Augmented Reality And Artificial Intelligence In Insurance
From Microsoft’s sophisticated HoloLens to Snap Inc.’s somewhat frivolous Spectacles, smart glasses hit the market in 2013 and have shown that they’re here to stay.
February 23, 2021
Technology
Beware The Dark Side Of AI
Within the Biden administration’s first weeks, the Office of Science and Technology Policy has been elevated to a cabinet-level position. Biden has appointed Alondra Nelson as deputy director. She is a scholar of science, technology and social inequality.
February 19, 2021
Technology
Why CX Must Trump Efficiency
There isn’t an insurance business in the land that isn’t talking about digital transformation. Whether talking about AI, robotics or platforms, the majority of the industry is confident it’s heading toward a brightly lit, digital future.
February 18, 2021
Technology
Mitigating Risk By Modernizing Legacy IT Systems
For organizations to ensure they can remain operational when disaster strikes, they must prepare their IT systems for potential disruptions before they ever arise. This year, states like New Jersey, Oregon and California saw their unemployment systems crash as a result of running on outdated mainframes, which are often over 60 years old and incapable of properly integrating with the internet and other modern technologies.
February 16, 2021
Risk Management
Technology
Taking The Digital Path For Optimal Claims Experience
There’s no question that the pandemic has pushed the insurance industry fully into the digital age. Alongside changes to many of their processes, there’s also a heightened need for insurers to protect their clients and provide them efficient claims services by implementing digitalization effectively.
February 10, 2021
Technology
Remote Loss Adjusting Vs. Boots On The Ground: Why Both Are Crucial For Top-Notch Claims Performance
Multiple catastrophes, rising claims settlement costs, social unrest, a pandemic and lockdowns — 2020 was certainly one hell of a year!
February 8, 2021
Risk Management
Technology
Insurtech 2021: Reset vs. Resume
2020 was a year like no other, so it should come as no surprise that we aren’t just going to be able to pick up where we left off as the pandemic eases. That is even truer with regard to the high-risk, high-reward world of investing in insurtechs.
February 2, 2021
Technology
The Perfect Blend Behind Effective Claims Management
Effective claims management is all about balance. Adjusters today must walk the fine line of implementing technology and digital tools to expedite and enhance the claim process, while always keeping the human elements of compassion, reassurance and education at the core.
February 2, 2021
Property
Technology
The Hartford Will Use AI To Appraise Auto Damage
The Hartford has entered into a partnership with technology company Tractable to analyze auto damage within its US auto insurance claims operations.
January 29, 2021
Auto
Technology
Smartphones Can Help Reduce Driving Risk
This could be the year telematics driving data actually provides meaningful information — and change — to insurers and drivers alike, allowing risk to be underwritten more accurately, experts predict. To pull that off, smartphones will be a critical tool despite their drawbacks.
January 25, 2021
Auto
Technology
Underwriting
Insurtech Pays Out Parametric Flood Claim In Record Time
Flood risk insurtech company FloodFlash, which offers an innovative sensor-based approach to support parametric flood insurance triggers, has beaten its own record on rapid claims payment, paying out to one policyholder within ten hours for the impacts of flooding during UK storm Christoph.
January 25, 2021
Catastrophe
Technology
2021 Auto Casualty Predictions: Automation, Miles Driven and More
The past year has been unprecedented—and unpredictable—but through all of the uncertainty, a few patterns have emerged in the auto casualty insurance industry.
January 21, 2021
Auto
Liability
Technology
Tackling Pain Points, Starting With FNOL
Entrepreneur. Problem solver. Innovator. Physicist. Business owner. Stanford grad. These are just some of the terms that can be used to describe Justin Lewis-Weber. But today, perhaps the most fitting title for the young businessman is ‘insurance claims automation champion’.
January 15, 2021
Auto
Technology
6 AI Predictions For Property Insurance
Insurers are no stranger to large-scale technology changes, but 2020 was unique in the magnitude of change. Incumbent carriers have spent much of 2020 year moving complex IT infrastructures into the cloud and instituting new remote risk assessment technologies, in order to continue serving their customers safely and efficiently.
January 15, 2021
Property
Technology
Insurtech Adoption To Accelerate Beyond Pandemic
Insurers increased their use of catastrophe models, drones and mobile apps during the COVID-19 pandemic, and they anticipate growth in such technology to continue once the health crisis passes.
January 14, 2021
Technology
