All the headlines from our Data Driven Topic Page, ordered by recency.
Apr 5 2018 // The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best says in a report.“Underwriting cycles have been...
Mar 27 2018 // The controversy surrounding the political consulting firm Cambridge Analytica’s use of personal data harvested from social media accounts without the users’ permission is among the first of what likely will be...
Mar 27 2018 // An algorithm can predict which passengers survived the sinking of the Titanic in April 1912 and can do so with 97 percent accuracy—a result that both demonstrates the power of artificial intelligence and, more subtly,...
Mar 19 2018 // Advancements in technology are driving continued evolution throughout the insurance industry. From insurtech and telematics to artificial intelligence (AI) and digitalization, the industry continues to face increased...
Mar 14 2018 // Large commercial brokers transacting business with multiple carriers and distributors are seeking to differentiate themselves in a competitive marketplace through improved technology such as artificial intelligenceI,...
Mar 12 2018 // Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world’s largest private equity firm is expanding into a lucrative business dominated by BlackRock Inc.: portfolio risk...
Feb 21 2018 // Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial drones into targeted...
Feb 9 2018 // The Maryland Joint Insurance Association left data about some of its customers exposed online, but there’s no evidence it was accessed improperly.The Baltimore Sun reported Wednesday that a California-based...
Jan 31 2018 // Munich Re’s HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things (IoT), data analytics and artificial intelligence (AI) startup, which is seeking to expand internationally.Founded in...
Jan 8 2018 // Insurtech is often framed as a force of disruption in the insurance industry. But technology doesn’t disrupt the industry – it enhances the way carriers and customers interact. In 2018, I predict we will...
Dec 28 2017 // Madison, Wisconsin-based American Family Insurance has named Todd Fancher as its first digital transformation officer.Fancher will oversee American Family group’s strategic investment in technology and practices that...
Dec 21 2017 // Red and green make yellow.And depending on how one feels about climate change, it could be considered a cautionary tale for the U.S. that China plans to create the world’s largest carbon market, possibly making it...
Dec 15 2017 // American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked...
Dec 6 2017 // Artificial intelligence startup Cytora has raised $5.9 million in new financing from investors including divisions of QBE’s venture capital arm and Starr Cos.QBE Ventures, Starr Global Holding, Cambridge Innovation...
Nov 20 2017 // Now that this October’s wine country fires have been contained, the ravaged San Francisco Bay area countryside can begin the rebuilding process. The effects of the wildfires, however, will be further reaching than...
Nov 1 2017 // Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on Wednesday.The FSB, which...
Oct 31 2017 // QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal...
Oct 19 2017 // Insurance Commissioner Dave Jones today released preliminary data provided by eight California insurers processing claims for tens of thousands of policyholders that shows $1.045 billion in losses to commercial and...
Oct 9 2017 // Lloyd’s of London wants to infuse artificial intelligence (AI) technology into the daily business it does with its customers.The world’s largest insurance market signed a global deal with Expert System that...
Oct 6 2017 // Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company.Guidewire will pay approximately $275 million...