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German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan

Jun 27 2024 // Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the...

New Drivers and Electric-Vehicle Tech Bring New Risks to Auto Insurance Market

Jun 21 2024 // High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The challenges will continue through the end of the year and beyond,...

Leveraging Technology: Revolutionizing the Distribution “Middle” in P&C Insurance

Jun 20 2024 // This post is part of a series sponsored by Dyad. In the ever-evolving landscape of Property and Casualty (P&C) insurance, the distribution “middle”, comprised of intermediaries such as agents, brokers,...

Mubadala Proposal to Sell Insurtech Startup Wefox Opposed by Founders

Jun 14 2024 // Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders. The Abu Dhabi sovereign wealth...

Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey

Jun 13 2024 // More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway...

Reaching for the Clouds? Expect Some Turbulence: 3 Barriers to Adopting Cloud-Native Insurtech and 5 Best Practices to Ease the Transition

Jun 13 2024 // This post is part of a series sponsored by AgentSync. Nothing good comes easy, right? Turns out, overhauling your outdated technology in favor of more modern, cloud-native systems is no exception. In today’s digital...

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