Industry News
New InsurTech Venture Capital Financings Dropped by Half in Q1
Already, the coronavirus pandemic has taken a big bite out of InsurTech venture capital financings. Venture capital investments in the sector reached $760 million in the 2020 first quarter, about 50 ...
Top Tech Mistakes for Insurers; Fixing What’s Not Broken Leads the List
Property/casualty insurance carriers embarking on massive projects because "the system is too old" are making one of the most common technology mistakes in the industry, according to an executive of ...
Liability Worries May Leave Many U.S. Banks Sitting Out of Small-Biz Pandemic Rescue Plan
Thousands of U.S. banks, including some of the country's largest lenders, have said they may not participate in the federal government's small-business rescue program due to concerns about taking on ...
InsurTech Wefox Part of European Efforts to Ready Smartphone Tech Tracing Coronavirus Exposures
A group of European experts said on Wednesday they would soon launch technology for smartphones to help trace people who had come into contact with those infected with coronavirus, helping the health ...
COVID-19 Might Spur a Social Inflation Spike: A.M. Best
COVID-19 could produce a big increase in social inflation, A.M. Best said in a newly issued commentary. The reason: expectations that businesses will sue their insurers in an attempt to access their ...
Marsh Will Grab Broker Assurance for an Undisclosed Price
Marsh, a global insurance broker and risk adviser, said it is acquiring Assurance, an Illinois-based full-service brokerage. The transaction is taking place through Marsh & McLennan Agency LLC, ...
China Re Reportedly Explores Establishing U.S. Arm
China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of Sino-U.S. ...
D&O Insurers Face Challenges as Company Bosses Deal With Coronavirus Legal Claims
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which ...