Innovation in the insurance industry is no longer a buzzword. It is fast becoming a catalyst to win market share. In the past, the industry has been a slow adopter of emerging technologies. The industry was also marred by other …
Not too long ago, tech enthusiasts were telling us that by 2020, we’d see self-driving cars hit the mainstream, with some 10 million on the roads. That turned out to be a wild overestimation. The actual number of vehicles in …
I shudder at the thought that an algorithm developed by artificial intelligence will allow the insurance industry to no longer spread the risk among all policyholders, but stick it to the few whom the data points identify as the most …
The European Union is considering new legally binding requirements for developers of artificial intelligence in an effort to ensure modern technology is developed and used in an ethical way. The EU’s executive arm is set to propose the new rules …
In recent years, the insurance industry has seen an influx of new market entrants seeking to disrupt and reinvent specific business segments by launching new products and services free of the expense and overhead of “traditional” players. These digital “insuretechs” …
The fourth of 10 basic rules Western spies followed when trying to infiltrate Russia’s capital during the Cold War—don’t look back because you’re never alone—is more apt than ever. Only these days it’s not just foreigners who are being tracked, …
In recent years, the insurance industry has seen an influx of new market entrants seeking to disrupt and reinvent specific business segments by launching new products and services free of the expense and overhead of “traditional” players. These digital “InsureTechs” …
The modern workers’ compensation system was devised to provide a guarantee of care and medical treatment to injured workers from their employers. Organizations also are expected to offer guidance on the resources available to injured workers as well as how …
Mitchell International showed off its connections to big-name tech companies this week in announcing the launch of two insurtech products: One is an augmented reality “smart glasses” tool for auto collision repairs developed in conjunction with Qualcomm Technologies; the other …
London-Based Davies Buys US Claims Shop Davies Group, an international consulting firm based in London, has acquired Frontier Adjusters, a multi-line independent claims adjusting shop headquartered in Independence, Ohio. The purchase marks Davies’ first claims deal in the United States. …