Latest Data Driven Headlines

All the headlines from our Data Driven Topic Page, ordered by recency.

Miami Court Finds IDS Property Insurance Withheld Data on PIP Cases

Dec 29 2021 // In a class-action lawsuit that could affect no-fault auto insurance companies around the country, a Miami judge has sanctioned an insurer for willfully failing to turn over data that could show it was inappropriately...

Machine Learning Improves Lightning Prediction, Leading to Insight on a Key Wildfire Spark

Dec 29 2021 // Lightning’s destructive potential was showcased in 2020 when it sparked the massive California Lightning Complex fires, but it remains hard to predict.According to a new study led by the University of Washington,...

Zurich Insurance to Acquire Conversational AI Company AlphaChat

Dec 16 2021 // Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the group’s digital...

California Halts Pony.Ai’s Driverless Testing Permit After Accident

Dec 14 2021 // A California regulator on Monday said it has suspended a driverless testing permit for startup technology firm Pony.ai following an accident – the first time it has issued such a suspension.On Oct. 28, a Pony.ai...

New York City Aims to Be First to Rein in AI Hiring Tools

Nov 24 2021 // Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making...

Gone Phishing: There’s No Vacation for Data Security in the Insurance Industry

Nov 16 2021 // This post is part of a series sponsored by AgentSync.The summer months can bring some much-needed time off for many in the insurance industry. But one thing that shouldn’t be taking a break is your emphasis on...

Insurance Technology: Agents and Multi-Factor Authentication; TA Invests in Insurity Again; GCube Touts AI in Renewable Energy

Nov 15 2021 // ID Federation Offers Multi-Factor Authentication Resource for AgenciesInsurance carriers and their agency partners face a “gathering storm” of confusing requirements and changes in the area of multi-factor...

Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts

Nov 2 2021 // Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told Reuters, using machine learning in a pilot program similar to one already adopted by...

Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs

Oct 20 2021 // Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened...

Pentagon Ex-Software Chief Claims China Has Already Won AI Battle

Oct 12 2021 // China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial...

Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses

Oct 8 2021 // Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company...

ACORD Releases Re/Insurance Data Standards for Electronic Placing

Sep 29 2021 // ACORD, the standards-setting body for the global insurance industry, announced the expansion of its Global Reinsurance & Large Commercial (GRLC) Data Standards, to include new standards for electronic...

Swiss Re Partners with Insurtech Claim Genius for Efficient Motor Claims Using AI

Sep 22 2021 // Swiss Re is partnering with Claim Genius, an insurtech that provides artificial intelligence (AI) insurance claims solutions, to enhance motor claims efficiencies with real-time damage assessment and...

Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response

Sep 21 2021 // Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of...

Ford, Walmart and Self-Driving Startup Argo AI to Launch Autonomous Vehicle Delivery

Sep 20 2021 // Self-driving startup Argo AI, automaker Ford Motor Co. and Walmart Inc. will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday [Sept. 15].Initial...

INSIGHT: How Big Tech Ethics Panels Are Putting Brakes on AI

Sep 8 2021 // In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to.It turned down the client’s idea after weeks of internal discussions,...

Ford, Lyft, Argo AI Collaborate to Offer Robotaxi Service in Cities

Jul 21 2021 // Self-driving startup Argo AI, carmaker Ford Motor Co. and ride-hail company Lyft Inc. on Wednesday said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin.The service is expected to launch in...

Washington Commissioner Wants Auto Claims, Rebate Data from Insurers

Jul 19 2021 // Washington Insurance Commissioner Mike Kreidler issued a data call of 124 auto insurance companies for recent rebates given to policyholders during the COVID-19 pandemic.Kreidler is requesting claims data for private...

Washington Commissioner Wants Auto Claims, Rebate Data from Insurers

Jul 7 2021 // Washington Insurance Commissioner Mike Kreidler issued a data call of 124 auto insurance companies for recent rebates given to policyholders during the COVID-19 pandemic.Kreidler is requesting claims data for private...

Howden’s Data Analytics Unit, HX, Launches Insurance Market Information Platform

Jul 1 2021 // HX, the data analytics and advisory division of London-based Howden Group Holdings, announced the launch of NOVA, a first of its kind insurance business intelligence platform, which enables users to better understand the...