Most Popular InsurTech Headlines This Year
The most viewed headlines from our InsurTech Topic Page over the last year.
#1 Many Insurtechs Exit the Marketplace, and Other 2023 Predictions From Forrester
Dec 6 2022 // More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments in the space were at an all-time high, according to predictions from research and consulting firm...
#2 Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
#3 Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Feb 28 2023 // This profile of Trium Cyber is the inaugural article in a regular series of Company Spotlights, published by Insurance Journal, which cover the insurance industry’s startups and innovators. Trium Cyber is the...
#4 Pie Insurance Raises $315M in Largest U.S. Insurtech Financing Round of 2022
Sep 21 2022 // Pie Insurance, an insurtech specializing in workers compensation insurance for small businesses, said it raised a $315 million Series D round of funding – the largest round of financing for any U.S. based P&C...
#5 TypTap Insurance President Talks About Insurtech’s First Profit, Future
May 19 2023 // When HCI Group’s TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to the company’s plan to rely heavily on mapping technology and property data. This month,...
#6 Workers Comp Insurtech Pie Transitions to Full-Stack Carrier
Feb 3 2023 // Small-business workers compensation provider Pie Insurance has completed its transition to a full-stack carrier. Effective Jan. 1, the company said it acquired nationally licensed insurance company The American Insurance...
#7 ChatGPT Creator OpenAI Sued for Theft of Private Data in ‘AI Arms Race’
Jun 29 2023 // ChatGPT creator OpenAI Inc. is stealing “vast amounts” of personal information to train its artificial intelligence models in a heedless hunt for profits, a group of anonymous individuals claimed in a lawsuit...
#8 Business Moves: Arch Insurance Acquires Insurtech Thimble
Apr 11 2023 // Arch Insurance today said it has acquired Thimble, an insurtech platform that enables small businesses to get insurance coverage by the job, month or year using app, website, or over the phone. Terms were not disclosed....
#9 Insurtech Root Says it Has No ‘Actionable’ Bid
Jun 30 2023 // Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition. Thursday’s statement was issued following reports Root had received a bid from Embedded Insurance. The Columbus,...
#10 3 Emerging Risks to Watch: Generative AI, Deceptive Design, Bidirectional EVs
Mar 20 2023 // Innovative technologies can be transformational for businesses, industries and our way of life, but they also represent risks. Advances in new areas of tech, such as artificial intelligence (AI), are creating unforeseen...
#11 Commercial Auto Insurtech Fairmatic Raises $42M
Aug 31 2022 // Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance...
#12 AI Pioneer Says its Threat to World May Be ‘More Urgent’ Than Climate Change
May 8 2023 // Artificial intelligence could pose a “more urgent” threat to humanity than climate change, AI pioneer Geoffrey Hinton told Reuters in an interview on Friday. Geoffrey Hinton, widely known as one of the...
#13 AI Leaders Urge Labs to Halt Training Models More Powerful Than ChatGPT-4
Mar 30 2023 // Artificial intelligence experts and industry leaders, including Elon Musk, University of California Berkeley computer science professor Stuart Russell and Apple Inc. co-founder Steve Wozniak, are calling on developers to...
#14 Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
Aug 22 2022 // At-Bay, the San Francisco-based insurtech and managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance...
#15 NAIC Releases Highly Anticipated Draft Model Bulletin on Insurers’ AI Use
Jul 28 2023 // On July 17, 2023, the Innovation, Cybersecurity and Technology (H) Committee of the National Association of Insurance Commissioners (NAIC) released for comment a highly anticipated model bulletin (Model Bulletin) on...
#16 Viewpoint: Can Intelligent Automation Ensure the Survival of the Insurance Industry?
Aug 19 2022 // The economic viability of the insurance industry’s current business model has been in question for several years. McKinsey’s 2022 Global Insurance Report shows that 52% of the industry’s global equity had...
#17 Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance
Sep 30 2022 // Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most...
#18 Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’
Jul 5 2023 // Chatbots, data scientists, software engineers. As clients demand more for less, law firms are hiring growing numbers of staff who’ve studied technology not tort law to try and stand out from their rivals. Law firms...
#19 Former AIG CEO Duperreault Joins Board of InsurTech Joyn
Mar 22 2023 // InsurTech Joyn Insurance announced the addition of industry veteran Brian Duperreault to its board as an independent director. Duperreault previously served as executive chairman for AIG’s Board of Directors and as...
#20 Ignited by Pandemic Changes, Insurers Embraced Innovation
Apr 5 2023 // The pandemic kickstarted the new wave of accepting and using innovative systems and methods in the insurance industry. It opened eyes to the ways that innovations and technology could do more than just efficiently get the...
