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Insurance Technology

Frost & Sullivan | August 17, 2021

Based on its recent analysis of the North American telematics data exchange market, Frost & Sullivan recognizes Verisk Analytics with the 2021 North American Company of the Year Award for pioneering connected telematics data exchange technology. With the largest data repository of connected vehicle driving data in North America, the Verisk Data Exchange provides significant value to consumers, insurers, and original equipment manufacturers. Consumers benefit from personalized premiums, insur...

Lloyd | July 23, 2020

Earlier this week, fresh hope of a COVID-19 vaccine was introduced by researchers at Oxford University, who described the initial results of their attempts to create a vaccine as “encouraging”. Today, the Financial Times (FT) has reported that Lloyd’s of London is going to start offering cover for the delivery of any future vaccine for COVID-19, which will enable the safe transportation of the vaccine to low-income countries. The safe delivery of vaccines has been highli...

Insurance Business Magazine | January 31, 2020

Insurtech investment hit an all-time high in 2019, according to a new report from Willis Towers Watson. Total worldwide funding commitments in the insurtech sector totaled $6.37 billion in 2019. That’s a third of the historic total funding for the sector. The fourth quarter alone saw $1.99 billion invested in 75 projects. Eight “unicorn-making” investment rounds happened last year, according to Willis Towers Watson’s Quarterly InsurTech Briefing. The rounds led to the cre...

CAC Specialty | March 20, 2020

CAC Specialty has entered into a strategic partnership with funds managed by affiliates of Fortress Investment Group. The strategic relationship allows CAC Specialty to help with the capital needs of its clients with their acquisitions, recapitalizations, growth capital and other financing transactions. Fortress is ready to offer short-term financing for CAC clients experiencing liquidity pressure due to both the direct and indirect impact of the COVID-19 pandemic. “During this challenging...