Capital markets

A new part of the company’s global underwriting and analytics office, AXIS Digital Ventures will look to build partnerships to improve distribution.

Startup companies targeting the insurance sector are seeing more investment, but not to the level of the biggest deals in other financial sectors.

The startup companies will go to a final round at the organization's annual conference in New Orleans.

REIN’s DroneInsurance.com supports pilots on both year-round and project bases.

Existing backers Index Ventures and New Enterprise Associates also participated in the funding.

A 13-week program connects MetLife leaders and Techstars mentors with new companies to help refine products.

Once viewed as disruptive competitors and threats to established insurance companies, insurtech startups are increasingly seen as supporting players that can help incumbent insurers enter new markets and offer new services.

Carrier venture arms and Silicon Valley stalwarts alike continue to pour money into startups promising to revolutionize the insurance sector.

Manulife, Sun Life and Industrial Alliance chipped in nearly $300 million to help the MaRS discovery district pay back a government loan.

The company partners with National Guardian Life to sell insurance coupled with connected toothbrushes in 16 states.

The star-studded funding round includes money from funds associated with Jay-Z, Kevin Durant and Robert Downey Jr., indicating insurtech's broadening appeal.

Business value is being generated by many startups – and no insurer is going to walk away from that.

Its venture arm is investing in a number of artificial intelligence companies, most recently machine-learning company HyperScience.

The digital giant's involvement with an Indian insurtech doesn't mean it will be selling policies soon, but does give insurers something to think about.

The $724 million in deal volume so far this year is a significant increase from the same period in 2017, say Willis Towers Watson and CB Insights.

The company has signed on with three companies in 2018, seeking early traction and a strong team., says business development VP.

Carriers cite the speed of product development in these programs and the ease of access to dozens of startups in one location as major benefits of these relationships.

The insurtechs showcased their platforms and the potential use cases for the industry, in areas such as claims, customer experience and underwriting.

The insurer set up an innovation lab in 2016 with SVP of Commercial Auto Kim Garland at the helm, but also keeps a sharp eye out for transformation occurring outside company walls by insurtechs.

The NAIC's three-year plan to adopt emerging technologies and a newly announced focus on distracted driving are sure to catch carriers' eyes.