Innovation
InsurTech Deals at $4B So Far in 2019, Blowing Past 2018 Full Year
InsurTech funding levels, reaching almost $4.4 billion in worldwide funding commitments through three quarters of the year, has already surpassed the 2018 full-year total, Willis Towers Watson ...
The Latest Launches From AIG, Aon and Risk Strategies
AIG is planning a new syndicate at Lloyd's designed to serve the specialist U.S. high net worth market. Aon announced the launch of an Aon-wide group created to increase the value and holistic ...
A.M. Best’s Innovation Assessment Set to Roll Out in First-Half 2020
A.M. Best plans to start assessing innovation as part of the credit rating methodology it uses to evaluate carriers in the first half of 2020, Chief Rating Officer Stefan Holzberger said. The ...
Nationwide Invests in Cybersecurity InsurTech Focused on Connected Vehicles
Nationwide said it has invested in Upstream Security, an InsurTech focused on providing cybersecurity for connected vehicles. Upstream's cash infusion will it enable OEM car manufacturers and fleets ...
The Latest Launches From Chubb and The Hartford
Chubb unveiled an enhanced version of a tool it offers to help an organization spot global cyber threats. The Hartford launched an updated iteration of a policy designed to deliver tailored insurance ...
Quantemplate, a Cloud-Based Data Processor, Pulls in $12 Million
Quantemplate raised $12 million in new venture financing, money it plans to deploy to expand the use of its self-service cloud-based automated data products and services targeted to insurers and ...
Verifly Becomes Thimble and Raises $22M to Fuel On-Demand Insurance Growth
Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance. Existing ...
Ways for Insurers to Master the Art of Innovation
Insurance industry conversations about digitalization have noticeably shifted. A growing number of carriers now see InsurTechs not as existential dangers to their business models, but rather as ...