Technology & Analytics
Zurich Joins $10 Million Venture Round for Cyber InsurTech BOXX; Partnership Planned
Zurich Insurance has joined a $10 million venture investment round for BOXX, a Toronto-based cyber insurer for small businesses, individuals and families. The startup said it has also formed a global ...
Staffing Crunch Makes Risk Assessment a Challenge for Commercial Insurers
Over the past two years, the challenges prompted by the COVID-19 pandemic have forced businesses to scramble as new issues arise almost every day. The one challenge that has remained stagnant is the ...
Smaller Insurers Need to Take a Data Leap of Faith in 2022
The pandemic isn't hampering the insurance industry from effectively moving forward. But for some carriers, historic anxiety that prevents experimentation with new technologies is an obstacle to ...
Ford, Walmart and Argo AI to Jointly Launch Autonomous Vehicle Delivery Service
Self-driving startup Argo AI, automaker Ford Motor Co and Walmart Inc will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on ...
Carriers Prioritize Using Data for Pricing Decisions, Customer Experience: Study
The vast majority of carriers are prioritizing the use of data and analytic technologies to inform decisions on pricing, according to a new study conducted by Celent and commissioned by Equisoft. The ...
The Growing Wave of Cloud in Insurance
A couple of years ago, insurers were skeptical of cloud computing. Now? Not only are they leaning into cloud-first strategies, but cloud has become the default hosting option for more insurance ...
Digital Property Claims Marketplace Startup Wins ACORD’s InsurTech Innovation Challenge
ACORD, the global standards-setting body for the insurance industry, picked the startup handdii as the winner of its 2021 ACORD InsurTech Innovation Challenge New York. The winner is a digital ...
Cyber Reinsurance MGA Envelop Risk Attracts $130M Infusion to Fuel Global Growth Plans
Envelop Risk, the UK-based cyber insurance/ reinsurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will help Envelop Risk ...