Latest Tech Headlines
All the headlines from our Tech Topic Page, ordered by recency.
Insurtech Hippo Lays Off 20% of Employees
Oct 30 2023 // Insurtech Hippo Holdings said it has “initiated an organizational realignment” by laying off about 120 employees, or 20% of its workforce. The company said in a filing with the U.S. Securities and Exchange...
Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding
Oct 25 2023 // Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents. Founded in 2021, the insurtech said it “helps agents who are often overlooked and given...
Tech Update: AXA XL Launches Virtual Reality Training Solution for Risk Managers
Oct 23 2023 // AXA XL Risk Consulting announced the launch of AXA Immersive Solutions, an innovative training solution leveraging virtual reality (VR) and digital twin technologies. AXA Immersive Solutions gives AXA XL’s risk...
Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding
Oct 18 2023 // Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners. The new...
Private Health Data Still Being Exposed to Big Tech, Report Says
Oct 17 2023 // Despite recent efforts to address the issue, medical-related websites continue to be mined for data including personal medical information, in an apparent violation of patients’ privacy rights, according to a new...
Markets/Coverages: Howden Launches Innovation Hub With £500M of Delegated Underwriting Capacity, Commits £10M for Insurtech Funding
Oct 16 2023 // Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator...
Insurance Technology Is a Driver for Change
Oct 16 2023 // The insurance industry is truly a nexus for innovation. Particularly through the use of technology, it is inspiring to dive into the many ways insurance professionals across the country and the world create real-time...
Tech Update: Xceedance Offers Cat Modeling Services to Reinsurers During Renewals
Oct 13 2023 // Xceedance, a global provider of strategic operations support, technology, and data services to insurance organizations, announced the launch of burst capacity catastrophe modeling resources to support reinsurers during...
Tech Update: Re/Insurance Communications Platform ‘fuse’ Launches
Oct 6 2023 // A communications platform called “fuse” has been launched for the global commercial insurance and reinsurance industry. Fuse promises retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers...
Microsoft CEO Says Tech Giants Battling for Content to Build AI
Oct 3 2023 // Microsoft chief executive Satya Nadella said Monday tech giants were competing for vast troves of content needed to train artificial intelligence, and complained Google was locking up content with expensive and exclusive...
A&E Risks: Quality Control Must Advance with Technology
Oct 2 2023 // Technology has revolutionized the architecture and engineering (A&E) design space over the past 40 to 50 years, allowing for improved efficiency and faster architectural design and output. However, these technological...
Looming Government Shutdown Would Halt NFIP Flood Policies, Disrupting Home Sales
Sep 28 2023 // A U.S. government shutdown, perhaps as soon as Saturday night, will force the National Flood Insurance Program to suspend issuing of new policies, potentially causing a major disruption for home buyers. The National Home...
Ariel Re Relaunches Clean Energy Division, Focusing on Tech Performance Insurance
Sep 27 2023 // Ariel Re, the Bermuda-based re/insurer, has relaunched its Clean Energy division as “Ariel Green,” in recognition of the increasingly crucial role of technology performance insurance in accelerating innovation...
Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations
Sep 27 2023 // Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure...
Tech Startups in US, France, Germany Help in Fight Against Wildfires
Sep 25 2023 // This year has been a challenging one for Phil Schneider, who hasn’t seen wildfire behavior like this in his 47-year firefighting career. Blazes raged through more than 2,000 acres of wildland in recent months in his...
Maritime Industry Eyes Nuclear Power for Ships as Tech Advances; Insurers Are Wary
Sep 21 2023 // The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless, any possible nuclear fuel solutions...
Tech Update: Conduit Re Uses hyperexponential’s Pricing Decision Intelligence Platform
Sep 21 2023 // Conduit Re, the Bermuda-based global reinsurer, is achieving end-to-end underwriting with pricing decision intelligence (PDI) company hyperexponential. Using the PDI platform, hx Renew, Conduit Re is now able to rapidly...
Origami Risk Acquires Illinois’ Dais Technology
Sep 18 2023 // Origami Risk announced it has acquired Chicago, Illinois-based Dais Technology, a provider of no-code insurance technology. The acquisition increases Dais’ market reach and client support capabilities and expands...
People Moves: Embroker Appoints Linetsky as Chief Technology Officer; Colonial Surety Names Grzelak CFO
Sep 15 2023 // Embroker Appoints Linetsky as New Chief Technology Officer Embroker, headquartered in San Francisco, Calif., appointed Gene Linetsky its new chief technology officer (CTO). Linetsky has more than 30 years of experience....
After Countrywide Pause, InsurTech Hippo Slowly Reemerging Next Week
Sep 8 2023 // A profitability problem that would have otherwise taken insurtech Hippo half a year to correct is on the mend after just 30 days, the chief executive officer said at an investor conference Thursday. Speaking at the Keefe,...
