Growth Of Insurtech Startups Raise Hartford’s Profile As Industry Hub
When 11 insurance startups sat down to work for the first time in the Stilts Building last January, they held the hopes of an anxious industry. They’d come to Hartford for the city’s inaugural, and untested, accelerator program, the Hartford InsurTech Hub.
December 7, 2018
Technology
Connecticut
The Computerized Claims Crusade
It’s the holy grail of the insurance claims business: The near-instantaneous cycle time of truly touchless claims. Insurers are eager to realize the benefits of reduced expenses, higher client satisfaction, and, possibly, better outcomes.
December 6, 2018
Technology
The Transformative Power Of Disruption: Technology Equals Opportunity In The New Age Of Claims
Claims and technology are joining forces to change the function as we know it. For many years, the industry relied on paper-based, time-consuming systems for managing claims.
November 29, 2018
Risk Management
Technology
New AI Tool 80% Accurate In Identifying False Burglary Claims
A new artificial intelligence system can now help insurers and the police identify fake robbery claims. Developed by researchers from Cardiff University and the Charles III University of Madrid, the AI system “VeriPol” utilizes automatic text analysis and machine learning to identify false statements.
November 26, 2018
Fraud
Technology
Technology Shapes Insurance Companies’ Response To Wildfires
As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was happening on the ground.
November 26, 2018
Catastrophe
Technology
California
First Notice Of Loss Chatbot Service A Success For Florida’s Security First
Florida’s second-largest home insurer, Security First Insurance faced more than 3,000 claims in the aftermath of Hurricane Michael earlier this year. It was the perfect time to deploy a new tool to help manage the load: A new chatbot servicing affected policyholders.
November 20, 2018
Property
Risk Management
Technology
Florida
Insurance Industry: Now Hiring Millenials, And Bring Your Friends
Good employees can be hard to find. That’s why clever employers know to seize any opportunity to find workers — even on a ride from the airport.
November 14, 2018
Education & Training
Risk Management
Technology
Insurtech Ecosystem: Who Will Eat Whom?
At InsureTech Connect, there were a lot of innovative approaches and capabilities on display. But the term “bubble” could be heard on many attendees’ lips, especially those who’d watched the event double in size each year.
November 12, 2018
Risk Management
Technology
Why Understanding AI Is “Non-Negotiable” For Insurers
Out of the catalogue of technologies that have the potential to affect the insurance industry, one expert says that artificial intelligence is on track to have the most significant impact in the coming year. In fact, insurers’ investments in AI are increasing on a year-over-year basis, and this trend is set to continue into 2019.
November 12, 2018
Risk Management
Technology
Mini Meteorologists: How Satellite Technology Is Reducing Weather Risks
In recent years, we have witnessed a technological revolution that is historic, impressive and even a bit overwhelming. From the introduction of smartphones to cloud computing to artificial intelligence, the frenetic pace of innovation has led to efficiencies that never before seemed possible. For businesses, the access to information is equally profound. Accurate and timely data facilitates sound decisions in terms of protecting assets, mitigating loss and meeting fiduciary responsibilities.
November 9, 2018
Liability
Technology
Solving Claims-Intake Overload For Smaller Insurance Carriers
As billion-dollar hurricanes pummel the coasts, insurance carriers are facing a category 5 operations challenge: a snowballing claims-intake challenge. When hurricane season began this year, carriers were still sorting out claims from 2017’s mega-storms, Harvey, Irma and Maria. Then Florence and Michael hit, adding to the backlog.
November 7, 2018
Catastrophe
Risk Management
Technology
Collaboration On Blockchain Prepares To Make Insurance Use Cases A Reality
Titans of industry, such as global insurance brokerage Marsh and Aon, have already recognized the potential in blockchain and now, more companies are jumping on board to push the application of the technology in insurance even further.
November 5, 2018
Technology
What Do Jay-Z, Google, Iron Man And Will Smith All Have In Common?
A hot new life insurance start-up that has caught the attention of celebrities has raised US$35 million in its latest financing round.
October 31, 2018
Life & Health
Technology
Workers’ Comp Insurers Banking On Emerging Technologies
Quotes from only five data points, or even fewer? Name your number, and you can find an insurer looking to transform the sales experience to match.
October 30, 2018
Risk Management
Technology
Workers' Compensation
How To Use AI In Claims Management
How do you increase quality in claims assessment, management and administration? We share insights into an end-to-end, AI-powered, claims-automation approach to increase quality, improve processing efficiency and reduce cost.
October 29, 2018
Risk Management
Technology
