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.
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.
Insurtech brokerage Newfront Insurance Inc. said Thursday it has agreed to merge with established brokerage ABD Insurance and Financial Services Inc.
Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round led by private investment firm Activant Capital Group that valued it at more than $1 billion.
Snapsheet Inc. said Thursday it promoted Andy Cohen to president and chief operating officer.
Vindati, an insurtech specialty managing general underwriter and part of Innovisk Capital Partners LLP, said Monday that it has named John Przedpelski as CEO.
San Francisco-based insurtech company Embroker Inc. said Wednesday it has secured an additional $100 million in funding, which will permit it to expand into becoming a licensed insurer.
Cover Whale Insurance Solutions Inc., an insurtech firm focused on commercial auto, has named former TigerRisk Partners LLC specialty casualty head Kevin Abramson as its president.
Hamilton Insurance Group Ltd. said Tuesday it named former Everest Re group executive Craig Howie as group chief financial officer effective July 1, 2021.
TigerRisk Partners LLC has hired former Guy Carpenter & Co. LLC executive Jack Snyder to lead its insurtech and financial advisory practices.
Moodys Corp. and Team8, a Tel Aviv-based technology venture group, said Wednesday they have completed a $25 million investment in VisibleRisk, their New York-based joint venture.
Dogan Kaleli, a former executive at Allianz Global Corporate & Specialty SE, has launched Stere LLC, a program placement platform.
Business Insurance is accepting nominations for the 2021 Innovation Awards.
Sapiens International Corp., which provides software to the insurance industry, said Monday it has named Jamie Yoder as president and general manager of Sapiens North America.
Increasing demand for digital insurance products and online distribution is expected to displace $280 billion of existing insurance revenue by 2025, according to a report released Thursday by Accenture PLC.
Policyholders may finally begin to get some certainty as to where they stand legally with respect to COVID-19-related business interruption cases with the Ohio Supreme Court accepting one such case and a federal appeals court holding oral arguments on a second.
Insurance technology company Medata Inc. on Monday announced the appointment of former American International Group Inc. executive Jonathan Nutt as chief technology officer.