Technology/Science
Hover CEO Altman Eyes Growth, Future as a Standalone 3D Software Company
Often an InsurTech attracts venture investment from at least one insurer, sometimes two. For Hover's recent $60 million Series D round, there were three. Capital contributions came from the insurers ...
Zywave Will Snatch Up ITC
Insurance technology company Zywave said it will acquire Insurance Technologies Corporation (ITC), a provider of marketing, rating and management software and services for the insurance industry. ...
Flyreel Raises $10M for AI Underwriting and Claims Technology
Flyreel, an artificial intelligence startup focused on claims technology for residential and commercial property insurers, raised $10 million in Series A financing from investors including Guidewire ...
General Motors Debuts Usage-Based Auto Insurance Supported by OnStar Vehicle Data
General Motors Co on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies hoping to cash in on the vast amounts of data generated ...
Zywave Snatches Up Advisen in Move to Accelerate Global Growth
Insurance technology company Zywave snatched up Advisen, a global insurance data provider, in a deal expected to fuel more rapid international growth. The acquisition includes WCL, a UK-based Advisen ...
Zoom Misled Users About Security, FTC Says; Settlement Announced
Federal regulators are requiring Zoom to strengthen its security in a proposed settlement of allegations that the video conferencing service misled users about its level of security for meetings. The ...
InsurTech CoverHound Acquired by Broker Brown & Brown
Another InsurTech has been acquired. This time, insurance broker Brown & Brown, Inc. bought CoverHound, a digital property/casualty insurance marketplace, and CyberPolicy, CoverHound's small ...
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...