Insurance Industry: Now Hiring Millenials, And Bring Your Friends

Good employees can be hard to find. That’s why clever employers know to seize any opportunity to find workers — even on a ride from the airport.
November 14, 2018 Education & Training Risk Management Technology

Insurtech Ecosystem: Who Will Eat Whom?

At InsureTech Connect, there were a lot of innovative approaches and capabilities on display. But the term “bubble” could be heard on many attendees’ lips, especially those who’d watched the event double in size each year.
November 12, 2018 Risk Management Technology

Why Understanding AI Is “Non-Negotiable” For Insurers

Out of the catalogue of technologies that have the potential to affect the insurance industry, one expert says that artificial intelligence is on track to have the most significant impact in the coming year. In fact, insurers’ investments in AI are increasing on a year-over-year basis, and this trend is set to continue into 2019.
November 12, 2018 Risk Management Technology

Mini Meteorologists: How Satellite Technology Is Reducing Weather Risks

In recent years, we have witnessed a technological revolution that is historic, impressive and even a bit overwhelming. From the introduction of smartphones to cloud computing to artificial intelligence, the frenetic pace of innovation has led to efficiencies that never before seemed possible. For businesses, the access to information is equally profound. Accurate and timely data facilitates sound decisions in terms of protecting assets, mitigating loss and meeting fiduciary responsibilities.
November 9, 2018 Liability Technology

Solving Claims-Intake Overload For Smaller Insurance Carriers

As billion-dollar hurricanes pummel the coasts, insurance carriers are facing a category 5 operations challenge: a snowballing claims-intake challenge. When hurricane season began this year, carriers were still sorting out claims from 2017’s mega-storms, Harvey, Irma and Maria. Then Florence and Michael hit, adding to the backlog.
November 7, 2018 Catastrophe Risk Management Technology

Collaboration On Blockchain Prepares To Make Insurance Use Cases A Reality

Titans of industry, such as global insurance brokerage Marsh and Aon, have already recognized the potential in blockchain and now, more companies are jumping on board to push the application of the technology in insurance even further.
November 5, 2018 Technology

What Do Jay-Z, Google, Iron Man And Will Smith All Have In Common?

A hot new life insurance start-up that has caught the attention of celebrities has raised US$35 million in its latest financing round.
October 31, 2018 Life & Health Technology

Workers’ Comp Insurers Banking On Emerging Technologies

Quotes from only five data points, or even fewer? Name your number, and you can find an insurer looking to transform the sales experience to match.
October 30, 2018 Risk Management Technology Workers' Compensation

How To Use AI In Claims Management

How do you increase quality in claims assessment, management and administration? We share insights into an end-to-end, AI-powered, claims-automation approach to increase quality, improve processing efficiency and reduce cost.
October 29, 2018 Risk Management Technology

‘Fraudsters’ Gaining On Insurance Industry, Expert Says

The fraudsters are seemingly remaining one step ahead of the good guys, and the financial services industry is perpetually a prime target.
October 29, 2018 Fraud Technology

Technology To Lower Blood Pressure May Be Final Straw

I like technology as much as the next person. Ok, I probably like technology more than the next person, but enough is enough. Sometimes we just become too dependent on technology in our personal lives, and someone just has to stand up and say something.
October 26, 2018 Life & Health Technology Workers' Compensation

New Cyber Threat: Cryptojacking

It seems that with every advancement in technology a new threat vector is born. This theory holds true as we begin to embrace the world of cryptocurrency.
October 26, 2018 Excess & Surplus Lines Risk Management Technology

Hey Dude, Where’s My Car Claim?

In the wake of a major American insurer’s TV ad that pokes fun at AI-powered insurance, a celebrity has stepped in to share a piece of his mind on the issue.
October 23, 2018 Auto Property Technology

The Connected World: How It Changes Claims

Automation is transforming claims processing in myriad ways. Damage appraisals that are completed in only a few hours are becoming the norm―shaving days off cycle time and making the claims process easier than ever before. Insurance customers are getting comfortable with snapping a few photos of their damaged vehicle and sending them to their insurer via a simple mobile claim app. Drones are often dispatched to inspect storm damage on a home, allowing property adjusters to complete virtual damage inspections. Data delivered electronically early in the claims process is revolutionizing the claims workflow, simplifying claim reporting and providing a wealth of actionable data to expedite claim settlements.
October 22, 2018 Risk Management Technology

Why Buying A Car With High-Tech Safety Features Won’t Make Your Auto Insurance Cheaper

Vehicle safety continues to be a top concern among new-car buyers. Safety engineering has come a long way over the last half century, with the latest features able to help keep motorists from getting into accidents in the first place.
October 19, 2018 Auto Technology
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