Innovation
Despite Roadblocks, Businesses Continue Innovation Plans
U.S. business executives forge ahead with tech investments, despite poor economy, talent shortage and financial pitfalls, a new FIS Global Innovation Report found. The report, which sought to ...
Cyberwrite President Predicts an Avalanche. Are Cyber Underwriters Ready?
Harmut Mai, president of Cyberwrite, believes that in the future, insurance underwriters will see "an avalanche of businesses that are in need of a cybersecurity program." "There's no way the current ...
Reinsurers Continue to Lead in Post-Pandemic Innovation
Innovation in the insurance industry, accelerated by COVID-19, has continued largely due to consumer appetite and market competition, according to a newly released report by AM Best. Predictive ...
Grid-by-Grid: How One Tech Firm Dissects California Wildfire Risk to Sell Insurance and Reinsurance
There is general consensus among insurance and reinsurance underwriters about the safest property risks to accept in the California market, according to the co-founder of a company that uses ...
Evacuation Policies and Cat Strips: Wildfire Insurance and Reinsurance Ideas That Failed
Sometimes, it takes a few tries to develop the right insurance or reinsurance product—one that will align well with the needs and wants of customers. Kettle, a company that uses technology to ...
InsurTech Profile: InsurAware CEO Reflects on the Power of Change
At 40 years old, Rajesh Krishnan sat in a Baltimore intensive care unit, recovering from a brain aneurism and a stroke. His solution-oriented mind had driven him to academic and insurance industry ...
Steadily Raises $28.5M in Series B to Scale Landlord Insurance Offering
Steadily, a landlord insurance company, announced that it has raised $28.5 million in series b funding. Steadily serves rental property owners of single-family and small multi-family rentals across ...
Automated Weather Insurance Could Offer Help in an Increasingly Hot World
Carlos José Báez experienced the full brunt of Hurricane Maria when it made landfall in Puerto Rico as a catastrophic storm in 2017. The auto paint shop owner, who lives in Aguas Buenas, Puerto ...