All the headlines from our InsurTech Topic Page, ordered by recency.
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 19 2019 // Japanese property/casualty insurer Tokio Marine Holdings announced a partnership with Plug and Play’s Insurtech program in Singapore. With this new partnership in Singapore, Tokio Marine will now have access to Plug...
Aug 19 2019 // There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and...
Aug 19 2019 // 1. Quality Sales Managers. Invest in a quality sales manager who knows how to motivate and guide members to their goals.2. Transcribe with AI. Otter.ai is a platform that allows — through the website or mobile app...
Aug 19 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
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 9 2019 // Greenlight Re Innovations (GRI), a subsidiary of Greenlight Capital Re Ltd., announced it has made a strategic investment in Handdii Pty Ltd., a property insurance claims fulfillment platform.Melbourne, Australia-based...
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 5 2019 // The National Association of Insurance Commissioners has taken the first step in what stands to be a more than yearlong process to update the rules states use to police impermissible “rebates” offered by...
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 2 2019 // An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act,...
Aug 1 2019 // Washington had a record 1,850 responses to wildfires on Department of Natural Resources lands last year.Over the last five years, wildfires have continued to hit the state hard. One state official, who believes climate...
Aug 1 2019 // Lloyd’s welcomed 11 new teams of insurtech disruptors to join the re/insurance market’s innovation accelerator.More than 130 applications were received from across the world for the third cohort of the...
Jul 31 2019 // There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and...
Jul 29 2019 // Insurtech investment worldwide continued at high levels during the second quarter of 2019, marking the fourth consecutive quarter during which total new funding commitments exceeded $1.2 billion, according to the new...
Jul 29 2019 // Rachel Whalen remembers feeling gutted in high school when a former friend would mock her online postings, threaten to unfollow or unfriend her on social media and post inside jokes about her to others online.The...
Jul 24 2019 // July 24, 2019, Austin, TX—The National Alliance for Insurance Education & Research has rebranded their monthly podcast series. Nat Alliance NOW offers risk and insurance professionals rich, nuanced conversations that...
Jul 23 2019 // Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based personal lines...
Jul 23 2019 // Brit Ltd. announced that James Birch has been appointed to the newly created role of head of Innovation.Reporting to CEO Matthew Wilson, Birch started his new role on July 22. Birch will be responsible for managing the...
Jul 22 2019 // Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers’ innovation efforts. Journalist Russ...