All the headlines from our Data Driven Topic Page, ordered by recency.
Mar 7 2022 // Auto insurance pricing is complex, challenging carriers to deliver competitive rates that effectively balance risk with profit potential.Fortunately, the evolution of telematics has streamlined the pricing process to...
Feb 25 2022 // With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders that results will get...
Feb 7 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
Feb 7 2022 // For at least the past couple of decades, it seems that in just about every contract, the upstream party wants to be an additional insured (AI) on the downstream party’s insurance. Most commonly, the request is for AI...
Jan 31 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
Jan 25 2022 // Great American Insurance and Assurely Offer D&O to Startup FirmsThe Executive Liability division of Great American Insurance Group and the insurtech, Assurely, announced an agreement to offer directors and officers...
Jan 21 2022 // American Financial Group (AFG) recently acquired Verikai Inc., a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk.AFG said it paid approximately $120...
Jan 3 2022 // New Florida laws and regulations that govern insurance matters took effect Sunday. Some are minor changes to existing laws, but others could affect insurers and agents for years to come.Here’s a look at some of the...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...