News and Information from Digital Insurance

Governance, risk and compliance programs are an under-utilized risk mitigation tool for cyber insurance.

Venture capital firms and insurers, led by Adams Street Partners, raised $162 million for the life insurance technology company.

The three largest deals had an average round amount of $101 million.

Travelers Canada acquired by Definity for $2.4 billion and Nearmap to acquire itel, plus more insurtech news.

Insurance carriers can increase success by strengthening partnerships with agencies.

The law, set to go into effect later this year, was introduced to prevent potential money laundering in all-cash purchases made by companies or trusts.

A recent Digital Insurance survey found that boosting workplace efficiency and customer experiences were a handful of goals for artificial intelligence use.

Ignited by the events of the SVB collapse, Warrant harnesses AI to streamline marketing compliance efforts in highly regulated industries.

The insurance market isn't keeping pace with the connected, data fluid, and intelligent potential already inherent in the automotive sector.

Zurich North America announces leaders in national accounts and underwriting; Aon's new chief strategy officer, plus more career moves

Cybersecurity is a top challenge for business leaders, according to The Hartford's 2025 Risk Monitor.

Cybersecurity requires combating misinformation and empowering employees with critical fact-checking strategies to guard against bad actors.

AI is making insurance more intuitive, personalized, and accessible for today's diverse small business models.

The state's regulator said the insurer must show it will cover more homeowners, and be more transparent. Consumer advocates want more concessions, saying the insurance crisis can't be solved on the backs of homeowners.

For carriers serving high-risk drivers, speed, accuracy, and trust are not just nice to have — they are business-critical.

The Insurance Information Institute report calls for a focus on high-quality data to target insurance availability and affordability in wildfire-prone areas of California.

Misunderstandings over flood insurance coverage can be costly for homeowners when damage occurs.

Ransom demands decreased 22% in 2024, according to new Coalition data.

Managing general agents are using speed and flexibility in underwriting to meet changing market demands.

U.S. and global insurance regulators have been paying more attention to AI operations. Insurers are advised to watch how they use AI for pricing and guard against bias.

As the Federal Deposit Insurance Corp.'s Deposit Insurance Fund inches toward replenishment, acting Chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.

Insurance companies should be transparent about AI models and their data processing, industry advisors said.

Insurers must monitor state and federal regulations closely because they are constantly changing.

Insurers note modernizing legacy systems as a top challenge for implementing AI within the industry.

Owen Williams, associate product manager, focuses on how IoT technology is shaping risk management practices.

Garrett Droege, an innovation and risk executive at IMA, spoke about the demands agentic AI makes on smaller insurance companies, and how they can use the technology.

Insurers should proactively quantify and mitigate internal cyber exposure.

Marsh McLennan moves to Amazon cloud; ZestyAI in Connecticut and West Virginia and more insurtech news.

Owen Williams of Plymouth Rock Assurance explains how the company is taking a proactive perspective to its adoption of IoT technology for homeowners.

Forty-seven percent of auto insurance shoppers now purchase policies via digital channels, according to the J.D. Power 2025 U.S. Insurance Digital Experience Study.

What happens when conventional risk assessment models face modern security challenges?

Consumer Watchdog says increase was not justified, while insurance commissioner points to concessions gained from the insurer.

The Geneva Association report analyzes the impacts of extreme weather and socioeconomic factors on home insurance availability and affordability.

As part of the Chicago Quantum Exchange, the insurer will engage with quantum experts and startups to accelerate AI and machine learning development.

Sarah Kim, a partner at Centana Growth Partners speaks about the current M&A landscape and the future of technology in the insurance industry.

True road safety will require more than speed enforcement. It will take data-driven insights and collaboration across the entire transportation ecosystem.

April was a mixed bag for title companies, executives said on earnings calls, but some are expecting a stronger market the rest of the year.

Insurers rely on video for faster claims and risk assessment and AI-powered redaction reduces data protection compliance risks.

Congress and Trump Administration calls for elimination of Federal Insurance Office and FEMA, if successful, would ripple through insurance and banking industries, say climate financial risk policy experts and officials.

The Council of Lloyd's selects executive with more than 30 years of experience to lead the organization.

Legacy IT issues, complicated cloud migrations and budget constraints pose major hurdles to AI adoption.

As EV adoption increases and residential charging becomes the norm, fire risk has emerged as a meaningful coverage concern.

There were about 53 funding events in the insurtech sector in April, according to a review by Digital Insurance.

Half of U.S. states allow the method of marketing to cyber security policyholders and clients, which has potential to reduce the impact of cyber incidents, according to research by The Institute for Security and Technology (IST).

Why next-gen risk models are the key to market resilience.

A majority of the insurance industry has strong cybersecurity practices, but is lacking in some areas.

Many AI strategies focus on high-value tasks that provide new business opportunities for agents and brokers.

The aging global population will shift the insurance industry by 2050, according to a new report from The Capgemini Research Institute.

Discover how artificial intelligence is reshaping commercial insurance, enhancing efficiency, and driving profitability.

Clearwater Analytics acquires Beacon; Earnix buys Gen AI provider, plus more insurtech news.

A good tech tool paired with the right safeguards could save patients and healthcare professionals a lot of time, effort and money.

These insurtechs have used AI to improve their businesses.

Collaborating with clinical experts helps seed health programs that not only bend the cost curve but also enhance workforce performance and morale.

While insurance carriers and insurtechs are excited about the technology, independent agents point to their unique hold on insurance customers.

Three areas for insurance leaders to explore related to the role of tech in risk management.

Representative of the state's insurance industry tells regulator that insurers have to pass on the cost to stay solvent. Comments on the proposal are open through May 5.

To stand out, insurers must go beyond the status quo, prioritizing seamless experiences for both customers and employees.

Embedded insurance leverages data and tech to offer coverage seamlessly online, meeting customers when and where they need it.

Most employers expect to have a greater reliance on advisers over the next five years amid growing demand for data driven-insights about the value of benefits.

Making sure younger employees have a clear understanding of their benefit offerings can help them stay healthy and cut down on unnecessary costs.