CTO / Technology
Munich Re’s Venture Arm Raises $500M for New Fund Focused on InsurTech, Cybersecurity, Other Sectors
Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on InsurTech and cybersecurity. The new financing arm, ...
Government Can and Should Help Reduce Cybersecurity Risks: ITC 2021 Highlights
It's no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
Who Will Be Sued? Praedicat Scores Ease Underwriting for Emerging Risks
Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify the underwriting of complex emerging risks for liability insurance. ...
Carrier Competition Heats Up Over Better Agent Digital Experiences
Agent digital experiences are moving to the forefront of property/casualty insurance carrier tech strategies, according to a survey report published by Celent late last week. Just having a web portal ...
Neptune Flood Acquires Parametric Quake Insurance Broker Jumpstart
Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric InsurTech broker that offers parametric earthquake policies. Terms were not disclosed. ...
Buckle Secures $60M Financing to Scale Gig Economy Digital Platform
Buckle Corp. has nailed down $60 million in new venture capital financing, money that will help scale its full-stack insurance-as-a-service platform for the gig economy. "This new raise helps ...
Chubb’s Blink Digital Platform Partners With USAA, Its First Incumbent Carrier
Blink by Chubb, Chubb's new digital platform launched earlier this year, is partnering with its first incumbent insurance carrier. The arrangement allows USAA Insurance Agency to offer a Chubb-backed ...
Cyber Insurer Coalition Raises $205M; Push Into Public Markets Among Future Plans
Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy ...