Digital Insurance

Are commercial insurers doing AI right?

There is a tug-of-war between AI for transformational purposes and AI for tactical purposes.

Posted: Oct 16, 2020

Meet the Insurtech: Lori

Company blends wide net for mobile device protection with social mission.

Posted: Oct 15, 2020

Don't forget earthquake resilience in COVID-19's wake

In addition to working with the Aon Rapid Response team, FedEx has looked toward using advanced technology to enhance their ability to expedite emergency response and recovery following an earthquake.

Posted: Oct 15, 2020

Telematics launches from Metromile and Southern Farm Bureau illustrate continuing industry shift

Metromile says the coronavirus pandemic has increased customer interest in its product, with squeezed consumers looking for ways to reduce their costs.

Posted: Oct 14, 2020

Insurtech NY selects 22 startups for 2020 cohort

The startups will work closely with 18 member corporations to establish proofs of concept and partnerships.

Posted: Oct 14, 2020

Farmers digitizes insurance verification: Roundup

Also: Swiss Re implements Majesco, new insurtech launch.

Posted: Oct 13, 2020

Insurance tech budgets after COVID-19: New priorities, flat dollars

The trend toward accelerating digital interaction development is happening, but it's not coming with a lift in financial resources.

Posted: Oct 08, 2020

Insurer's post-COVID innovation must be comprehensive

The best response to change is rarely a one-for-one replacement of a current product or business process.

Posted: Oct 07, 2020

Bold Penguin acquires RiskGenius, Nationwide taps Cambridge: Roundup

Also: CSAA launches sharing economy unit Mobilitas, and more

Posted: Oct 06, 2020

5 crucial insurance questions for the post-COVID 'new normal'

The best way for insurers to maintain business continuity and thrive on the other side of current crisis is by getting smarter about people, processes and content.

Posted: Oct 05, 2020

Q3 2020 insurtech funding rounds double from Q2

The 23 rounds of more than $10 million is indicative of a noted shift toward mature companies.

Posted: Oct 05, 2020

Capital's role in spurring insurance transformation

As carriers, distributors, service providers and insurtechs consider how to adapt these initial pandemic responses into long-term strategies, we see heightened interest from investors to provide strategic support.

Posted: Oct 02, 2020

Allstate to cut 3,800 jobs

The company said the move would free up money to spend on new technology and more marketing of its Allstate brand.

Posted: Oct 01, 2020

Pandemic beats out climate change as insurers' existential worry

Climate change is now the second biggest worry overall, but the views vary geographically as it remains the top priority in Europe but falls to the third place in the U.S. and Asia.

Posted: Oct 01, 2020

Usage-based insurance announcements from Wawanesa, Sapiens: Insurtech roundup

Also: Digital benefits enrollment in coronavirus's wake, core-systems replacement.

Posted: Oct 01, 2020

Achieving customer-centric insurance digital transformation

If long-term market trends were already driving greater demand for digital adoption, the COVID-19 pandemic has only served to accelerate them.

Posted: Sep 30, 2020

OneBeacon new CIO comes from Swiss Re

Vineet Bansal last was CTO for iptiQ, a Swiss Re internal startup, where he worked for three years.

Posted: Sep 29, 2020

How coronavirus changed insurance digital transformation

There’s little in business or in life that hasn’t radically changed in the last several months by COVID-19. As a result, most corporate CEOs and companies have had to shift their priorities as they approach month six of the crisis. Insurance companie...

Posted: Sep 29, 2020

Coronavirus fast-tracked insurance's digital response to Hurricane Laura

Customers were ready to leverage drones and self-service after weeks under social-distancing regulations, insurers say.

Posted: Sep 28, 2020

UK regulators force auto insurance overhaul

The proposed rule changes would ensure that when people renew their policies they pay no more than new customers buying coverage for the first time.

Posted: Sep 28, 2020

Amazon Ring drone can get a fly's-eye view of a home

The Ring Always Home Cam moves autonomously and is equipped with an indoor camera, giving users multiple view points of their homes.

Posted: Sep 25, 2020

$250 million Series D for Next Insurance, HSB extends cyber partnership: Roundup

Also: New tech leaders at insurtechs, more funding

Posted: Sep 25, 2020

Marsh hires new digital leader from IBM

Tamara Simpkins Franklin is new Chief Digital, Data, and Analytics Officer for the brokerage effective October 1.

Posted: Sep 24, 2020

How USAA is improving claims with UBI

Telematics-powered SafePilot program gets closer to insurer’s touchless claims experience.

Posted: Sep 23, 2020

Coronavirus drives more consumers to consider big tech for insurance

Policyholders’ willingness to buy insurance from technology companies has increased from 2016 to 2020.

Posted: Sep 22, 2020