Technology/Science
Online Insurance Platforms Foster Both Good and Bad Situations: Geneva Association
Online platforms can foster insurance market transparency and reduce both transaction costs and information asymmetries, factors typically associated with increased competition and societal welfare. ...
Q&A Website Quora Discloses 100 Million Users Hit by Security Breach
About 100 million users of Quora were affected by unauthorized access to one of its systems by a "malicious third party," the knowledge-sharing website said on Monday. Account information, including ...
InsurTech CoverWallet Unveils Platform for Agents
CoverWallet, a technology company that has been on a mission to "reinvent insurance for small business" customers, is now offering its platform for insurance agencies, the company revealed today. ...
The Hartford Acquires Y-Risk, an MGA Focused on the Sharing Economy
The Hartford has acquired Y-Risk, a managing general underwriter focused on the sharing and on-demand economy, from Allstar Financial Group Inc. Neither side is disclosing financial terms. Y-Risk ...
Carriers Will Increasingly Turn to the Cloud in 2019: Deloitte Prediction
Insurers are poised to increasingly embrace the cloud and related technologies in 2019, according to predictions Deloitte makes in a new report. Deloitte argues that for the insurance industry, an ...
The Latest Launches From Zurich/Snapsheet and Liberty Mutual
Snapsheet 's virtual claims technology will go global, thanks to a new strategic agreement with Zurich Insurance Group. Liberty Mutual said it has strengthened its Agents Errors & Omissions ...
InsurTech MGA Corvus Nails Down a $10M Series A Financing
Corvus Insurance has secured $10 million in new venture financing, money the InsurTech-focused managing general agent plans to use to jump into additional lines of commercial insurance. Two firms led ...
Startup Understory Raises $7.5M; Produces Weather Data for Insurers, Others
Understory, a producer of weather and related analytics data for insurers and others, raised $7.5 million in new financing designed to help propel an international expansion. The Wisconsin-based ...