Homeowners in Massachusetts are increasingly facing nonrenewals of their insurance policies despite the state’s reputation for being relatively safe from natural disasters. This year, nonrenewal rates have notably increased to 1.51%, which, compared to previous years, is a clear reflection of s
Digital healthcare has revolutionized the medical field, offering numerous benefits such as enhanced patient care, convenience, and accessibility. However, this transformation to telemedicine and digital health platforms has brought about new and complex liabilities that need to be addressed. CFC,
A data breach at the insurance firm Lemonade has exposed the driver’s license numbers of thousands of people over a period of 17 months. The New York-based company disclosed the security incident, which occurred in both 2023 and 2024, due to a vulnerability within its online application process. T
In the modern digital age, the insurance industry is experiencing a transformative evolution driven by artificial intelligence (AI) and automation. Large national insurance firms have rapidly embraced AI, leveraging it to optimize client interactions, streamline underwriting processes, and enhance
The impact of weather-related incidents on property insurance has grown significantly, with natural disasters like wildfires and severe storms posing substantial threats to insurers. To combat these challenges, the collaboration between Cytora, a digital risk processing platform, and Vāyuh, an
Zurich Insurance Group, known for its global expertise in risk management, has made a notable investment in the Hungarian digital insurer Ominimo during its Series A funding round. This strategic move values Ominimo at €200 million (approximately $227.86 million), giving Zurich a minority share in t
Can a Tech-First Approach Truly Transform the Age-Old Insurance Industry? Imagine an insurance process that is seamless, accurate, and transparent, where claims are handled swiftly and premiums are fair, all powered by artificial intelligence (AI) and big data. Enter Ominimo, a beacon of innovation
The tech industry has witnessed a significant wave of layoffs in 2025, raising questions about the driving factors behind these job cuts. As companies lean increasingly on artificial intelligence (AI) and automation, the human impact is becoming more pronounced, affecting thousands of employees
Artificial intelligence (AI) is transforming the insurance industry, offering a much-needed upgrade to efficiently manage the surge in claims caused by extreme weather events. Insurers face mounting challenges from climate change, including processing a high volume of claims and mitigating
BrokerTech Ventures (BTV), renowned as the first broker-led platform and accelerator program in the insurtech industry, has revealed the insurtech startups selected for its 2025 Accelerator Cohort, aiming to transform the landscape of insurance technology. Notable among the chosen startups are
