Technology/Science
Munich Re Embraces Driverless Tech With Mobileye Partnership for Commercial Fleets
Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. ...
Startup DataCubes Raises $2.5M to Transform Commercial Underwriting With Data Science
DataCubes, a data science platform startup that enables carriers to accurately quote commercial insurance policies by asking customers a few simple questions, has completed a Series A funding round ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing
The industry's Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry ...
Hamilton Insurance Targets Q4 for New CEO Announcement
Hamilton Insurance Group expects to announce new chief executive officer toward the end of 2017, Carrier Management has learned. Previous Chairman and CEO Brian Duperreault stepped down from Hamilton ...
Equifax’s Cyber Insurance Reportedly Not Enough to Address Massive Breach
Equifax Inc.'s insurance against cyber breaches is likely inadequate to cover the credit-reporting company's costs tied to one of the biggest hacks in history, according to people familiar with the ...
Liberty Mutual Sees Opportunity in Joining P2P Car-Sharing Startup’s $92M Financing
Liberty Mutual's venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual ...
InsurTech Drone Startup Betterview Raises $2M From Maiden Re, Others
Betterview, an InsurTech startup focused on capturing and analyzing data from drones, has raised just over $2 million in venture financing. Compound Venture Capital led the $2.05 million seed round. ...
The Latest Launches From Chubb and CNA/Aon Affinity
Chubb released new enterprise risk management policy forms for its commercial cyber policyholders in the U.S. and Canada. CNA and Aon Affinity, the affinity business of Aon plc, partnered to offer ...