Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Leveraging carrier technology to support small business customers
Apr 2 2021 // This post is part of a series sponsored by The Hanover Insurance Group. The small commercial market offers tremendous opportunities for agents to increase their market share more than ever before, particularly for those...
Tech Firms Under More Scrutiny and Unhappy with Their D&O Insurance
Mar 31 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...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform
Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also, a new platform for offering management liability insurance to small...
Insurtech Funding News: $118M for Pie; $30M for Snapsheet
Mar 26 2021 // There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a...
Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing
Mar 24 2021 // With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27 per share, the insurtech carrier has been named in a shareholders class action complaint, Carrier Management has...
Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service
Mar 22 2021 // The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by...
Insurtech Blink Expands into Central, Latin America; Partners with Travel Assistance Firm
Mar 15 2021 // Blink Parametric, the Cork, Ireland-based insurtech, has announced a major expansion of its flight disruption insurance platform in Central & Latin America, scheduled for launch this month. The partnership between...
$245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley
Mar 12 2021 // Some serious money has been sent the way of various insurance startups over the past week. Investors backed cutting-edge commercial lines and cyber insurance products as well as advances in texting communications, producer...
German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger
Mar 11 2021 // BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Mar 11 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...
Insurance Sales Prospecting Insurtech, Agency MVP, Raises $3.5M, Adds Execs
Mar 10 2021 // AgencyMVP, an online platform that identifies prospects for property/casualty insurance agencies, has received $3.5 million in seed funding from Silverton Partners. The firm has also added to its leadership team. With this...
Zego Becomes UK’s 1st Insurtech Unicorn After Fundraising Values Company at $1.1B
Mar 10 2021 // Commercial mobility insurer Zego has become the UK’s first insurtech unicorn after raising $150 million, valuing the company at $1.1 billion. The London-based business will now accelerate the expansion of its product...
3 Ways Insurtech Can Help Agents Thrive in 2021 and Beyond
Mar 8 2021 // What if the COVID-19 pandemic had struck in 1980 instead of 2020? Without widespread internet connectivity, cloud software and video conferencing, the insurance industry may have been up a creek without a paddle (and...
Beazley Forms Digital Business Unit to Transform Tech Strategy, Led by Fantozzi
Feb 26 2021 // Specialist insurer Beazley has unveiled a new digital business unit to transform how the company develops, underwrites and delivers digital insurance solutions for clients and brokers. Existing digital initiatives and...
Canadian Insurtech Farmers Edge Raises $100 Million in IPO
Feb 26 2021 // Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the transaction. Farmers Edge...
Insurance Technology: Hippo, Vertafore, Monte Carlo, Marble, Coterie, Buckle and More
Feb 25 2021 // Home insurer Hippo is partnering with ADT to add smart home services and discounts for home insurance customers. Hippo customers in select states who enroll in its smart home program will be offered free installation of an...
More Insurer Partnerships, Tech Investments, Divestitures to Come in 2021, Says Bain
Feb 23 2021 // Insurers in 2021 will be doubling down on streamlining, reinforcing their core businesses and updating technology, and mergers and acquisitions will help them get there as it did in 2020, according to a Bain & Co....
Israeli Insurtech Earnix Reaches $1 Billion Valuation After Financing Round
Feb 22 2021 // Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners. Existing investors...
Agency Salary Survey: Satisfaction Rises, Compensation Falls, Agencies Kept Employees Happy Through Disruption
Feb 22 2021 // Independent insurance agencies not only managed to survive through the 2020 economic downturn and pandemic, but also managed to keep their employees happy through all of the year’s disruption. In Insurance...
EU Experts Hit Roadblock in Trying to Resolve Tech, Carmakers’ Patent Dispute
Feb 12 2021 // European Union efforts to resolve a patent dispute between tech companies and carmakers have hit a roadblock after experts enlisted for advice failed to agree on the level of royalties or who should pay them. Tech firm...
