Technology & Analytics
VC Firm Eos Venture Partners Closes InsurTech Investment Fund
Eos Venture Partners said it has closed an $85 million InsurTech investment fund that will tap into new insurance industry needs. To be known as the Strategic Investment Fund, the investment vehicle ...
Envelop Risk, a Cyber Underwriting Firm, Raises $6 Million in VC Financing
Envelop Risk raised $6 million in new venture financing, money that will help fuel expansion for the UK-based cyber underwriting and risk analytics startup. AI-specialist investor Alpha Intelligence ...
Why Current Cyber Risk Management Techniques Are Inadequate
Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains ...
The Latest Launches at Guy Carpenter, IVANS and CyberCube
Guy Carpenter has unveiled a new Philippines Flood Model. IVANS now has a product designed to provide insurers with premium benchmarks to support price optimization and increase win rates. CyberCube ...
Travelers, Adapting to a COVID-19 World, Will Hire Hundreds of Key Tech Experts
Travelers said it is hiring hundreds of people before the end of 2020, a large number of which will be in the technology space to help the insurer conduct business virtually. The Hartford-based ...
The Latest Launches From Tokio Marine and Axon
Tokio Marine is partnering with an InsurTech startup to use artificial intelligence as part of its auto damage evaluations. Axon Underwriting Services LLC is debuting a new offering as part of its ...
Quantum Computing Risks Overblown: Insurer Use Cases Revealed
Within financial services, quantum computing is getting a lot of attention. Recent publicity is flourishing, thanks to quantum commercialization efforts. Fears about the worst-case scenario—the ...
Industry Needs to Reinvent Itself to Stay Relevant: McKinsey
The insurance industry has proven its resilience in recent years, weathering billion-dollar natural catastrophe events, increased cyber risk and now a pandemic, but this resilience will be tested ...