All the headlines from our InsurTech Topic Page, ordered by recency.
May 23 2017 // The Toyota Research Institute (TRI) is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of driverless cars. TRI is collaborating with the MIT Media Lab and other industry partners...
May 19 2017 // UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable.In what it describes as “a first” for the UK market, Ageas...
May 18 2017 // Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said.“We recently introduced AI claims handling...
May 17 2017 // AXA has appointed Joyce Phillips as chief executive officer of a new business unit dedicated to customer innovation and new business models.Phillips becomes a member of the management committee of AXA Group and reports...
May 15 2017 // American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the...
May 15 2017 // In 2016 in the United States, the manufacturing sector produced nearly 72 percent more goods than in 1990, but manufacturers achieved that milestone with only about 70 percent of the workers that were on factory floors two...
May 15 2017 // “When the eyes say one thing, and the tongue another, a practiced man relies on the language of the first.” — Ralph Waldo EmersonAgents pride themselves on their sales skills — to meet a prospect...
May 11 2017 // Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz SE, is working with Praedicat, the Los Angeles-based insurtech analytics firm, to better predict key catastrophe liability...
May 11 2017 // Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American...
May 10 2017 // Insurance startup Lemonade is now selling homeowners and renters insurance in California.California marks the third state of entry for the insurtech that is built on artificial intelligence and behavioral economics. It...
May 9 2017 // “Will technology make insurance obsolete?”That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April...
May 8 2017 // Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California.The California Department of...
May 8 2017 // J.S. Held, a Jericho, N.Y.-based construction and property damage consulting firm, said it has become a majority owner in Spex, a digital property inspection and reporting platform for the property/casualty insurance...
May 8 2017 // Uber Technologies Inc., in the midst of legal battle with Alphabet Inc. over self-driving car technology, is building a new artificial intelligence team in Toronto to help improve its autonomous vehicle software.The team...
May 3 2017 // Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing...
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
May 1 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
May 1 2017 // There’s an apparent lack of awareness among many risk professionals on existing and emerging technologies, including telematics, sensors, the Internet of Things (IoT), smart buildings and robotics, and their...
May 1 2017 // Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according to a report published by...
May 1 2017 // CoverHound is getting into the rideshare insurance business.The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for...