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The company plans to use more than $60 million in venture capital funding to expand beyond its New York base to 47 states.

If carriers don't support the independent agency channel, InsureTech start-ups will grab a piece of the small commercial market.

If insurers dont revamp their customer-facing web portals and apps, and an adversarial relationship with customers, then they stand to lose business, said Daniel Schreiber.

EY report highlights changes and challenges to come.

EY report highlights changes and challenges to come.

Thanks to efforts by AAMGA's Under Forty Organization and other young professionals groups within the industry, the insurance opportunities for Gen X and millennials are greater than ever.

Here's a promising growth market for InsurTech investors: smart, web-connected devices that will avail insurers of opportunities to better serve policy owners.

News from Tokio Marine America, Munich Re/HSB Ventures, Aspen and more.