All the headlines from our Data Driven Topic Page, ordered by recency.
Aug 22 2019 // In a viral State Farm commercial, Oscar Nunez, playing the role of a friendly, helpful insurance agent, disparages any insurance company that utilizes artificial intelligence in support of customer service...
Aug 19 2019 // The value of global insurance premiums underwritten by artificial intelligence will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019, according to new data from Juniper Research.This growth will be...
Aug 14 2019 // It’s a well-trodden truth in our industry that not all risks are created equal, and for insurers, that some risks are riskier than others.However, new technologies mean new avenues of innovation for insurers to...
Aug 8 2019 // Many human hours are needed to sort, analyze and process workers compensation claims—the vast majority of which are low in value.The U.S. workers comp insurance market is forecast to earn revenues of $55 billion in 2019....
Aug 6 2019 // Delaware Governor John Carney signed House Bill 174, titled the Delaware Insurance Data Security Act, into law on Wednesday, July 31, 2019.This law is based on an NAIC Model Act, which establishes a comprehensive...
Aug 5 2019 // On a tower in the Brazilian rainforest, a sentinel scans the horizon for the first signs of fire.Only these eyes aren’t human. They don’t blink or take breaks, and guided by artificial intelligence they can...
Aug 1 2019 // Lincoln, Nebraska-based insurance and finance company Ameritas has notified customers that their personal information may have been exposed in a data breach.The Lincoln Journal Star reports that the company said in a...
Jul 30 2019 // More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in...
Jul 26 2019 // Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise...
Jul 23 2019 // The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers’ personal information.The following are seven of the largest...
Jul 17 2019 // RiskGenius, which provides natural language tools for improving the quality and accuracy of insurance policies, has completed a Series B financing led by Hudson Structured Capital Management.The company said it has also...
Jul 17 2019 // It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making significant inroads toward...
Jul 15 2019 // SkyWatch.AI, the on-demand, telematics-based insurance platform, has launched in the United Kingdom following last year’s launch in the United States.SkyWatch.AI’s UK policies will be underwritten by specialty...
Jul 15 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
Jul 15 2019 // In a viral State Farm commercial, Oscar Nunez, playing the role of a friendly, helpful insurance agent, disparages any insurance company that utilizes artificial intelligence in support of customer service...
Jul 12 2019 // Insurance carrier review platform Clearsurance has launched a new home, car and renters insurance recommendation service for consumers. Clearsurance says the new data-driven service provides “personalized,...
Jun 26 2019 // Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out...
Jun 21 2019 // To say the agency technology space is robust is an understatement.Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but...
Jun 20 2019 // The Texas Department of Insurance (TDI) has issued special data call to companies that wrote direct commercial property or businessowners insurance in Texas and to certain farm mutual insurance companies that wrote...
Jun 20 2019 // There is an effort underway to develop a better understanding of issues and opportunities for women in the insurance industry.The Million Women Mentors’ Women in Insurance Consortium (WII) will be spearheading what...