Innovation
Hiscox, Chubb Among Investors With CoverHound’s New $58M Series D Financing
Multiple carriers participated in CoverHound's new $58 million Series D financing, money the online insurance comparison shopping platform plans to use to fuel global expansion. Hiscox led the round, ...
Insurers Struggle to Keep Up With Sharing Economy Demands
As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more ...
MGA/Carrier Partnerships Enable Cost-Effective InsurTech Automation for Small Business Risks
Some of the most exciting innovation coming out of the InsurTech movement is focused on small to midsize businesses and the brokers who serve them. New players are challenging the old model where the ...
Two AI InsurTech Startups Win Zurich Insurance’s First Global Innovation Competition
Two startups focused on artificial intelligence are the big winners of Zurich Insurance Group's first-ever innovation competition. Chisel AI, based in Toronto, is the Gold winner in the Zurich ...
Lead Transformation by Acknowledging Smarter People in the Room: Providence Mutual CEO Parrillo
As insurance executives fret about helping their companies embrace new technology and change, one CEO offers this idea: Embrace that there are other, smarter people in the room. "Everybody in my ...
Accenture Starts Selling AI Automation Software Platform Tested Internally
Accenture Plc, the global consulting firm, will begin selling software and services that it's already used internally to automate tasks and redeploy about 40,000 workers. The new platform, that's ...
InsurTech Avinew Raises $5M; Helps Reward Use of Autonomous Driving Tech
InsurTech startup Avinew has raised $5 million in seed financing from American Family Insurance and others, with an eye on helping auto insurers reward drivers that use autonomous and semi-autonomous ...
The Latest Launches From Zurich and Ping An Insurance Group
Zurich Insurance debuted a new travel insurance program for Canadians traveling abroad. The property/casualty arm of Ping An Insurance Group in China is rolling out a credit-based smart auto claim ...