What Industry Gets Wrong On Big Data

Recently, I wrote about a startup called Aviva. (My comments were based on an article I read.) Aviva’s CEO said, “What’s our long-term goal? To go from ask-it-once to ask-it-never — so customers don’t have to answer any questions at all.” How can coverage be booked without asking ANY questions?
July 27, 2017 Risk Management Technology

Insurtechs Are Redefining Claims Expectations

Claims has often been called the “moment of truth” for insurers, especially in property and casualty lines. With few opportunities to interact with customers, a bad experience at the time of a claim can be a deal-breaker that sends customers looking for a new provider.
July 26, 2017 Auto Property Risk Management Technology

AI Claims Bot Allows Insurtech Company’s Adjusters To Focus On Customer Service

Pay-per-mile insurer Metromile has announced the launch of a new AI claims system designed to eliminate manual processes used to collect accident data and distribute payments to customers.
July 25, 2017 Auto Risk Management Technology California Illinois New Jersey Pennsylvania

U.S. Data Breaches Increased At Record Pace During First Half Of 2017

The number of data breaches in the United States tracked through June 30 hit a half-year record high of 791, according to recent numbers release by the Identity Theft Resource Center (ITRC) and CyberScout, a provider of identity protection solutions.
July 25, 2017 Excess & Surplus Lines Technology

Next Step For Claims Drones: Automated Flight

The use of drones to collect claims images from hard-to-reach places has grown exponentially since insurers began exploring the technology seriously only a few years ago. The movement has benefited from a number of developments over that time.
July 19, 2017 Technology

The Institutes Launches U.S. Blockchain Consortium

The Institutes, a provider of educational materials and consulting for the P&C industry, is launching a blockchain consortium with the goal of spurring development of use cases for the technology in the U.S.
July 13, 2017 Risk Management Technology

14 Trump Hotels Affected By Company’s Latest Hack Attack

Marking the third such breach in the last two years, Trump Hotels notified guests this week that 14 of its properties have been affected by a hack attack, exposing guests’ full names, emails, addresses, and credit card information, including expiration dates. Here’s what you need to know.
July 12, 2017 Excess & Surplus Lines Liability Technology District Of Columbia Hawaii Illinois New York

Judge Allows Pacemaker Data In Arson, Fraud Trial

In what is believed to be the first case of its kind to use data from a beating heart as evidence, a Butler County judge ruled Tuesday that evidence from a pacemaker used to get a Middletown man indicted for arson can be presented at trial.
July 12, 2017 Fraud Property Technology Ohio

Auto Claims: Future May Belong To Bots

Despite a decade of prominence, the Age of the App may be over. The future of auto claims could belong to the chatbots. Equipped with AI and machine learning capabilities, these computer software programs can conduct natural language-like conversations with customers in real time.
July 10, 2017 Auto Risk Management Technology

A Drone Pilot’s Perspective on Insurance Claims

Drones are proving to be an affordable, scalable solution for conducting aerial inspections. For large businesses looking to conduct adjustments more efficiently, drones are the optimal way to conserve time and money.
July 5, 2017 Technology

Insurance Analytics: On The Verge Of A New Paradigm

The insurance industry has been very incremental in dealing with disruption and needs a drastic shift from historical analysis to predictive, future risk models, a speaker suggested on Wednesday at the Insurance Analytics Canada Summit.
July 3, 2017 Risk Management Technology

Alibaba: Chinese Photo-Estimating AI Handles 12 Claims In 6 Seconds

A subsidiary of Chinese giant Alibaba Group on Tuesday unveiled an artificial intelligence photo-estimating system and demonstrated its ability to calculate a claim in as little as half a second, Alibaba news service Alizila said.
June 30, 2017 Auto Technology

Hackers Hit 75% Of Oil And Gas Drilling Companies In 2016

Three out of four oil and natural gas companies fell victim to at least one cyber attack last year as hacking efforts against the industry become more frequent and sophisticated.
June 27, 2017 Excess & Surplus Lines Technology

Allstate ‘Virtual Assist’ Lets Body Shops Video Chat With Adjusters For Quick Supplements

Allstate has launched Virtual Assist, a new Android and iPhone app which allows a collision repairer to videoconference with a remote Allstate adjuster.
June 23, 2017 Auto Risk Management Technology

Driverless Cars Speed Onto Political Agenda

Lawmakers in the House and Senate are crafting a package of autonomous vehicle bills due out this summer, the Trump administration is rewriting federal guidelines for driverless cars and K Street has increasingly ramped up lobbying on the issue.
June 22, 2017 Legislation & Regulation Technology District Of Columbia
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