CTO / Technology
Venture Funding Drop Leaves Digital Insurers Vulnerable to Takeover
Some digital insurers will be in serious jeopardy as standalone companies in the months ahead, thanks in part to a big coronavirus crisis-related drop in venture funding. That reality, in turn, could ...
4-Step Blueprint for Traditional Carriers Needing to go Digital Quickly
As with pretty much every industry sector, the insurance industry is faced with a new world due to the COVID-19 virus. Confronted with consumer fear of exposure to the virus, old business models ...
Top Executives Are Increasingly Vulnerable to Ransomware Attacks: CyberCube Report
Senior executives increasingly will be targeted by cyber criminals looking for ways to steal money from large corporations, according to a report from cyber analytics provider CyberCube. Organized ...
New InsurTech Venture Capital Financings Dropped by Half in Q1
Already, the coronavirus pandemic has taken a big bite out of InsurTech venture capital financings. Venture capital investments in the sector reached $760 million in the 2020 first quarter, about 50 ...
Top Tech Mistakes for Insurers; Fixing What’s Not Broken Leads the List
Property/casualty insurance carriers embarking on massive projects because "the system is too old" are making one of the most common technology mistakes in the industry, according to an executive of ...
Hippo Partners With SimpliSafe to Give Customers Home Alarm Options
Hippo Insurance will enhance its customer offerings through a new partnership with home alarm company SimpliSafe. Hippo, an InsurTech and managing general agent, said the arrangement will add ...
Chubb Is Investigating a Possible Hack Attack
Chubb confirmed that it is looking into a possible hack attack, though a spokesperson said the insurance giant's network appears at this point to be unaffected. "We are currently investigating a ...
CIO Checklist: COVID-19 Highlights Need to Revisit Continuity Plans
The importance of well-documented business continuity and disaster recovery plans has reached new urgency with insurers. Natural disasters and cybersecurity issues are on the rise, and new threats ...