insurtech News

Insurtech Startup Pitching Chatbots for Workers’ Comp Claims

For years, automobile insurers have used automatic dialogue devices, called chatbots, to field calls from policyholders when they report claims. Last year, personal insurance startup Lemonade took the technology up a notch, boasting that it was closing claims in seconds …

Ascot, Beazley Launch $50M Cargo Claims Consortium for Small-Medium Firms

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium using insurtech technologies to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a maximum …

AI in Claims Operations: Lessons Culled from the Early Innings

While there are many different segments of the commercial insurance industry, they often share a similar story. From my vantage point, the workers’ compensation system was designed to help both injured workers and employers by guaranteeing care and compensation for …

The Changing Nature of Insurance Claims Litigation

Mergers and acquisitions, sophisticated litigation management technology and hedge fund-backed capital has made the plaintiffs’ bar a formidable opponent in recent years. In the last podcast in the Insights on InsurTech series, The Future of Insurance Claims Litigation, Wesley Todd, …

Fitch: Workers’ Comp a Prime Target for Insurance Innovation

The workers’ compensation segment of the property/casualty insurance business is a prime target for technology investment to maintain competitiveness and bolster performance, according to Fitch Ratings. “As the largest U.S. commercial lines segment, workers’ compensation is a focal point for …

Retaking Control When Dealing With Insurtech Choices

Distinguishing between insider and outsider firms is the key to gaining control of insurtech options, according to Wesley Todd, creator of CaseGlide, a collaboration, workflow, and analytics platform for insurance litigation departments. In the second in a series of podcasts …

How to Cancel Out the Insurtech Noise

Insurtech, the buzzword of the insurance industry, has been impossible to avoid, appearing in email inboxes and at conferences virtually non-stop. Wesley Todd, a former insurance defense counsel and creator of CaseGlide, a collaboration, workflow and analytics platform, explains how …

Insurers Are Realigning Their Claims Intake Process to Meet New Demands

A new survey shows how expectations are changing around claims intake. It’s time for carriers and TPAs to find solutions that can change with the industry. It’s a time for new thinking in the insurance industry. Whether it’s insurtech companies …

Seed Fund Bumps Weather Hail Data Firm’s Expansion

Understory, a Madison, Wisc., startup whose ultra-local weather sensors can tell if a hailstorm that pelted your roof or a downpour that flooded your street left damage in its wake, is heading into a year of explosive growth. Understory generates …

Reflecting on the 2018 Hurricane Season

While 2018 was an active hurricane season, it wasn’t quite as bad as some years past. According to the Insurance Information Institute, the 2017 Atlantic hurricane season broke several records, with six reaching Category 3 or stronger. In addition, it …