CTO / Technology
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 ...
Getsafe CEO Sees Coronavirus as Opportunity for InsurTechs to Prove Their Worth
Getsafe CEO and founder Christian Wiens recently responded to the coronavirus pandemic by touting the benefits his and other InsurTechs can offer the insurance industry now and in the months ahead. ...
P/C Innovation Leaders Scarce, AM Best Finds; Reinsurers Reign
In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, ...
The Latest Launches From Swiss Re and Trov
Swiss Re formed a strategic alliance with Microsoft Corp. that will give it access to some digital tools. Trov said its technology will be used to help manage risk data for a car-share fleet of Tesla ...