artificial intelligence News

Claims Startup Betterview Attracts $7.5M in Financing Round From Guidewire, Others

Startup Betterview raised $7.5 million in new funding to fuel expansion of its artificial intelligence technology that helps property/casualty insurance carriers spot and manage property risk. ManchesterStory led the round, which brings the insurtech’s total venture capital tally to $17 …

Share of Auto Claims Using Photo Estimates Doubles During the Pandemic

Social distancing has been a boon for the use of photo estimates after auto collisions. CCC Information Services said that the share of claims processed through its Quick Estimate product increased 125 percent from January to April. “Based on our …

Companies Bet On AI Cameras to Track Social Distancing, Limit Liability

Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. Several companies told Reuters the software will be crucial …

Viewpoint: Why Physician Scoring Is a Win for Insurers, Employers, Workers – and Physicians

We live in a society ruled by rankings. Websites are devoted to them; YouTube careers have been built based upon them. Which players we select for fantasy teams, where our kids go to college, who can be trusted for a …

Business News: Hippo and SimpliSafe, Infinilytics, Mitchell and Honk

Hippo Teams with SimpliSafe Hippo Insurance has teamed up with SimpliSafe to give homeowners access to home security systems. Hippo, a managing general agent launched in Palo Alto, Calif. in 2015, was an early adopter of smart-phone technology to connect …

Artificial Intelligence Can Help Some Businesses, But Not All

The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better the bottom line is understandable. But before pursuing automation that could put the jobs of human employees at risk, it …

New Tool Fools Hackers into Sharing Keys for Better Cybersecurity

Instead of blocking hackers, a new cybersecurity defense approach developed by University of Texas at Dallas computer scientists actually welcomes them. The method, called DEEP-Dig (DEcEPtion DIGging), ushers intruders into a decoy site so the computer can learn from hackers’ …

Viewpoint: How Automation is Digitally Transforming the Insurance Industry

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 …

Viewpoint: How to Build a Morally Ethical Self-Driving Car

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 …

Viewpoint: Does Artificial Intelligence Know Who’s Barn is the Next to Burn Down?

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 …