Insurtech
The insurtech sector is well-positioned despite second-quarter data showing a year-over-year decline in funding, but companies may need to refine their strategies, according to speakers and attendees at the InsureTech Connect conference in Las Vegas last week.
The insurtech sector is well-positioned despite second-quarter data showing a year-over-year decline in funding, but companies may need to refine their strategies, according to speakers and attendees at the InsureTech Connect conference in Las Vegas last week.
An insurtech revolution that started with intentions to wrest business from long-standing incumbents has morphed into more of a collaboration between technology upstarts and established companies.
An insurtech revolution that started with intentions to wrest business from long-standing incumbents has morphed into more of a collaboration between technology upstarts and established companies.
Growth and change were key topics of discussion Tuesday morning at the 2022 InsureTech Connect conference, as speakers mused about the ways technology has influenced the commercial insurance sector.
Bermuda-based insurer and reinsurer SiriusPoint Ltd. said Wednesday it has teamed with Insurate, a newly launched insurtech managing general agent to offer workers compensation insurance to companies with above-average safety performance.
Pie Insurance, an insurtech specializing in workers compensation insurance for small businesses, said Wednesday it raised $315 million from investors to fund its growth and expansion into new lines of business.
Bermuda-based insurer and reinsurer SiriusPoint Ltd. said Wednesday it has teamed with Insurate, a newly launched insurtech managing general agent to offer workers compensation insurance to companies with above-average safety performance.
There were 418 completed mergers and acquisitions worldwide in the insurance sector in 2021, up 2.7% from 407 the previous year, according to a report released Monday by law firm Clyde & Co.
Insurtech company LineSlip Solutions Inc. has hired former Cable One Inc. risk manager Michelle Bennett as director, strategic account management.
Insurtech Coalition Inc. on Monday said it has formed a Hawaii-based captive insurer to back its cyber insurance programs.
A regulatory and public policy advocacy group for the burgeoning insurtech sector launched Monday.
Insurtech brokerage Newfront Insurance Inc. has hired former Hub International Ltd. executive Adam Johnson as senior vice president and leader of its venture capital practice.
Singapore-based insurtech Bolttech Management Ltd. has hired former American International Group Inc. executive Romaney OMalley as group chief financial officer.
Business Insurance on Thursday announced the winners of the 2021 Innovation Awards.
Cyber managing general underwriter Corvus Insurance Holdings Inc. said Thursday it has acquired Cambridge, Maryland-based SeQure Underwriters LLC, an insurtech managing general agency.
Technology will help usher insurance into the future, but it will not fundamentally change the industry, according to Evan Greenberg, chairman and CEO of Chubb Ltd.
Insurtech has helped Acrisure LLC succeed and expand, the brokers leader says.
Technology will continue to revolutionize the insurance industry but will do so around the core of human activities, according to panelists who spoke Tuesday at the InsureTech Connect Conference in Las Vegas.
Cowbell Cyber Inc. said Wednesday it has entered a strategic partnership with La Jolla, California-based Palomar Excess & Surplus Insurance Co.
Cyber insurtech Coalition Inc. said Tuesday it has acquired managing general agency Attune Insurance Services LLC.
As the world becomes increasingly connected, people will face a growing host of threats from a range of sources, Chris Krebs, former director of the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency, said Tuesday at the ITC InsureTech Connect Conference in Las Vegas.
Neptune Flood Inc. said Monday it has added parametric earthquake coverage to its portfolio with the acquisition of Oakland, California-based insurtech broker Jumpstart Insurance Solutions Inc.