm data risks, technology and state-of-the-art equipment. Designed for large commercial enterprises and smaller family...
Swedish Tech Start-up Haidrun Launches Blockchain Platform Targeted at Re/Insurers
May 25 2021 // Swedish tech start-up Haidrun has launched an enterprise blockchain platform targeted at insurers and reinsurers. Haidrun’s private blockchain platform eliminates suspicious and duplicate transactions by securely and...
Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford
May 25 2021 // Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies. The new offering, MarketTrends, helps agencies identify coverage...
Tesla Memo Says Fully Driverless Technology May Not Be Ready for Prime Time This Year
May 10 2021 // Tesla Inc. told a California regulator that it may not achieve full self-driving technology by the end of this year, a memo by the California Department of Motor Vehicles (DMV) showed. Tesla CEO Elon Musk said during an...
People Moves: Hippo in California Adds Numerous Technology Leaders
May 7 2021 // Hippo in Palo Alto, Calif. has added new leadership to its technology team led by Chief Technology Officer Ran Harpaz. The newly appointed technology leaders will be responsible for expanding and enhancing the delivery of...
China Insurtech Waterdrop Raises $360M in New York IPO: Reuters
May 7 2021 // Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the...
Insurance, Tech Stocks Outpacing Insurtechs in 2021: HSCM Index
May 4 2021 // Stock prices of 18 U.S. insurtechs that went public in the last decade soared as a group in 2020. But so far in 2021, large non-insurance technology companies and traditional insurance stocks both outperformed the...
Chinese Insurtech Waterdrop Seeks $360M in New York IPO
May 3 2021 // HONG KONG — Chinese online insurance technology firm Waterdrop Inc. aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed by...
Milwaukee Area Water Technology Facility Faces $234K in OSHA Penalties
Apr 30 2021 // Federal workplace safety officials have cited a water technology company after an employee was injured when a guardrail loosened and he fell and struck his head on a support beam as he lowered himself into a nearly 30-foot...
