The sharing economy is an economic system based on the use of technology to share assets or services between parties (individuals or organizations). Participants in the sharing economy use it because it can provide a more flexible and affordable option than some other economic systems. In this way, the sharing economy makes goods and services available to those who would not otherwise be able to access them.

The topic of Industry 4.0 has been discussed at many conferences in recent times. When you talk to participants and colleagues, you quickly realize that everyone associates this buzz phrase with something different.

A CCC executive on Wednesday said the company would soon bring to market software to have artificial intelligence write a partial estimate based on a combination of photos and crash details and hand it off to a human.

In February, USAA launched a 21-member claims innovation team with the goal of gaining competitive advantage for the insurer by digitizing various aspects of its claims operations.

The Institutes RiskBlock™ Alliance announced today that 12 additional companies have joined the risk management and insurance industry’s first enterprise-level blockchain consortium, bringing the total number of member companies to 30.

In a modern working world which is growing increasingly more complex, dynamic, unpredictable and disruptive each year; organizational resilience is fast becoming the only truly valid form of Enterprise-wide Risk Management.

US insurers could collectively boost their annual profits by US$20 billion through the use of intelligent solutions like artificial intelligence (AI), machine learning and data analytics, according to new research from global management consulting firm Accenture.

The advent of in-depth analyses of football statistics, led by the website Pro Football Focus (PFF) and its football fan founder Neil Hornsby in 2004, changed the way that teams evaluated their players.

Over the past few years, driver assistance features such as automatic emergency braking and lane keep assist have become increasingly more common. But how effective are they? According to a recent study conducted by the Insurance Institute for Highway Safety (IIHS), these features still aren’t substitutes for actual human drivers, and the results varied significantly from brand to brand.

For many, the concept of a “smart home” is a futuristic, and perhaps even frivolous, offering where lights shut off automatically once we fall asleep, thermostats are controlled from your phone and security cameras can show you what’s going on in your home from thousands of miles away.

Blockchain and smart contracts have enabled the development of new approaches in the insurance industry, as they begin to replace outdated business models (with excessive paperwork, communication problems, multiple data operating systems and duplication of processes and the inability of syndicates to mine their data).

Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.

The 2018 hurricane season in the Atlantic Ocean and Gulf of Mexico began June 1, and as many Americans are still repairing the damage from last year’s devastating storms, hurricane preparedness and catastrophic events are squarely in focus.

The trick to getting blockchain to work in the insurance space is getting all the players in the market to align and agree on common standards and a way to govern the blockchain, Aon Benfield’s chief information officer said Friday.

The first time I logged in to the internet, I had a dial-up modem and a large desktop computer with tower, a separate keyboard and giant speakers. After the dial tone, there were squeaks and honks as the computer took its time logging in. Then the words flashed across the screen: “You’ve Got Mail.”