Technology
Google business model under siege in Europe after record fine
A record fine from the European Commission (EC) might force Alphabet to change its business model. The Commission’s actions reveal that the risk of...
On-Demand insurer Trov finds expansion in Arizona
InsurTech startup Trov makes a significant step towards its international expansion, entering the US market, as it begins to offer on-demand insurance to Arizona...
Lemonade takes Wefox One insurance to court
New York-based insurtech Lemonade is suing Wefox’s One Insurance for copyright infringement of its Intellectual Property (IP). Julian Teicke, founder of One Insurance, and...
EverQuote announces IPO becoming first US InsurTech firm to go public
InsurTech startup EverQuote filed S-1 paperwork with the US SEC on 4 June making it the first US InsurTech firm to go public. Led...
PayPal Venmo settles FTC charges over security and privacy flaws
PayPal settles Federal Trade Commission (FTC) charges over security and privacy flaws in its peer-to-peer (P2P) payment app Venmo.
As part of the settlement, Venmo...
Two major risks to sway the uncertain ICOs market future
US Commodity Futures Trading Commission (CFTC) followed regulators around the world in issuing a stern warning regarding the potential pitfalls of cryptocurrency speculation.
The regulator...
Smart homes imminence presents new incentives to insurers
Five in 10 US households with either homeowners or renters insurance policies are interested in installing smart devices in their home that can detect,...
AXA testing Blockchain with new flight delay insurance product
French insurer AXA launches new flight delay insurance product based on the latest Blockchain technology that offers automatic compensation to travellers who have their...
Latest Equifax breach is creating a cybersecurity fatigue
The greatest danger from massive cyberattacks like the Equifax hack is “data breach fatigue.”
Data breach fatigue occurs when people simply stop paying attention to...
WannaCry attack exposes the risks of an interconnected online world
The massive WannaCry cyberattack on 12 May 2017 demonstrates the need to insure against the risks created in today’s interconnected online world.
WannaCry – also...
The risks from election hacking
Allegations of election hacking in the United States have exposed the vulnerability of modern political systems to outside interference. The reaction to the hacking...
Careless LinkedIn overlooked regulatory compliance risks
What were they thinking? Was there a Risk Officer on the LinkedIn ship … it’d appeared not.
Earlier last month and after several warnings the...
Google eyes partnerships with insurers in France
Google is eyeing to enter the insurance market through partnerships with insurance companies.
The technology giant is looking to forge partnerships with insurance providers in...
Insurers need to worry about uberisation
Uberisation; the paradigm shift to a data-driven gig economy is both, a threat and an opportunity for insurers.
The threat is that data-driven marketplaces, like...
