6 Uses For Blockchain In Insurance

Blockchain technology is "revolutionary" for a lot of industries, including insurance. That’s according to the Blockchain in Insurance: Progress and Plans report from SMA partner Mark Breading, released this month.
December 1, 2016 Risk Management Technology

San Francisco’s Transit System Hacked Over The Holiday Weekend

A security breach at the San Francisco Municipal Transportation Agency remained under investigation Sunday, three days after a computer hack struck.
November 28, 2016 Technology California

Palm Scanning Technology In Use To Combat Health Insurance Fraud

A "hands-on" approach at Park Ridge Health Center in Fletcher, N.C. now matches a registered patient’s palm to his or her medical records. This new technology is being implemented in health centers to reduce potential insurance and identity fraud.
November 28, 2016 Life & Health Technology

Innovative Uses of Social Media to Combat Insurance Fraud, Improve the Insurance Experience

Stories abound of how social media has opened an entirely new channel of communication for scammers willing to commit fraud, but insurance companies are increasingly turning the tables by using social media to detect fraudulent claims.
November 18, 2016 Technology

Recent Study Shows Three Out of Four Drivers Improve Driving with Collision Avoidance Technology

CAT devices sense other road users and intervene if the system detects possible crash conditions and are integrated in many newer vehicles, but what about older vehicles and fleets? To address this problem, the recent study examined how drivers react and feel when using aftermarket CAT devices.
November 18, 2016 Auto Technology

Do Driverless Cars Spell Doom for the Insurance Industry?

Imagine a car accident: You pull out in front of another driver who clearly had the right of way, causing him to run into you. Typically, this would be an obvious case for the insurance company, but one thing is different: You’re driving an autonomous car and arguing that you are not at fault for the accident.
November 17, 2016 Auto Technology

Millennials Leading Switch From Individual Car Ownership To Mobility Services

After disrupting the taxi industry, ridesharing and other mobility services are beginning to disrupt the automobile and transportations industries as well. Among generations, millennials are leading the shift to mobility services, according to a new report.
November 17, 2016 Auto Technology

Texas State Senator Proposes Ridesharing Regulation

One local Texas state senator wants to put an end to the wide-range of rules in Texas for ridesharing. Charles Schwertner (R-Georgetown) filed a bill Monday -- the first day of filing for the 84th Legislative Session -- to create a consistent regulation of services like Uber and Lyft across the state.
November 15, 2016 Auto Legislation & Regulation Technology Texas

Risk Toolbox Launches Free COI-Related Compliance Resource for the Insurance Industry

Risk Toolbox (Parsippany, N.J.) announced at ACORD 2016 in Boca Raton, Fla., that it has published more than 200 pages of certificate-of-insurance (COI) related information on its website in order to provide a compliance resource for carriers, agents and brokers.
November 15, 2016 Technology Alabama Alaska Arizona Arkansas California

It’s Not Just Twitter’s Problem: What Insurers Need To Know About DDoS Attacks

The events of Oct. 21, 2016 have sobering implications for the future of insurance IoT, but that shouldn’t dissuade insurers from preparing to exploit the opportunity.
November 15, 2016 Technology Alabama Alaska Arizona Arkansas California

Five Insurers Form Blockchain Alliance

Five European insurers and reinsurers have formed an alliance to explore blockchain technology in the industry. Aegon, Allianz, Munich Re, Swiss Re and Zurich announced the Blockchain Insurance Industry Initiative, B3i, this week.
November 14, 2016 Technology

SafeStuff App Brings Transparency Between Insurers and Clients

Threat or opportunity for the insurance industry? Wherever you stand on the issue of insurtech, there is no denying that innovations are coming and that insurers and brokers alike need to be on top of the changes or risk being left behind.
November 14, 2016 Property Technology

The Rise Of High-Tech Car Theft

As cars become more and more connected, news coverage of high-tech car theft has unsurprisingly begun to alarm consumers, automakers, and insurers alike.
November 9, 2016 Auto Technology

Looking At The Big Picture Of Global Mobility

With self-driving cars, the giant global auto industry is careening toward unprecedented disruption as its 100-year-old business model is turned completely inside out.
November 2, 2016 Auto Liability Technology

Ripple Effect Of Streaming Transportation Services On Claims

From the invention of the phonograph to long-playing records, eight-track tapes, compact discs, and MP3s, we’ve experienced music by owning it. We bought it, organized it, and chose what to play.
October 28, 2016 Auto Liability Litigation Risk Management Technology
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