Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 16 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
What Captive Agents Transitioning to Independent Agents Should Consider in Agency Management Systems
Dec 16 2019 // There’s a storm brewing for many captive insurance agencies and their agents, and that storm may be lengthy. As an example, Nationwide is one of a number of captive insurance companies that are actively converting...
EU Top Court to Hear Privacy Issues of Tech Firms’ Personal Data Transfers
Dec 15 2019 // Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to...
FCC Votes to Split Safety Spectrum with Telecoms Over Transportation Chief’s Warning
Dec 13 2019 // The U.S. telecommunications regulator voted on Thursday to advance a plan to split a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices, but the Transportation Secretary...
Insurtech, Data Help Canadian Farmers Cut Lending, Insurance Costs
Dec 12 2019 // Canadian farmers — grappling with with lower crop income, adverse weather and a trade dispute with China — are using precision-agriculture technology aimed at reducing lending and insurance costs. Collecting...
Fast-Growing German Insurtech Wefox Raises $110 Million More
Dec 11 2019 // German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion...
Group Warns Climate Regulations Could Disrupt Investment Strategies
Dec 10 2019 // Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a...
Big Tech May Be Required to Share Customer Data with Financial Firms
Dec 9 2019 // Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for...
High Distribution Costs and How to Fix Them
Dec 5 2019 // The disruption currently taking place in insurance and reinsurance markets is at its most acute since the culmination of the financial crisis. Industry reserves, deteriorating earlier catastrophe losses and eye-popping...
Ping An’s Technology Unit OneConnect Reduces Offering in U.S. IPO
Dec 5 2019 // Ping An Insurance’s OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of China’s...
Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales
Dec 4 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio’s digitized commercial insurance...
China’s Insurance Giant Ping An Increasingly Focuses on ‘Technology Plus Finance’
Dec 3 2019 // Just 31 years after it was founded in China’s southern city of Shenzhen, Ping An Insurance (Group) Co. has grown into the world’s second-largest insurer by market value after Berkshire Hathaway Inc.—more...
Analysis: Louisiana Government Cyberattack Could Have Been Worse
Dec 3 2019 // The cyberattack on Louisiana’s state government computer servers disrupted agency operations and made going to the Office of Motor Vehicles even more headache-inducing than usual. But it was nowhere near the...
Program Business Continues Record Growth Despite Market Challenges
Dec 2 2019 // Underwriters Search for ‘New’ and ‘High Risk’ Spaces to Target Fueled by investments from insurtechs and interest in niche classes, the program business market has experienced record growth over the...
Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M
Dec 2 2019 // The tech-enabled high-end home insurance provider Openly has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture...
Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M
Nov 26 2019 // The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s...
Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance
Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...
FEMA Envisions High-Tech Flood Insurance Program Using Parametrics, Blockchain
Nov 26 2019 // Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a draft...
Home Insurance Insurtech Hippo Buys Home Services Startup Sheltr
Nov 25 2019 // Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported. The insurtech said it...
Confessions of a Diehard Fan of Insurance Data: Part 1
Nov 24 2019 // If Bill Pieroni were a Major League Baseball executive, he would be one of those sabermetric types like Oakland’s Billy Beane, heralded by the book “Moneyball.” His team’s manager would have...
