All the headlines from our Automation Optimization Topic Page, ordered by recency.
May 6 2016 // Personal lines insurers are most likely to benefit from wide uses of automation in underwriting, a new report has found.“They are more likely to have a homogenous book of business and a standardized product...
Apr 29 2016 // Trust in automation technology including driverless cars is very much age dependent, as younger consumers have a notably higher level of confidence in the technology than their older counterparts, according to the J.D....
Apr 27 2016 // While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture.Accenture’s fintech research reveals...
Apr 18 2016 // Legislation approved this week in a House committee would authorize the use of automated license plate readers to flag uninsured motorists at a time when Oklahoma leads the nation in uninsured motorists on the road.One in...
Apr 12 2016 // Imagine sitting at your desk writing a quote for an insurance policy and suddenly the lapel of your coat begins angrily buzzing, snapping you out of a daze and causing you to quickly straighten up and become alert.The...
Apr 4 2016 // Massachusetts’ chief securities regulator is pushing back against automated investment services, saying it’s not clear that they can act in the best interest of clients.So-called robo-advisers may be inherently...
Mar 14 2016 // Existing U.S. laws pose few barriers to adoption of autonomous vehicle technology so long as cars and trucks stick with existing designs allowing humans to take control, the agency overseeing traffic safety said...
Mar 1 2016 // How much people trust technology and what type of driving alerts they respond to may have as much or more to do with the success of autonomous vehicles than technological, legal and security concerns, according to two new...
Feb 19 2016 // Ever since robots emerged from the pages of science-fiction novels into the real world, humans have feared being usurped in the workplace.That worry may be more fictional than scientific. A recent study by the VDMA...
Feb 8 2016 // Automation could leave up to 25 percent of the insurance industry’s current full-time positions consolidated or replaced over the next decade, McKinsey & Co. said in a new report, “Automating the Insurance...
Feb 1 2016 // Automation could leave up to 25 percent of the insurance industry’s current full-time positions consolidated or replaced over the next decade, McKinsey & Co. said in a new report, Automating the Insurance...
Jan 25 2016 // In mid-January, the Missouri Department of Insurance issued a bulletin to insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state.“Price...
Jan 21 2016 // You don’t often hear a libertarian praising a federal regulator when it starts offering “guidance” and “coordination” for some innovative industry. Well, mark your calendars, folks, because...
Jan 19 2016 // Counting every raindrop or measuring every gust of wind is impossible, but New York is getting closer with a uniquely extensive statewide system of automated weather stations that should paint a dramatically clearer...
Jan 13 2016 // The Missouri Department of Insurance has issued a bulletin to Missouri insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state.“Price...
Dec 31 2015 // As the year 2015 comes to a close, here’s a look at InsuranceJournal.com’s most popular East region news stories of the year. Among the 1,100 stories posted in the East region this year, the following were 50...
Dec 21 2015 // Connecticut has joined the growing number of states that have banned or restricted the practice of “price optimization” in insurance pricing.Connecticut Insurance Commissioner Katharine L. Wade announced that...
Dec 7 2015 // Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance.Rothman said the anti-consumer...
Dec 4 2015 // Connecticut has joined the growing number of states that have banned or restricted the practice of “price optimization” in insurance pricing.Connecticut Insurance Commissioner Katharine L. Wade announced that...
Nov 24 2015 // An official bulletin issued by Colorado Insurance Commissioner Marguerite Salazar to insurance companies that prohibits insurance companies banning price optimization techniques in rating customers, is being praised by a...