Survey Reveals Consumers Wary Of AI-Driven Insurance Claims Review
Only 17% of consumers say they’d be comfortable with the idea of insurance claims for their home, renters, or vehicles being reviewed exclusively by AI.
August 25, 2021
Technology
Keeping Human Connections Within Digital Insurance
While the COVID-19 pandemic has accelerated P&C’s digitization investments, the need for human connection within digital insurance should not be overlooked, a digital identity firm says.
August 23, 2021
Technology
Technology To Massively Reshape Risk Control
The risk control profession has massively changed of the past 50 years, and is set to change even more in the near future, according to an industry white paper by the risk management business of insurance giant Sompo.
August 16, 2021
Risk Management
Technology
Allianz Launches Blockchain Claims Solution in 23 Countries
Allianz, Europe’s largest insurer, went into production mid-May with a solution to streamline international motor insurance claims. The enterprise blockchain platform has been deployed across 23 European subsidiaries.
August 11, 2021
Auto
Technology
How Insurance Can Halt Ransomware
In 1975, the Argentina grain exporter Bunge & Born paid $60 million to free a kidnapped executive. That ransom payment remains the largest ever paid for a single person, but his case marked the beginning of the end for high-profile hostage events.
August 10, 2021
Technology
Cognitive Technologies
Cognitive computing is a funny beast. Every time you hit your target, you find that another pops up off in the distance.
August 5, 2021
Technology
How Blockchain Can Disrupt Insurance
Blockchain innovation is gradually taking hold in the insurance sector in an unprecedented way. Insurance giants and startups worldwide are attempting to use blockchain-based solutions to deal with operational inefficiencies of the insurance industry.
August 4, 2021
Technology
Hyper-Automation in Insurance: What Does It Mean and What Are Its Upsides?
During these unprecedented times, significant challenges have ascended to the top of the insurance industry’s agenda and left many carriers puzzled about how to navigate the road ahead.
July 28, 2021
Technology
The Deposition Service Provider’s Role in Trimming Insurance Industry Expenses
Back in 2017, we wrote about the impact that modern deposition management services can have on the leading impediments to insurance company profitability: unallocated loss adjustment expenses (ULAE), allocated loss adjustment expenses (ALAE), and losses paid out to claimants.
July 20, 2021
Litigation
Technology
AI and Its Impact on Automotive Claims
For more than six decades, innovators have attempted to unlock the full potential of artificial intelligence (AI). It wasn’t until the past decade that the science finally caught up to expectations.
July 12, 2021
Auto
Technology
Killer Flying Robots Are Here - What Now?
In the popular Terminator movies, a relentless super-robot played by Arnold Schwarzenegger tracks and attempts to kill human targets. It was pure science fiction in the 1980s.
July 9, 2021
Technology
Streamline and Automate Claims-Handling Processes to Build Digital Capability
Meredith Barnes-Cook, Ushur’s global head of insurance, is participating in a panel on process automation called ‘Build your digital capability by leveraging technology to streamline and automate claims-handling processes’ at this year’s Intelligent Insurer Claims Innovation USA virtual event on July 14.
July 9, 2021
Technology
The 7 New Business Models
While those pressing for innovation often focus on the unbelievable speed of technology change, perhaps the more important issue is the pace at which business models can change.
July 6, 2021
Technology
Benefits of Deploying a Hybrid Cloud
Several long-established industries are considered ‘legacy’ — having little motivation to change and slow to adopt new, critical technologies. Large, stable industries that provide essential or compulsory goods and services–like insurance–often fit squarely within this realm.
July 6, 2021
Technology
Getting Lectured by Technology
No one really likes change, and that is particularly true of the workers’ compensation industry and its challenged relationship with technology adoption. The pandemic did much to remove barriers and accelerate technological change in the industry, but much opportunity remains.
June 30, 2021
Technology
