Technology/Science
2020 InsurTech VC Financings: Only A Handful Reached $100M or More
Carrier Management covered more than 30 property/casualty-specific InsurTech venture capital financings in 2020. The rough total of those combined investments surpasses approximately $1.7 billion. ...
Suspected Russian Hack of U.S. Government More About Espionage Than War
The suspected Russian hack of U.S. government agencies has led to heated rhetoric from lawmakers, with U.S. Senator Dick Durbin calling it "virtually a declaration of war" and U.S. Senator Marco ...
Cyber Insurers Reduce Scope of Offerings as Ransomware Attacks Climb
Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a ...
Insurance M&A Rebounds, With Trend Continuing Into 2021: PwC
Insurance M&A deals rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective ...
Generali Embraces the Cloud in Accenture Joint Venture
Generali Group formed a joint venture with technology consultancy Accenture that's designed to accelerate its migration to the cloud in an ongoing innovation and digitization plan. Generali said it ...
Next Insurance Snatches Up Juniper Labs, a Data/Underwriting Tech Startup
Next Insurance - an InsurTech focused on small business coverage - has closed its first acquisition. More could be on the horizon. The California-based company startup acquired Juniper Labs, a ...
UK Mobility Insurance Startup Zego Acquires Telematics Maker Drivit
Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. The deal, which will enable Zego to collect ...
U.S. Cybersecurity Firm Breached; Internal Hacking Tools Stolen
FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that is has been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking ...