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Cloud service failure could cost $15bn

London, North America23-01-2018Insurance news, Reinsurance news, Technology News

An extreme cyber incident that takes a top cloud provider offline in the US for 3 to 6 days would result in economic losses of $15 billion and up to $3 billion in insured losses, according to a Lloyd’s Jan. 23 press release.

Insurtech Hippo secures $25m to fund expansion

North America22-01-2018Insurance news, Technology News

California-based insurtech company Hippo has raised $25 million in Series B funding, led by Comcast Ventures and Fifth Wall, and other fintech investors.

Insurtech InMyBag seeks £500,000 in funding

UK22-01-2018Insurance news, Technology News

Specialist tech insurer InMyBag is targeting £500,000 through crowdfunding as it launches an offering to replace gadgets.

Marsh in dispute over Marshmallow trademark

London, UK18-01-2018Insurance news

Insurtech startup Marshmallow is fighting broker Marsh’s attempt to block the use of its name, according to a Jan. 18 press release.

Munich Re partners with AI insurtech drone startup

Europe18-01-2018Insurance news, Reinsurance news

Munich Re has partnered with California-based AI startup Betterview for the supply of drone imagery, analysis and reporting to Munich Re’s insurance company clients.

Munich Re-backed new insurtech firm targets commercial fleets

UK18-01-2018Insurance news

Insurtech firm Camatics has launched in the UK as a commercial motor underwriter.

New UK P2P blockchain insurer raises £15m

UK17-01-2018Insurance news

InsurePal, a new peer-to-peer insurer raised £15 million ($18 million) in an Initial Coin Offering (ICO) to fund its UK motor launch in the first half of 2018.

Insurethebox founder launches new insurtech venture

London, UK16-01-2018Insurance news

Mike Brockman, the founding member of insurethebox has launched a new insurtech venture in London.

QBE launches drone cover

Asia Pacific16-01-2018Insurance news, Reinsurance news

Australia’s QBE Insurance Group is introducing a drone insurance policy in response to the rapidly expanding drone market, according to a Jan. 16 press release.

MS&AD takes full ownership of European insurtech firm

Asia Pacific, Europe16-01-2018Insurance news

Aioi Nissay Dowa Insurance Europe (the ANDIE Group), a unit of Tokyo-based MS&AD Group, plans to purchase the remaining 24.99 percent of shares of Box Innovation Group (BIGL), which includes the brands insurethebox and drive like a girl.

Showing 1 to 10 of 526 results

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