Risk
InsurTech Startup Groundspeed Analytics Raises $30 Million
Insurance technology startup Groundspeed Analytics, armed with $30 million in new venture financing, plans to hire more people and expand its product roster. The Michigan-based company (offices are ...
MGA Sciemus Is Rebranded and Appoints a New CEO
Sciemus, a specialty managing general agency (MGA), is undertaking a series of changes starting with a new name, Occam Underwriting. "Taking its name from 'Occam's razor,' the problem-solving ...
Canadian Insurer Intact Financial Backs Autonomous Car Startup Geared to Florida Retirees
There's a village in Florida where self-driving cars rule the road, and a Canadian insurance firm wants to come along for the ride. Toronto-based Intact Financial Corp. is investing $3 million in ...
Insurers Faced Lower-Than-Average Natural Disaster Losses in H1: Impact Forecasting
It looks like economic and insured losses were relatively benign in the first six months of 2018. Global economic losses for natural disasters hit the $45 billion mark in the 2018 first half. Insured ...
Waymo, Walmart to Test Self-Driving Cars Ferrying Shoppers in Arizona
Alphabet Inc's Waymo is starting trials to ferry shoppers to Walmart Inc's stores in Phoenix, Arizona, the company said on Wednesday. Walmart shoppers in Phoenix metropolitan area can order groceries ...
XL Catlin Will Sell On-Demand Cyber Cover Using Slice Labs’ Cloud-Based Platform
XL Catlin will use Slice Labs' cloud-based, pay-per-use platform for a new cyber insurance product. The insurer and reinsurer plans to offer the new coverage for U.S. small and medium-sized business ...
Brexit Won’t Hurt UK Financial Jobs That Much, Bank of England Argues
Fewer than 5,000 financial jobs might move out of Britain by "Day One" of Brexit and future relocations will depend on new trading terms with the European Union, Bank of England Deputy Governor Sam ...
China’s Fosun International Mulls Takeover of Belgian Insurer Ageas
Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its ...