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Insurtech

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June 20, 2025
Illustration showing symbols for wealth and for bitcoin. Could-a-bitcoin-based-indexed-annuity-be-in-the-future

Could a bitcoin-based indexed annuity be in the future?

An insurtech holding company is seeking a fronting carrier and regulatory approval for a bitcoin-based indexed annuity.

Nvidia goes nuclear — company joins Bill Gates in backing TerraPower, a company building nuclear reactors for powering data centers

June 19, 2025

Nvidia, through its venture capital arm NVentures, has joined Bill Gates and HD Hyundai in raising $650 million to back TerraPower, Gates’ nuclear power startup founded in 2006 that’s been working on small modular reactor (SMR) technology to standardize, miniaturize, and scale nuclear power. The startup is developing a 345-megawatt Natrium plant in Wyoming that…

June 19, 2025
Group of robots are working in a large room with 3d interfaces. CFP Board convenes AI Working Group.

CFP Board convenes AI Working Group

The CFP Board has convened an AI Working Group to explore how artificial intelligence is transforming the financial planning ecosystem and to define the evolving role of human expertise in the future.

Erie Insurance sued over claims that customer data was exposed in 'ransomware' attack

June 16, 2025

The suit seeks monetary damages, lifetime identity protection for victims and a court order requiring Erie to strengthen its data security practices.

May 28, 2025
Illustration of an expert drawing an AI framework diagram on a whiteboard.

Free online tool helps insurers map out AI governance framework

Insurers now have a free resource to help develop their AI governance frameworks thanks to a new online assessment tool offered by SAS.

Information of 38,000 UChicago medical group patients potentially exposed in cybersecurity breach

May 28, 2025

UCM Medical Group said in a news release that one of its vendors— debt collection agency Nationwide Recovery Service— notified the group that in July an unauthorized person accessed the company’ s systems. The exposed information may have included first and last names, addresses, dates of birth, Social Security numbers, financial account information and/or…

Shootings, fraud investigation and a cyberattack: UnitedHealth goes from record highs to a 50% drop in stock price

May 19, 2025

In that time, the company has experienced the murder of a top executive, been embroiled in federal investigations for allegedly defrauding the U.S. government and suffered the fallout from a cyberattack that cost it billions. On November 11, 2024, UnitedHealth reached its all-time high on the stock market: $625 per share, giving it a market capitalization of…

May 19, 2025
Insurtech symbols overlapped with a $100 bill. Insurtech-investment-roars-back-in-Q1.

Insurtech investment roars back in Q1

After several quarters of stagnant growth and investor fatigue, the insurtech sector roared into 2025 with renewed purpose.

May 14, 2025
Image showing robotic arms doing SEO research on a PC. How-insurance-agents-can-use-custom-GPTs-to-improve-SEO-rankings.

How insurance agents can use custom GPTs to improve SEO rankings

Insurance agents seeking to improve their SEO rankings can capitalize on customized versions of AI platforms.

April 30, 2025
Illustration showing insurance workers using LLMs. Industry-specific-LLMs-to-become-focus-of-innovation,-expert-says.

Industry-specific LLMs to become focus of innovation, expert says

Industry-specific large language models are expected to drive innovation as AI adoption continues,, according to one expert.

April 28, 2025
Image of a hail storm. How-CIRSA-uses-hail-alerts-to-protect-municipal-fleets,-reduce-risk.

Q&A: How CIRSA uses hail alerts to protect municipal fleets, reduce risk

Hail property damage has gotten more severe over the last 7 or 8 years, prompting a proactive approach and the use of innovative technology.

April 25, 2025
Image showing an insurance agent in an old-fashioned office with an older PC and a pile of papers. Failure-to-modernize-operations-could-be-holding-American-insurance-companies-back.

How failure to modernize could be holding insurance companies back

Failure to modernize back-office operations and embrace new technology that enables efficiency could be holding some insurance companies back.

April 24, 2025

MIB Group introduces first e-signature platform specifically for life insurance

The first e-signature and workflow support platform specifically designed for life insurance should bring speed and simplicity to the industry, MIB Group said.

April 18, 2025
Image shows the word "Regulation" and the NAMIC logo
NAMIC says regulations efforts over use of AI in insurance are misguided at best.

NAMIC: Insurance AI regulation efforts driven by ‘unfounded notions’

Efforts to regulate the use of big data and artificial intelligence by insurance companies are misguided and threaten to harm policyholders, a trade group claims.

April 14, 2025
Illustration of a "smart" home and automobile showing data nodes throughout. How-data-augmentation-might-speed-up-AI-adoption-in-P&C-insurance.

How ‘data augmentation’ might speed up AI adoption in P&C insurance

While advances in artificial intelligence have been slow to reach commercial P&C insurance, new trends in data augmentation could help pick up the pace, according to experts on a recent Insurtech Insights panel.

Social Security changes have Minnesotans worrying and waiting

April 11, 2025

Discouraged by several hours-long waits on hold to make changes to the federal withholding on his Social Security payment— and unable to log in to his online account— retired teacher Lonnie Duberstein decided to make the 15- minute drive to his local office and do it in person. Senior advocates are warning of many possible issues facing Minnesotans as the…

April 11, 2025

How insurers can weather extreme storms with AI

AI-based tools can be used to help speed up the initial assessment of claims and triage them

April 9, 2025
Illustration of an insurance worker filing papers with rapid speed. Study-finds-insurance-industry-one-of-most-productive-despite-slow-AI-adoption.

Insurance industry slow to adopt AI. How has that affected productivity?

An ActivTrak Productivity Lab study examines the productivity of the insurance industry in the face of low AI adoption.

April 7, 2025
AI illustration with a financial advisor pondering use of AI with an AI angel over one shoulder and an AI devil over the other. Should-financial-advisors-use-AI--Expert-weighs-in.

Should financial advisors use AI? An expert weighs in

With many consumers having embraced AI themselves, how do they feel about financial advisors using the technology. One expert weighs in.

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