Industry News
China’s Ping An Insurance Teams With Intel to Launch Joint Innovation Laboratory
A division of China's Ping An Insurance Group is teaming with American global tech giant Intel Corp. to establish a joint innovation laboratory. The arrangement is between California-based Intel and ...
Insurers, Analysts Worry Australia’s Bushfires Could Surpass 2009’s Costly Season
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
Dismissal of Lawsuits Over Missing Malaysia Air Flight Upheld on Appeal
A U.S. appeals court on Friday upheld a lower court decision to dismiss nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims' families sought to hold the ...
Cambridge Mobile Telematics’ New Smartphone Tech Lets Auto Insurers Reconstruct Crashes
Cambridge Mobile Telematics is launching a new product that lets auto insurers use smartphones reconstruct crashes as part of the claims process. The company said its new Claims Studio product line ...
InsurTech MGA Corvus Raises $32M, With Plans to Counter Complex Cyber Risks
Corvus Insurance disclosed it has attracted $32 million in new financing that will fuel further growth, in part by countering complex cyber risks. The InsurTech-focused managing general agent based ...
Lemonade CEO Schreiber Addresses 2020 Plans, Leadership and Hammocks
For Lemonade, 2019 was a banner year. The InsurTech, which launched in New York in 2016, attracted a $300 million financing round, bringing its total cash haul to nearly half a billion dollars. The ...
EU Bank Official Wants Post-Brexit Trade Deal to Cover Financial Services
European Central Bank policy maker Klaas Knot said that having "a deep and comprehensive trade deal" that covers financial services would be preferable as the U.K. prepares to the leave the European ...
Insurance Technology Company Sapiens Will Pay $31.6M for German InsurTech
Sapiens plans to pay up to $31.6 million for sum.cumo, an InsurTech based in Germany that provides technology and consulting services to the insurance sector and other customers. Both sides expect to ...