Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
P/C Insurance Firms Lead as Global Insurtech Investment Soars to $2.55B in Q1
Apr 28 2021 // Global investment in the insurtech sector reached a new quarterly high of US$2.55 billion during the first quarter of 2021. The number of mega-rounds reached eight, more than any other three-month period, according to the...
People Moves: Topa in California Names Torio Director of Tech, Resilience Names Reed EVP
Apr 28 2021 // Topa Insurance Co. has named Paul Torio director of technology. Torio is responsible for developing and delivering solutions across Topa’s technology infrastructure in support of business goals. He has worked at Topa...
How Tech Firms From Amazon to YouTube Ban Users for Off-Site Behavior
Apr 27 2021 // Earlier this month, Twitch announced it would start banning users for behavior away from its site. The move by Amazon Inc.’s live-streaming platform involved hiring a law firm to conduct investigations into...
Tech Firm Luminar, Planemaker Airbus Partner to Test Autonomous Flights
Apr 26 2021 // Luminar Technologies Inc. said on Monday it would partner with Airbus SE to test technologies which could increase aircraft safety and ultimately enable an autonomous flight with obstacle detection. The two companies will...
London’s NuVenture to Support MGAs with Funding,Technology
Apr 26 2021 // A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology. NuVenture International Ltd., formed by...
Insurance Technology: Bold Penguin and Thimble, Vertafore and Nationwide, eMaxx
Apr 22 2021 // Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx …. Insurtech Bold Penguin is making it easier for agents and small business customers to...
Businesses Turned to Risk Management Technology More During Pandemic
Apr 21 2021 // Driven by the COVID-19 pandemic, businesses and public entities increased their reliance on risk management technologies, as vendors expanded their offerings to meet their needs. A survey of 1,100 risk professionals found...
Insurers Warn that Drivers May Not Understand Limits of ‘Automated’ Car Technology
Apr 21 2021 // LONDON – Britain’s goal to be a leader in adopting self-driving cars could backfire unless automakers and government regulators spell out the current limitations of the technology, insurance companies...
Tech Provider FintechOS Raises US$60M to Fuel Global Expansion
Apr 21 2021 // FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51 million) in Series B funding. The round was led by venture capital...
People Moves: INSUREtrust Hires Ye, Yarbrough; Engle Martin Picks Stewart as COO; Oakbridge Adds Mahler as VP of Technology
Apr 19 2021 // INSUREtrust Hires Le, Yarbrough Beveryly Le Atlanta-based INSUREtrust has hired Beveryly Le as an account manager. She will be responsible for developing and maintaining relationships with clients. Kyle...
Tech Firms Under More Scrutiny, Unhappy with D&O Insurance
Apr 19 2021 // With premiums rising and carriers narrowing their terms and conditions, technology companies’ satisfaction with their directors and officers (D&O) liability insurance has plummeted in 2021. Insurance broker Marsh...
Lloyd’s Lab Picks 11 Insurtech Start-ups, Focused on Product Simplification, Climate
Apr 15 2021 // Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator program. These insurtechs will be focused on creating simpler products for...
Detroit Police Sued by Man Mistaken for Shoplifter by Recognition Technology
Apr 15 2021 // A Black man who was arrested when facial recognition technology mistakenly identified him as a suspected shoplifter has sued Detroit police, seeking compensation for the humiliating incident and restrictions on how the...
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources
Apr 12 2021 // SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people...
Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains
Apr 9 2021 // LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry...
Indian Insurtech Policybazaar Plans Mumbai IPO
Apr 7 2021 // Indian online insurance platform Policybazaar is planning to file a draft prospectus as soon as next month for its Mumbai initial public offering that could raise about $500 million, according to people familiar with the...
UK Insurtech Zego Launches Flexible Cover for Food, Grocery Delivery Businesses
Apr 5 2021 // Zego, the London-based insurtech and commercial motor insurance provider, has launched two new flexible insurance products for moped and e-bike fleets in the UK. The new products, developed in partnership with Wakam,...
Homeland Security Chief Prioritizes Disrupting Ransomware in Cyber Efforts
Apr 5 2021 // Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said last Wednesday that dealing with ransomware will be a top priority, highlighting the growing threat of the data-scrambling software. Ransomware...
Suez Canal Must Upgrade to Avoid Future Shipping Disruption: Sources
Apr 5 2021 // CAIRO – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounce back from...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Apr 5 2021 // See a need and then fill it. That’s the secret of most successful businesses — and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...
