Insurtech

Global insurtech funding increased from about $917 million in the second quarter of this year to about $1.1 billion in the third quarter.

More news: Markel appoints digital and portfolio executive in distribution strategies and business development.

The transaction is expected to close early next year.

Adam Fox, MassMutual's head of distribution technology & data science, spoke with Digital Insurance about the main objectives of its Health and Wellness Program.

As insurers automate more aspects of the insurance experience, it expands how services are provided and priced for policyholders.

There were about 50 funding events in the insurtech sector in October, according to a review by Digital Insurance.

Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.

Michael Shashoua, senior editor of Digital Insurance, reported on developments from ITC Vegas Oct. 31-Nov. 2, 2023.

For the fifth year in a row, The Hartford ranked first in the small commercial insurance scorecard. Progressive ranked second. Nationwide ranked third.

The mobile app allows older adults to shop for final expense insurance with anonymity and product transparency.

Nationwide is partnering with Resideo Technologies to offer its thermostats, fire, smoke and water leak detectors, and related home security solutions to its policyholders in a pilot program starting in early 2024, with policy discounts for their use, according to company officials.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

Businesses need to rethink their approaches to insurance cost reduction.

Low-code platforms are a type of visual software development environment that empower professionals to create mobile or web applications with relative ease.

Panelists emphasized the significance of a comprehensive data strategy and ethical AI use, along with the industry's potential for innovation.

The insurer detected unusual activity in the network last week.

In other news: Betterview partners with Near Space Laps and CCC introduces new AI photo analysis.

A committee of Vesttoo creditors said the company is "viewed as the Madoff of insurance" and that its remaining cash should be preserved so it can pursue potential litigation against former corporate insiders and other parties involved in the alleged fraud, according to a court filing Sunday.

Spot cargo trucking insurance start-up adds partnerships, expanding its distribution and embedding in the markets where truckers book their freight assignments.

Strategy executive Michael Mahaffey spoke about how the insurer's digital transformation is an ongoing effort, and the accelerated evolution of technology he sees.