Detecting Auto Fraud With AI: Looking For Outliers Among Thousands Of Variables

Artificial intelligence can make it nearly impossible for fraudsters to make a false claim appear real, the founder of an A.I. vendor suggests. If an auto insurance claim is fraudulent, A.I. software could pick up on that as long as it has enough data about other fraudulent — and legitimate — claims, said Gary Saarenvirta, founder and CEO of Toronto-based Daisy Intelligence.
October 8, 2019 Auto Technology

Notable News From InsureTech Connect Conference

After three intense and exhausting days at InsureTech Connect last week, I’m a little conflicted. It was quite exciting. And there are many fascinating companies and ideas that are truly transforming our industry.
October 7, 2019 Technology

Insurance Companies Are Cautiously Optimistic That Exoskeletons Can Reduce Injury And Claims

There are over a thousand exoskeleton units currently in use at job sites around the world, and their number is expected to increase at a significantly faster rate. In some cases, they are even becoming mandatory safety equipment.
October 4, 2019 Technology Workers' Compensation

4 Ways Claims Professionals Must Adapt To The Digital Insurance Revolution

The digital revolution underway in the insurance industry is affecting nearly every facet of insurance, and claims handling and management is no exception.
October 2, 2019 Risk Management Technology

Drones Make Headway In Cutting Claims Costs; Challenges Remain

Drone technology can significantly reduce claims processing costs, but barriers remain to universal adoption by insurers and claims adjusters, a panel of experts said.
September 26, 2019 Legislation & Regulation Risk Management Technology

Four Reasons Bodily Injury Adjusters Are Overloaded With Work

Workload is the number one cause of stress in the workplace, when compared with other factors including people issues, work-life balance and lack of job security, according to Statista.
September 25, 2019 Auto Liability Technology

Travelers Partners With Hover For 3-D Modeling In Claims

Travelers has partnered with Hover to incorporate 3-D modeling technology into its claims assessment. Hover’s technology transforms smartphone images of property into 3-D models, which will improve property damage views with detailed measurements of buildings.
September 24, 2019 Technology

Liability And Workers’ Comp Savings Arrive With Autonomous Trucks In Texas

The world of self-driving trucks continues to expand as new technologies are being tested and more companies are emerging with revolutionary autonomous fleets of semi-truck tractors that increase safety and efficiency.
September 18, 2019 Excess & Surplus Lines Liability Technology Workers' Compensation Texas

The Critical Piece Of Mapping Out The Claims Process

Insurance providers who are paying for consultants to help change claims processes may be missing a piece of the puzzle.
September 17, 2019 Education & Training Technology

Flood-Prediction Tech Company To Launch In US

FloodMapp, a real-time flood-prediction technology, has announced that it is launching in the US. The software will be showcased at the InsurTech Connect conference in Las Vegas Sept. 23-25.
September 12, 2019 Catastrophe Property Technology

Business Email Compromise Overtakes Ransomware And Data Breaches In Cyber-Insurance Claims

Business email compromise (BEC) has overtaken ransomware and data breaches as the main reason companies filed a cyber-insurance claim in the EMEA (Europe, the Middle East, and Asia) region last year, said insurance giant AIG.
September 5, 2019 Excess & Surplus Lines Technology

Are Cyber Insurance Companies Contributing To Ransomware Attack Growth?

It comes as no surprise to hear that ransomware attacks are on the rise, but new perspectives are connecting this trend with increasing the availability of products from cyber insurance companies.
September 4, 2019 Excess & Surplus Lines Technology

The Switch To Preventing Claims

To some, it is magic. To insurance, it is reality. The ability to accurately discern the past and predict the future based on nothing but data points and the long-lived experience of actuaries and adjusters has served the industry well, allowing insurance to become a multibillion-dollar industry.
September 4, 2019 Technology

Tesla Autopilot Engaged In 2018 California Crash; Driver’s Hands Off Wheel: NTSB

The National Transportation Safety Board (NTSB) said on Tuesday that a Tesla Model S was in Autopilot mode and the driver’s hands were off the wheel when it struck a fire truck in Culver City, California, one of a series of crashes the board is investigating involving Tesla’s driver assistance system.
September 4, 2019 Auto Technology California

Tesla Rolls Out Insurance In California

Tesla Inc (TSLA.O) said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles.
August 30, 2019 Auto Technology California
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