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Today's Headlines June 18, 2021

Insurers Are Waking Up to Multi-Factor Authentication

Insurance use cases for multi-factor authentication (MFA) include distributor access, external user access (e.g., claims vendors, financial advisers), internal user access and policyholder access. Legislation and regulators are increasingly mandating MFA to ensure greater security as well as to reduce identity theft and other forms of fraud. Examples include the New York State cybersecurity regulation... read more
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Weekend Storm Warnings Issued For Gulf Coast: Louisiana to Florida

The National Hurricane Center on Thursday issued a tropical storm warning for the Gulf Coast from Intracoastal City, Louisiana, to the Alabama/Florida border, including Lake Pontchartrain, Lake Maurepas, and metropolitan New Orleans. By Friday morning, the warning had been extended eastward for the Florida Panhandle from the Alabama/Florida border to the Okaloosa/Walton County line. The... read more
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AI-Focused InsurTech Tractable Attracts $60M, Reaching Unicorn Status

The InsurTech Tractable has pulled in $60 million in fresh venture capital. Executives expect to use the money to further the company's artificial intelligence technology for accident and disaster recovery, and also develop new products. read more
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InsurTechs Help Carriers Bridge the Digital Divide in Multiple Ways

As the COVID-19 pandemic has pushed many insurers to embrace more technology, there has been some talk of how InsurTechs can step in and help insurers navigate the ever-changing digital space. read more
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Ex-AIG Exec Wilson Joins CLARA Analytics as CEO

A former AIG chief data officer is the new CEO at CLARA Analytics, a provider of artificial intelligence technology for the commercial insurance industry. read more
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Britain Urges EU to Avoid Protectionism, Launch Financial Services Talks

Britain's finance ministry called on the European Union to open talks on financial services, after the London Stock Exchange on Tuesday urged the bloc to avoid protectionism. read more
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Reinsurers Seek Ways to Exclude Coal From Treaty Reinsurance

Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments, but now comes the hard part - finding ways to exclude coal from bulk-buy contracts, known as "treaty" reinsurance. read more
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Google to Confront Revived Shareholder Lawsuit Alleging It Hid Security Risks

A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc accused the company of fraudulently concealing security vulnerabilities, including in its Google+ social network. read more
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U.S. Pet Insurer Trupanion Plans Overseas Expansion

Trupanion, the Seattle-based medical insurer for cats and dogs, is pursuing an international expansion and has hired an executive to help guide the effort. Simon Wheeler will be its executive vice president of International Business. A 30-year veteran of the animal health industry, Wheeler will join Trupanion in October from Swedish-based Agria Pet Insurance Ltd.... read more
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Research and Webinars

How to Stem Policy Lapses, Reduce Cancellations, and Attract New Policyholders

New consumer trends reveal the path carriers can follow to thrive in this ...
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7 Predictions for P&C Insurance Experiences in 2021

Against the backdrop of digital transformation and the pandemic, insurers can ...
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Technologies transforming the claims and underwriting space

Striking the right balance between automation and the human touch is a top ...
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Why Technical Debt is Impeding Insurers & What to Do About it

60% of CIOs say their organization's technical debt has risen over the past ...
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A 3-Step Guide to Insurance Transformation

The insurance industry faces significant disruption from multiple fronts, ...
read more
Media

EP. 24: What You Need to Know About the Delta-8 Buzz

InsurTech Newsletter


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