Claims Talent Spread Thin? No Worries: Digitize Your Claims Triage
With talent spread thin in greying claims departments, insurers are looking to use AI to help digitize their claims triage process and other workflows.
December 9, 2019
Technology
Tesla Model 3 Driver Says Autopilot Was Engaged During Crash Into Highway Patrol Car
Another day, another Tesla crash caused by someone supposedly misusing Autopilot. Connecticut State Police took to Facebook to report that a Model 3 rear-ended one of its highway patrol cars while using the semi-autonomous driving system.
December 9, 2019
Auto
Subrogation
Technology
Connecticut
Discriminating Data: How AI Can Vanquish Bias
Insurance is the business of assessing risks and pricing policies to match. As no two people are entirely alike, that means treating different people differently. But how to segment people without discriminating unfairly?
December 9, 2019
Education & Training
Technology
The Latest Technology To Mitigate Property Risks
For years, organizations have employed remote sensing technologies that obtain information about objects or areas from a distance—typically from aircraft or satellites—to assess impacts from natural disasters like hurricanes. But today, thanks to a convergence of factors, including a dramatic drop in remote sensing costs, greater availability of more detailed and abundant data, and advances in artificial intelligence, the technology is increasingly being used to mitigate property risks.
December 6, 2019
Property
Risk Management
Technology
Avoiding The Pitfalls In Catastrophe Claims
Managing catastrophe reinsurance claims is a big challenge for carriers. In particular, dealing with the “hours clause” can be baffling. But taking the best strategy can make a big difference in how much reinsurance a carrier will collect.
December 4, 2019
Catastrophe
Technology
BEC: Attacks On Email Systems Are Rising
Companies have increasingly turned to the cloud for their email solution. Cybercriminals or attackers have watched this trend and are finding ways to access email hosted in the cloud, which is known in the security community as a Business Email Compromise (BEC).
November 26, 2019
Education & Training
Risk Management
Technology
An Escalating Threat: Hacking By A New Generation Of Nations
As if digital threats from the main U.S. cyberspace adversaries weren’t enough, U.S. officials and researchers are increasingly worried about hacking dangers posed by a slew of other nations including Vietnam, Qatar and the United Arab Emirates.
November 26, 2019
Excess & Surplus Lines
Technology
How Machine Learning And AI Reduce Risk
Risk management is integral to insurance, but it’s traditionally been an inexact science. Thanks to recent technological advances, however, risk management is about to get a long overdue upgrade.
November 22, 2019
Risk Management
Technology
FEMA Report Explores Blockchain For Disaster Insurance Payouts
A recent report by the advisory board of the U.S. Federal Emergency Management Agency (FEMA) recommends using blockchain to expedite insurance payouts in the event of a disaster.
November 21, 2019
Catastrophe
Property
Technology
Insurance 4.0: Six Winning Strategies In The Fourth Industrial Revolution
From the steam-powered factories of the first industrial revolution, to mass production in the second, to the rise of digitization in the third, every advance builds upon the last. Today, something entirely new is happening.
November 14, 2019
Education & Training
Technology
5 Emerging Trends For Insurance In 2020
When it comes to implementing new technology, the insurance industry is rarely considered an early adopter. However, insurance companies have been taking early strides, somewhat in a migratory manner, to adapt to technology advances to help better run operations, improve underwriting and risk management, enhance customer offerings and services and profitably grow the business.
November 14, 2019
Technology
U.S. Senate To Hold November 20 Hearing On Testing, Deployment Of Self-Driving Cars
The U.S. Senate Commerce Committee will hold a Nov. 20 hearing on the testing and deployment of self-driving vehicles that will include top U.S. safety officials, as Congress has struggled to pass legislation on autonomous vehicles.
November 14, 2019
Auto
Legislation & Regulation
Technology
Surveying The Insurtech Landscape Is Like ‘Drinking From A Firehose’
With total worldwide funding commitments in the insurtech sector in 2019 officially surpassing the total for 2018, according to Willis Towers Watson’s latest insurtech briefing, it’s no surprise to see many insurers taking part in the flurry of investments, rounding out their own capabilities with those that start-ups are introducing to the insurance marketplace.
November 13, 2019
Technology
Differing Viewpoints On Workplace Tracking Devices
Every morning when he goes to work in the freezer room of a warehouse in eastern Pennsylvania, Jack Westley throws on a hooded sweatshirt to keep warm and grabs a radio to talk to his coworkers. He was recently given a new piece of equipment to wear, which he attaches to a harness over his shoulders.
November 6, 2019
Technology
Workers' Compensation
Race Is On For Bots In Workers’ Comp
The thoroughbred horse Spring Racing Carnival is in full swing in the state of Victoria, Australia, culminating in the running of the Melbourne Cup, “the race that stops a nation.”
November 6, 2019
Technology
Workers' Compensation
