It is no secret that technology is continuing to disrupt the auto casualty and workers’ compensation industries. Further digitizing the claims process can provide a variety of benefits for payors and claimants alike, including improving the consumer experience, boosting efficiencies, reducing fraud and allowing for adjusters and other claims handlers to focus on what matters most—helping restore claimants’ lives after a challenging event.

Every industry has been impacted by actions taken to control the spread of COVID-19, including the automotive industry. Growing unemployment, coupled with a pivot to remote working, has changed consumer priorities and curtailed car-buying habits.

People across the country are trying to cope with the spread of COVID-19 and the far-reaching ramifications that it is bringing with it. Amidst the pandemic, all kind of industries have turned to the virtual world to cope.

The COVID-19 response has poured unprecedented focus and energy into medical innovation. Technology and care methods that seemed years from widespread adoption are becoming new realities.

Distributed ledger technology (DLT) firm Algorand has partnered with blockchain-based tamper-proof media verification platform Attestiv to target fraud within the insurance industry.

Over the past two months, millions of workers in the United States have re-arranged to work remotely. It’s not a totally alien concept. Before the coronavirus pandemic, approximately over two-thirds of US businesses provided some form of remote work opportunity (at least occasionally) for their employees.

Damage assessments of flood-ravaged communities used to rely on post-disaster surveys. That’s changing. Scientists at one of the nation’s leading climate research consortiums last week released an “augmented reality” smartphone application that simulates how floodwater would inundate specific houses under varying storm surge conditions.

The ability to micro-census — that is, to gather granular data about individual homes and businesses and use it to inform underwriting — will lead to the biggest changes in flood insurance since the launch of the National Flood Insurance Program (NFIP) in 1968.

Imagine you’re a claims manager for a motor insurer who’s been given 100 potentially fraudulent first notifications of loss to review. The question you’ve been asked is a simple yet stark one: of these 100 cases, how many is the insurance company likely to successfully repudiate and how many will it have to pay?

When encountering the term “catastrophic risk”, most people will think about extreme weather, climate change, earthquakes, and other related concepts involving nature. However, Marsh’s Technology Industry Risk Study 2020 has highlighted a widely underestimated risk that could potentially lead to catastrophic results: the failure of technology to perform.

In case you weren’t aware, there’s a pandemic currently sweeping our nation, and the convulsions caused by COVID-19’s impact on our personal lives have only been rivaled by those felt in our professional ones.

In today’s world, data is readily available. In an instant, your smartphone can tell you how many steps you’ve walked today, how many hours you’ve spent on Instagram and how many times you took an Uber last month.

Everything has its price. The increasingly healthy diet we are eating presents the foodservice industry with “an array of new foodborne illness threats,” says Restaurant Guard Insurance veep Crystal Jacobs, adding: “Greens like romaine are now one of the nation’s most susceptible foods for carrying the bacteria that cause foodborne illness.”

In the transportation industry, dashcams have been added to fleets of trucks, often paid for or subsidized by insurance carriers looking for an advantage in underwriting, claims, and risk management. Accidents captured on video result in claims that are easier to defend and manage because the footage quickly helps inform the claims manager and attorneys about whether the claim should be denied or promptly resolved.

Five years ago, if someone mentioned “claims virtualization,” it most likely referred to an insurance carrier’s mobile application, or possibly just conjured visions of VR goggles used for high-tech simulations.