Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Carrier Management Announces the Launch of InsurTech Today
Jun 10 2019 // San Diego, CA, June 10, 2019 – Today Carrier Management premiers a brand-new newsletter called InsurTech Today. This inbox resource is written for those who value a quick take on the most important InsurTech...
Amazon Reveals Unique Delivery Drone; FAA Grants Limited Testing Approval
Jun 6 2019 // Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting...
National General Acquires Insurtech Syndeste; Launches Private Flood Product in Florida
Jun 6 2019 // Personal lines insurer National General Holdings Corp. (NGHC) will begin offering private flood insurance in Florida later this summer after its acquisition of Syndeste LLC, an insurance technology company. National...
Insurtech Avinew Acquires Betterdrive in California
Jun 4 2019 // Insurtech company Avinew has acquired Sunnyvalye, Calif.-based Betterdrive. Terms of the deal were not disclosed. Ravindhran Sankar, CEO and founder, will be named director of research and development. Avinew will...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge
Jun 4 2019 // Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review...
Sovos Acquires Iowa’s Eagle Technology Management
May 29 2019 // Global tax software provider Sovos is acquiring Iowa-based Eagle Technology Management (ETM), which provides statutory financial reporting and insurance premium tax software to insurers, and unclaimed property reporting...
ICW Group in California Names Hartline Vice President of Information Technology
May 28 2019 // ICW Group Insurance Cos. has named Todd Hartline vice president of information technology. Hartline, who will lead the company’s IT function, will be based in the ICW Group corporate headquarters in San Diego and...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources
May 28 2019 // Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New...
State Auto Innovation Unit: $25M; 5 Insurtechs; 18 Months
May 24 2019 // State Auto Labs, the innovation arm of the State Automobile Mutual Insurance Co., says in the 18 months after launching its $25 million corporate venture fund to support entrepreneurs and innovations in the insurance...
China’s Ant Financial Provides Health Coverage to 65 Million Clients for Pennies a Month
May 21 2019 // Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show — with 50 workers and visions of serving...
Billionaire Paying Off College Students’ $40 Million Debt Has Ties to Insurance Industry
May 20 2019 // The billionaire technology investor and philanthropist who has promised to assume the $40 million student debt of the entire graduating class at Morehouse College has ties to the insurance industry. Robert F. Smith, who...
Florida InsurTech HoneyQuote to Offer Technology Platform to Business Partners
May 20 2019 // Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program,...
Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines and Globally
May 20 2019 // Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand...
Connecting the Dots in Agency Technology
May 20 2019 // To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
Change Is Coming: It’s Time to Be a Creator, Not a Reactor
May 20 2019 // One of our responsibilities as insurance professionals is to lead change. Yes, however reluctant, everyone in the independent agent insurance business is 100% responsible for creating change. If we sit back waiting for...
Emphasizing Empathy During Technological Transformations
May 20 2019 // The insurance industry is undergoing a technological transformation. Insurers are moving data to the cloud, using artificial intelligence and beginning to prepare for a potential blockchain economy. Products and services...
Senators Urge Allies to Heed Trump’s Warning on China’s Huawei
May 17 2019 // U.S. senators warned allies that Chinese telecommunications companies such as Huawei Technologies Co. can’t meet security standards for advanced networks due in part to Chinese law that demands cooperation with...
U.S. Blacklisting of China’s Huawei to Disrupt Global Technology Supply Chain
May 16 2019 // The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of...
U.S. to Consider Opening Unused Spectrum Band for ‘Talking’ Vehicles
May 15 2019 // The U.S. Federal Communications Commission plans to vote in June on launching a new review of a key spectrum band reserved for automakers that could boost Wi-Fi use, a person briefed on the matter said on Tuesday. In 1999,...
Brazil’s Vale to Invest $2.5B in Technology to Prevent Mining Dam Disasters: Reuters
May 10 2019 // Brazil’s Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that removes the need for tailings dams, the waste facilities responsible for two deadly mining disasters in...
