InsurTech
Root Implements Organizational Realignment, Lays Off 330 Employees
Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business. Co-Founder ...
Cyber Insurers Working to Keep Up With Criminals
It's no question the cyber crime landscape is constantly evolving, keeping large and small businesses on their toes. But another industry is rapidly changing, and if businesses don't keep up, they ...
American Financial Group Acquires InsurTech Verikai in $120M Deal
American Financial Group (AFG) acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk, effective December ...
InsurTech Accelerant Raises More Than $190M in Latest Funding Round
InsurTech Accelerant raised more than $190 million at a $2 billion pre-money valuation in its latest funding round. The round was led by Eldridge, with participation from Deer Park, Marshall Wace, ...
Regulators Can Learn AI; New InsurTech Groups Will Help
It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance ...
TypTap IPO Delayed
Insurance tech company TypTap and human resources software firm Justworks postponed their U.S. initial public offerings (IPOs) on Wednesday, joining several companies rethinking their plans to go ...
Product Innovation Taking Off on Lloyd’s ‘Launchpad’
The Lloyd's Product Launchpad is the new home for the development of insurance solutions to tackle emerging risks. The Lloyd's Product Launchpad has been created to replace the Product Innovation ...
InsurTech NY Opens 2022 Early-Stage InsurTech Competition
InsurTech NY is now accepting applications for its third annual InsurTech Early-Stage Competition. InsurTech startups will be selected as finalists based on their growth potential and market ...