Innovation
The Latest Launches From AIR Worldwide and Willis Towers Watson
Catastrophe modeler AIR Worldwide is marketing new software designed to estimate potential losses of reinsurance contracts and portfolios, industry loss warranties and insurance-linked securities. ...
German InsurTech Wefox, Survivor of Tussle With Lemonade, Nears Massive Financing
Wefox, one of Europe's fastest-growing insurance technology firms, is close to settling on a new "triple-digit million" euro funding round, with Softbank's Vision Fund among the suitors, three ...
Chubb Will Cover Uber Drivers in South Africa
Uber Technologies Inc. is partnering with security and insurance company Chubb Ltd. to cover its South African drivers in case of death or injury as violent attacks plague the country's cities. The ...
The Latest Launches From Chubb and AXIS Capital Holdings
Chubb is partnering with a company to offer a cyber loss mitigation service to certain policyholders in the UK and Ireland. AXIS Capital Holdings Ltd. designed to, in part, scout out new technologies ...
Extraordinary Re’s Extraordinary Idea
Imagine there's a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel ...
InsurTech Startup Groundspeed Analytics Raises $30 Million
Insurance technology startup Groundspeed Analytics, armed with $30 million in new venture financing, plans to hire more people and expand its product roster. The Michigan-based company (offices are ...
Canadian Insurer Intact Financial Backs Autonomous Car Startup Geared to Florida Retirees
There's a village in Florida where self-driving cars rule the road, and a Canadian insurance firm wants to come along for the ride. Toronto-based Intact Financial Corp. is investing $3 million in ...
AI Investments Give Insurers 10X the Return: Accenture
Artificial intelligence, machine learning, analytics and other "intelligent" technology could help U.S. insurers boost their profitability by up to $20 billion, according to a new Accenture report. ...