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Innovation-Driven Growth in Auto
 
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Today's Headlines July 14, 2021

Does It Ever Make Sense for Firms to Pay Ransomware Criminals?

Global insurance company AXA announced in May that it will stop writing cyber insurance coverage in France that reimburses customers for making payments to ransomware criminals. Cyber insurance policies have long covered these ransom costs, and it is widely anticipated that other insurance companies will follow suit. While this news is important to companies as... read more
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From the CM Archives: An InsurTech CEO's Take on Ransomware Attacks

Phil Edmundson, the Corvus founder and CEO, explains why ransomware is becoming increasingly common, and how the industry can and should respond. read more
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 Brand Spotlight 
Mining for Digital: New Routes to Improve Insurance Customer Experience

Tunnels, once the greatest innovation in transportation, are poised to be the greatest once again through innovation and rethinking of transportation. While Elon Musk has been looking to the sky with SpaceX, he’s also been going underground with the Boring Company, creating test tunnels in ...read more
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Lula Raises $18M, Allowing Big Expansion of Its API Tech for Insurance Infrastructure

API InsurTech startup Lula plans to aggressively hire and expand its product capacity now that it has raised $18 million in new venture capital. The company started out as a car sharing app for college students, Now, Lula is an API (application programming interface) outfit that provides companies of all sizes with their insurance infrastructure. read more
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Online Insurance Marketplace Policygenius Reportedly Exploring Going Public Through SPAC Merger

Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP Forward Acquisition Corp. I, according to people with knowledge of the matter. read more
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Zurich Insurance Chief Investment Officer Named as New Swiss Markets Watchdog

Switzerland's markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial supervisor. read more
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Applied Underwriters Snatches Up Generali Group's U.S. Specialty Lines Arm

Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers extended warranty programs and contractual liability insurance services. read more
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Canadian Municipalities Face Insurance Premium Hikes After COVID Revenue Collapse

Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for residents. read more
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Executives On The Move at The Hartford, Beazley and BHSI

An AXA XL veteran is joining The Hartford as Chief Underwriting Officer within its Global Specialty business unit. Beazley hired a new Chief Operating Officer. A veteran Chubb executive signed on with Berkshire Hathaway Specialty Insurance to lead its recent property insurance underwriting expansion in Germany. read more
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Research and Webinars

Rob Galbraith shares strategies to 'pre-pay' for future innovation.

60% of CIOs say their organization's technical debt has risen over the past ...
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Industry Survey: Managing Distribution Onboarding in the Digital Era

Managing agent and agency onboarding is a business critical function for ...
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A 3-Step Guide to Insurance Transformation

The insurance industry faces significant disruption from multiple fronts, ...
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Value Chain Disruption in Insurance

83% of insurance CEOs say they are "concerned" about the speed of technological ...
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Concrete steps and tactics for improving policyholder relationships

Against the backdrop of digital transformation and the pandemic, insurers can ...
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Media

EP. 18: What Insurers Should Know as Ransomware Takes Center Stage

InsurTech Newsletter


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